Lake Home For Sale near Lake Texoma
Investor special with strong upside in Gordonville.Located in a quiet lake-side community near Lake Texoma, this property sits on a large double lot with mature trees and a secluded setting, offering both privacy and potential.
The home includes separate entrances for both upstairs and downstairs, creating excellent rental or multi-generational possibilities.
The downstairs is currently unfinished and designed for 2 bedrooms, 1 full bath, a living area, and storage. It will need flooring and full finish-out to complete.
The upstairs is fully functional, featuring an open kitchen, a spacious family room with tile flooring, 3 bedrooms, and 1.5 baths.
Additional improvements are needed, including a new roof and siding updates. Once renovations are complete, the property's estimated after-repair value (ARV) is approximately $290,000, creating excellent upside for investors.
Just minutes from Lake Texoma and Sherman, this home offers seclusion, space, and long-term potential in a desirable and growing area.
Property Details
- Beds: 5
- Baths: 3.0
- Sq Feet: 2048
- Year Built: 1968
- Location: Lake Texoma
- Acres: 0.279
- County: Grayson County
- Community: Wright Acres
- Heat/AC: Electric (Heating), Fireplace(s), Zoned (Heating)
- Garage: Driveway, Garage
- Roof: Composition
- Stories: 2
- Fireplaces: Has Fireplace
- MLS #: 21029585
Location
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Contact Information:
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Ad Statistics:
| Ad Number : | 6564321 |
| Viewed: | 2 times |
| Added: | Aug 29, 2025 |
| Updated on: | Oct 13, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
