- Henderson County
- Mabank TX
- 75156
- Local Area: Oak Harbor
Property Overview
Enjoy the best of lake life with this waterfront lake house on Cedar Creek Lake! Featuring 2 bedrooms, 2 bathrooms, and a 2-car garage, this property offers the perfect opportunity for a full-time residence, weekend getaway, or lakefront retreat. Step outside and enjoy your own private boat dock complete with a boat slip and jet ski lift, making it easy to get out on the water and enjoy everything lake living has to offer. The deep-water location is a standout feature, providing convenient access for boating and water recreation. Whether you're spending the day cruising the lake, enjoying water sports, or relaxing on the patio, this property offers everything you need to make lasting memories. Don't miss your chance to own a piece of waterfront living in beautiful Gun Barrel City, Texas!
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Property highlights
Year Built 1965
School District Mabank Isd
HOA No HOA
Parking 2-car garage, 1 covered
Architecture Detached
Neighborhood Oak Harbor
Full Property Details
Property Details
Quick Details
- Price $500,000
- Status Active
- Bedrooms 2
- Bathrooms 2
- Square Feet 1,687 Sq Ft
- Lot Size 0.17 acres
- Lot Size Sq Ft 7,536
- Year Built 1965
- Price / Sq Ft $296 / Sq Ft
- MLS # 21424099
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Henderson
- Subdivision Oak Harbor
- Days on Market 3
Home Details
- Architectural Style Detached
- Stories 1
- Levels One
- Full Baths 2
- Half Baths 0
- Heating Electric
- Cooling Electric
- Property Attached No
Kitchen & Interior
- Appliances Dishwasher, Electric Cooktop, Electric Oven
- Interior Features High Speed Internet, Cable Tv
Lot & Exterior
- Lot Features Waterfront, Retaining Wall
- Exterior Features Boat Slip, Deck, Dock
- Patio & Porch Features Covered, Deck
- Pool No
- Waterfront Features Boat Dock Slip, Boat Ramp Lift Access, Lake Front, Waterfront
Parking
- Parking Additional Parking, Concrete, Drive Through, Detached Carport, Driveway, Garage
- Garage Spaces 2
- Covered Parking 1
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $5,471
- Parcel Number 42950000026050
- Legal Description AB 488 T S MITCHELL SUR, TANGLEWOOD SHORES N/
- Tax Lot 26
Utilities
- Utilities Electricity Available, Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- School District Mabank ISD
- Elementary Central — Mabank ISD
- Middle Mabank — Mabank ISD
- High Mabank — Mabank ISD
Listing Information
- Listing Agent Connor Beckman
- Brokerage Texas Ally Real Estate Group
- MLS Board NTREIS
- List Date 10/29/2026
- Source Updated 10/29/2026
- Last Updated 10/31/2026
Property Tax & CAD Valuation for 115 Lakewood Drive
Henderson CAD (Pritchard & Abbott) records for 115 Lakewood Drive, Mabank, TX 75156 show a CAD market value of $393,048 and a net appraised value of $393,048. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Henderson CAD (Pritchard & Abbott) property-tax and appraisal records for 115 Lakewood Drive, Mabank, TX 75156, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Henderson CAD (Pritchard & Abbott) Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $263,250 + Improvement Value $129,798 = CAD Market Value $393,048
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
MAIN DWELLING
Value: $129,798 Total Area: 2167 Sqft Living Area: 1687 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| LIVING AREA | LA | 1,687 Sqft |
| CARPORT/CONCRETE FLOOR | CP | 480 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
No standard exemptions or CAD reductions were detected in the current record.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $393,048 − All Current CAD Reductions $0 = Current Taxed Starting Point $393,048
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
Other Entity
HENDERSON CAD |
$393,048 | 0.0000 | $0 | — | $0 |
|
County
HENDERSON CO R&B |
$393,048 | 0.0177 | $70 | — | $70 |
|
County
HENDERSON COUNTY |
$393,048 | 0.2846 | $1,119 | — | $1,119 |
|
County
HENDERSON CO FM-FC |
$393,048 | 0.0412 | $162 | — | $162 |
|
School District
MABANK ISD |
$393,048 | 0.9351 | $3,675 | — | $3,675 |
|
Other Entity
TRINITY VALLEY COMM |
$393,048 | 0.1137 | $447 | — | $447 |
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $5,472 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $5,472
The current CAD record does not establish an exemption tax savings calculation. A buyer’s future tax bill may differ.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $174,600 | $69,539 | $244,139 | $200,859 | +$9,027 / +3.84% |
| 2022 | $261,900 | $88,320 | $350,220 | $220,600 | +$106,081 / +43.45% |
| 2023 | $263,250 | $110,853 | $374,103 | $242,310 | +$23,883 / +6.82% |
| 2024 | $263,250 | $129,798 | $393,048 | $266,191 | +$18,945 / +5.06% |
| 2025 | $263,250 | $129,798 | $393,048 | $292,460 | — |
| 2026 | $263,250 | $129,798 | $393,048 | $393,048 | — |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $500,000 − Current CAD Market Value $393,048 = Over CAD Value +$106,952 (+27.2%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND OAK HARBOR
A curated look at local favorites, everyday stops, and lifestyle context near this property.