About This Home

This 3-bedroom, 2-bathroom single family at 401 Lake Drive in Tool, TX is listed for $565,000 ($312 per sqft). Built in 1972, the home offers 1,812 sqft of living space on a 0.24 acres lot.

Key Features

  • Built in 1972
  • 0.24 acre lot
  • Fireplace
  • Waterfront

Property Details

1 story
2 full
1-car garage
1972

Amenities

FireplaceWaterfrontViewA/C
Listing Description

Stunning 3-bedroom, 2-bath home on Cedar Creek Lake in sought-after Arnold Hills with breathtaking water views. Enjoy relaxing evenings by the outdoor fireplace while taking in the peaceful setting of the lake and surrounding trees. The top boat deck, and boat lift are new.

The retaining wall has been newly redone, making every day on the water effortless. This home also offers a convenient garage plus an additional detached space that can be the perfect mother-in-law suite or a private playhouse, giving you flexibility for guests, family, or extra living needs.

Step outside to a spacious extended back patio designed for unwinding, entertaining, and soaking up the natural beauty. The home features terraced landscaping and a welcoming circle drive with a beautiful entrance into a community that truly has it all, including a community boat dock, park, plus a pickleball court for fun and connection.

Inside, you will find an additional living space where you could possibly enjoy your favorite book. The third bedroom makes the ideal bunk room, flex space, or cozy retreat. With its thoughtful layout, serene lake lifestyle, and room to grow, this home is a wonderful option for a second home or a comfortable retirement space where you can enjoy Cedar Creek Lake for years to come.

Monthly Cost Estimate

$3,172/mo

20% down · 6.5% · 30 years

Principal$409
Interest$2,448
Insurance$165
HOA$150

Estimates only. Actual payments may vary.

Location

401 Lake Drive

Tool, TX 75143

Arnold Hills Sub

Features & Amenities

Interior Features

ChandelierDryBarDecorativeDesignerLightingFixturesEatInKitchenGraniteCountersOpenFloorplanCableTv

Exterior Features

BoatSlipDockRainGutters

Property Details

Flooring

CarpetVinylTile

Construction

Brick

Views

Water

Outdoor Features

Deck

Parking

DrivewayGarage

Heating

Electric (Heating)Central

Cooling

Ceiling Fan(s)ElectricCentral Air

Appliances

DishwasherElectricCooktopElectricOvenDisposal

Questions & Answers

This 3-bedroom, 2-bathroom single family at 401 Lake Drive is listed at $565,000 ($312/sqft). The estimated monthly payment is $3,172 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $150/month.

Key features include: Built in 1972, 0.24 acre lot, Fireplace, Waterfront. Interior Features: Chandelier, DryBar, DecorativeDesignerLightingFixtures. Exterior Features: BoatSlip, Dock, RainGutters.

This property is listed by Lynsey Grissom.

LG

Lynsey Grissom

Agent at ECMC, Ltd dba Keller Williams Realty

Listed by ECMC, Ltd dba Keller Williams Realty · Broker phone: (972) 935-5251 · View on Broker Site · Broker website

MLS# 21417475· Source: North Texas Real Estate Information Systems, Inc.· 3 days on PropertySimple

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

401 Lake Drive, Tool, TX 75143

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