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170 Armada Loop

Payne Springs, TX 75156

$649,950

3 bd · 2 ba · 1,250 sq ft · 0.45 ac

Bedrooms3
Bathrooms2
Living area1,250 sq ft
Lot size0.446 acres
Year built1988
Stories1
Garage2 cars
TypeSingle-family

What it costs to own

Taxes$7,553 per year
MUDNone listed
HOA$250 per year · Del Mar Owners Association
HOA fee coversMaintenance Grounds
Price per sq ft$520 per sq ft

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

TURN-KEY CEDAR CREEK LAKE INVESTMENT Rare opportunity to own a fully operational, income-producing waterfront retreat just one hour southeast of Dallas. This established Airbnb has three years of rental history, a 4.74-star guest rating, and Superhost status that transfers to the new owner. Step in and start earning from day one. Set on a huge, flat double lot in the desirable Del Mar subdivision, the property offers two separate dwellings: a 2-bedroom, 1-bath main home with fully equipped kitchen and cozy lake-view living area, plus a detached guest house studio with full bath and kitchenette, perfect for hosting extended family, accommodating larger guest groups, or capturing premium rental rates with private accommodations for up to 12. WATERFRONT FEATURES that set this property apart: private boat dock with lift for effortless launching, a community boat ramp located right next door for unmatched water access, expansive deck with stunning Cedar Creek Lake views, and a tucked-away cove location that delivers the peace and tranquility today's lake buyers are searching for. The double lot provides rare flexibility with room for outdoor entertaining, future expansion, RV or boat storage, or simply unobstructed space to enjoy lake living. Del Mar residents enjoy POA access to a community park, pavilion, and private boat ramp with fishing pier. FURNISHINGS AND BOAT WITH TRAILER NEGOTIABLE! The seller is open to packaging the home as a true lake life turnkey opportunity, including high-end touches already in place (Moccamaster coffee maker, 600 thread count linens, feather duvets, record player, Bluetooth speakers, fully stocked kitchens, family-friendly amenities). Bring your suitcase, take over the booking calendar, and start enjoying immediate cash flow. Cedar Creek is Texas's fourth-largest lake with 320 miles of shoreline, world-class bass and catfish fishing, and easy access via US-175. Showings require advance notice to work around active bookings.

The details

HeatingCentral
CoolingCentral Air
FlooringTile
AppliancesDishwasher, Disposal, Electric Range
Interior featuresDecorative Lighting, Double Vanity, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Vaulted Ceiling(s)
Fireplace1 · Living Room, Wood Burning Stove

RoofShingle

Lot featuresLandscaped, Lrg. Backyard Grass, Waterfront
FencingBack Yard
Water sourceCity Water
SewerSeptic
ElectricElectricity Connected
UtilitiesUnderground Utilities

SubdivisionDel Mar Sub
Community featuresFishing, Lake, Park, Playground

ElementaryCentral
Middle schoolMabank
High schoolMabank
DistrictMabank ISD

MLS #21278477
Source
Price changeReduced by $50,000 · Oct 2, 2026
On the market133 days
CountyHenderson

Around this home

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Listing courtesy of LPT Realty, LLC — Bobby Moats.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21278477. Information last updated October 2, 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.

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