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Beautiful waterfront home with 205ft of shoreline and a large covered back deck that is perfect for relaxing or entertaining. This home features a split bedroom floor plan with 3 bedrooms, 2 bathrooms, and a 2 car garage. The open living area has high ceilings and a cozy fireplace connected to a 500 gallon in-ground propane tank. The spacious master bedroom offers comfort and privacy, while the large mud room provides extra convenience. The back deck is prewired for sound, making it ideal for outdoor gatherings. Outside, you'll find an oversized detached garage, a fenced yard, and the home sits on 2 combined lots, giving you extra space and privacy. This is a great waterfront property with plenty of room to enjoy lake living.

Highlights

  • Residential
  • Single Family Residence
  • Built in 2011
  • 0.65 Acre Lot
  • $60/yr HOA
  • Waterfront
  • 2 Car Garage
  • 56 days on Market

  • Bedrooms
    3
  • Bathrooms
    2
  • Year Built
    2011
  • Construction Materials
    Frame
  • Foundation
    Slab
  • Garage Spaces
    2.0
  • Parking Features
    Garage
  • Living Area
    1672.0
  • Interior Features
    Other, Open Floorplan
  • Appliances
    Dishwasher, Microwave, Electric Oven, Vented Exhaust Fan
  • Security Features
    Smoke Detector(s)
  • Cooling
    Ceiling Fan(s), Central Air, Electric
  • Heating
    Electric, Central, Exhaust Fan

  • Acres
    0.65
  • Lot Features
    Waterfront, Irregular Lot
  • Water Front Features
    Lake Front
  • Water Front
    Yes

  • County
    Henderson
  • City
    Tool
  • Neighborhood
    Paradise Bay
  • Zip Code
    75143
  • High School
    Malakoff
  • Middle School
    Malakoff
  • Elementary School
    Malakoff

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Frequently Asked Questions

How do I schedule a tour of 721 Midway Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 721 Midway Rd.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 721 Midway Rd?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $349,500. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Tool, and can even get you in to see the property quickly.

How do I get a virtual tour of 721 Midway Rd?

Yes! A virtual tour is available for 721 Midway Rd. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 721 Midway Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 721 Midway Rd at around $2,389. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 721 Midway Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Henderson County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 721 Midway Rd?

In most cases, yes. Whether 721 Midway Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Tool's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 721 Midway Rd?

We can handle that for you. Our preferred local agent specializes in residentials in Tool and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $349,500 with 1,672 sqft of space—that comes out to approximately $209 per square foot.

How long has this property been on the market?

721 Midway Rd was listed on September 18, 2026, which means it's been on the market for 56 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2011, making it approximately 15 years old.

What is the lot size of this property?

721 Midway Rd sits on a 0.65-acre lot, which is 28,314 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Malakoff
  • Middle: Malakoff
  • High: Malakoff

Want to see how these schools compare? Check out our Henderson County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 721 Midway Rd?

The most recent public record shows annual property taxes for 721 Midway Rd were approximately $4,798. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $60 paid annually.

Is 721 Midway Rd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.

Last Updated: November 13, 2026 at 10:55AM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21390447