LOT 17, 00 GROVES DRIVE, TOOL, TX 75143

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Active

List Price$525,000

Lot 17, 00 Groves Drive

Tool, TX 75143

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Listing #20623610

0.45

Acre

Lots / Land

Type

About This Property

One of 21 lots available in The Groves at Cedar Creek Lake where you can design your own home or choose from one of several floor plans to meet your budget. The Groves is a new 23 acre luxury gated waterfront community with deep water, fabulous views and gorgeous sunrises. Lot 17 offers approximately half an acre with 100 ft of shoreline and wonderful panoramic views across the wide cove with 8.5 ft deep water all the way across. Boat house allowed with TRWD permit. In addition to the 21 available lots, the second spec home is now complete and available, see MLS 20621829, and another under construction with estimated completion April 2025. Two more spec homes expected to break ground this year. Work with the Groves design team to select finishes that reflect your own style. With 3400 feet of shoreline protected by a new retaining wall and lots a half acre or more you will have a front row seat to lake living at its finest with plenty of room to build a pool, relax and entertain. Ample parking space and large garages to fit not only vehicles but also lake toys. Located on the west side of Cedar Creek Lake in Tool on a huge cove with open water views tucked away from the wind and easy access to anywhere on the lake. It's private. it's peaceful. It's everything a lake community should be and some. Homes start at 1.8 million ranging from 3500 to 5500 sq ft or more each with its own boathouse. Top it off with concrete streets, underground utilities and sewer system and you have the perfect lake community. Just 55 minutes from Dallas and just minutes away from grocery stores, Lone Star Marina, Fig's Steakhouse, Fig's Backyard, Triple N Ranch Winery, Plowboys Club, Whistle Stop Cafe and more. Contact agent for more information and to schedule a tour of this exciting new development. The Groves at Cedar Creek lake isn't just a home it's a haven.

Property Features

Location Information

County

Henderson

Subdivision

The Groves at Cedar Creek

Interior Features

Has Fireplace

No

Exterior Features

Utilities

Electricity Available, Municipal Utilities, Sewer Available, Water Available

Development Status

Site Plan Approved, Zoned

Lot Description

Subdivision, Few Trees, Waterfront, Retaining Wall

Road Description

Concrete

Lot Size in Acres

0.447

Lake Name

Cedar Creek

Lot Size in Sq. Ft.

19,471

Waterfront Description

Lake Front, Waterfront

Current Use

Residential, Single Family, Vacant

Has Waterfront

Yes

Possible Best Use

Residential

Is One Story

No

Zoning

Residential

Lot Description

Subdivision, Few Trees, Waterfront, Retaining Wall, Lake Front, Waterfront

School

Elementary School District

Malakoff ISD

Jr. High School

Malakoff

Elementary School

Malakoff

High School

Malakoff

Additional Information

Property Type

LL

HOA Frequency

Annually

Property SubType

Unimproved Land

HOA Includes

All Facilities

Status

Active

Tax Annual Amount

452.0

Has a Home Owners Association

Yes

Community Features

Gated

HOA Fee

$2,400

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Mortgage Calculator

$2,450

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,891

Monthly Tax

$437

Monthly Insurance

$122

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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