201 Waikiki Trail
Tool, TX, 75143
$145,000
3 Beds
2 Baths
1,257 SqFt
0.2 Acres
MLS #21377835 image #0

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!

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

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
GarageParadise BayMalakoff IsdMalakoffMalakoffMalakoff

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

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

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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.

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Community

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