131 Lakeway Lane
Gun Barrel City, TX 75156
$749,990
6 bd · 5 ba · 4,300 sq ft · 1.02 ac
What it costs to own
About this home
**Luxury Lake Estate: Multiple Homes & Income Opportunities!**
Rare opportunity to own an exceptional gated estate in the Eastwood Islands community on Cedar Creek Lake. With a combined total of 4300 sq ft of living space, this unique property includes a custom-built main home (2024) 3B and 2.5B, a guest cottage 2B & 1.5B, an efficiency home with a workshop, on 2 lots —ideal for multi generational living, guests, rental income, or a private family compound.
The main home features vaulted ceilings, hand-scraped hardwood and tile floors, and an open-concept layout. The spacious family room offers a floor-to-ceiling stone fireplace, partial lake views, and abundant natural light. The chef's kitchen includes a large island, walk-in pantry, stainless steel appliances, and ample workspace.
The private primary suite features tray ceilings and a spa-like bath with a walk-in shower, claw foot soaking tub, dual vanities, and walk-in closet. The split-bedroom floor plan includes two bedrooms connected by a Jack-and-Jill bath. A dedicated office with Cat 6 wiring, double doors, and backyard access is ideal for working from home. The over sized laundry room is conveniently located off the attached three-car garage. Enjoy the wraparound porch and mature pecan and pear trees.
Included is a 1,084-square-foot guest cottage with a full Kitchen and living areas, a screened porch, fireplace —perfect for guests or short- or long-term rental income or parent home.
A third residence offers approximately 800 square feet of efficiency-style living space with its own yard, workshop, and peek-a-boo lake views, providing additional flexibility or rental potential. Eastwood Islands residents enjoy a private boat ramp, fishing dock, parks, and Cedar Creek Lake access, all just minutes from shopping, dining, and entertainment.
This one-of-a-kind property offers luxury, flexibility, and exceptional investment potential. See Eastwood Island POA website for community rental policies.
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Listing courtesy of Cedar Creek Lake Real Estate — Val McGilvra.

Where it is

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21337766. Information last updated October 1, 2026.
Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.
Ink Realty Group is brokered by eXp Realty.
Ink Realty Group
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