Location
Discover a fantastic lakeside retreat at 201 Waikiki Trail in the charming community of Tool, Texas. Nestled near the beautiful shores of Cedar Creek Lake, this wonderful three bedroom and two bathroom home offers the perfect setting for relaxing weekends or year round living. The spacious residence features a welcoming great room that is perfect for gathering after a day out on the water. A thoughtfully designed layout provides plenty of privacy, while the attached two car garage offers ample storage for vehicles and gear. What truly sets this listing apart is the extraordinary outdoor space. The sale includes two additional adjacent lots, giving you an incredibly rare and expansive footprint. This unparalleled space gives you the freedom to add a sprawling guest house for extended family, construct a lucrative short term rental property, or design an incredible outdoor oasis complete with a custom pool, outdoor kitchen, and a large workshop for all your lake toys. Alternatively, you can simply hold onto the extra land as a valuable investment in a highly sought after lake community. You will also enjoy excellent access to Cedar Creek Lake through the neighborhood community boat dock. Skip the crowded public marinas and easily launch into your weekend adventures, whether that means early morning fishing, afternoon wakeboarding, or simply watching spectacular Texas sunsets from the water. Located just over an hour from the Dallas and Fort Worth metroplex, this property offers the perfect balance of a quiet getaway and accessible convenience. Properties offering this unique combination of a comfortable existing home, community water access, and expansive acreage are incredibly rare. Bring your boat and start enjoying the ultimate lake lifestyle today!
Property Details
Price:
$145,000
MLS #:
21377835
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Paradise Bay
Listed Date:
Sep 3, 2026
Finished Sq Ft:
1,257
Lot Size:
8,755 sqft / 0.20 acres (approx)
Year Built:
1990
Schools
School District:
Malakoff ISD
Elementary School:
Malakoff
Middle School:
Malakoff
High School:
Malakoff
Interior
Bathrooms Full
2
Interior Features
Pantry
Number Of Living Areas
1
Exterior
Garage Spaces
2
Lot Size Area
0.2010
Financial

See this Listing
Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.
More About AaronMortgage Calculator
Similar Listings Nearby
Community
- Address201 Waikiki Trail Tool TX
- SubdivisionParadise Bay
- CityTool
- CountyHenderson
- Zip Code75143
Subdivisions in Tool
- 5\’ Developer Strip Royal Oaks
- A0659
- Anchorage Condos
- Anchorage Condos Ph I
- Arnold Hills
- Arnold Hills Sub
- ARNOLD HILLS SUBD
- BROWN SUR
- Cedar Crk Center
- Cedarcrest Shores Estate
- Cedarcrest Shores Estates
- Deep Meadows
- Driftwood Beach
- Driftwood Beach Add
- Forest Acres
- Forest Park Add
- G HANCOCK SUR
- Heather Woods Add Sec 01
- Heather Woods Sec 02
- Heather Woods Sec 1
- Heather Woods Subdivision
- Island Oaks
- Island Oaks Sub
- Isle of View
- Isle of View I
- Ivys Woodlands Acres Sec A
- Jeremiah Crabb
- Lakeway Estate
- Lakeway Estates
- Mason Addition
- Meazells Cedar Shores
- Meazells Cedar Shrss Sec 02 P
- N
- Ng Russell A-660
- Paradise Bay
- Paradise Bay 1
- Paradise Bay Add
- Paradise Bay Sub
- Point of View
- Port Ocall Add
- Royal Oaks
- Royal Oaks Sec 01
- Royal Oaks Sub
- Tbt Rolling Acres
- The Groves at Cedar Creek
- The Groves at Cedar Creek Lake
- Thurman Estates 2
- Tool
- Trade Winds
- Trade Winds Add 01 Filing
- Trade Winds Add 2nd Filing
- Tradewinds Add
- Villa Cove
- WESTWOOD BEACH
- Westwood Beach #1
- Westwood Beach 01
- Westwood Beach Add
- Westwood Beach Sec 01
- Westwood Beach Sec 02
- Westwood Beach Sub Sec 2
- Wildwood Acres
- Wildwood Acres Add
- Windward Cove
Market Summary
Current real estate data for Single Family in Tool as of Oct 12, 2026
66
Single Family Listed
135
Avg DOM
245
Avg $ / SqFt
$488,236
Avg List Price
Property Summary
- Located in the Paradise Bay subdivision, 201 Waikiki Trail Tool TX is a Single Family for sale in Tool, TX, 75143. It is listed for $145,000 and features 3 beds, 2 baths, and has approximately 1,257 square feet of living space, and was originally constructed in 1990. The current price per square foot is $115. The average price per square foot for Single Family listings in Tool is $245. The average listing price for Single Family in Tool is $488,236. To schedule a showing of MLS#21377835 at 201 Waikiki Trail in Tool, TX, contact your Aaron Layman Properties agent at 940-209-2100.

201 Waikiki Trail
Tool, TX




