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5510 Ridge Way, Malakoff, TX, 75148

2beds
2baths
2,088sqft
$499,000
$239price/sqft
$3,284/moest. monthly cost
$131,360/yrincome needed

About This Home

Looking for a cabin in the woods getaway? This waterfront secluded home sits in a lovely subdivision on a large open cove. If you want a woodsy, natural surrounding with elbow room and privacy, this is it! You enter on the second story which has an open living design with kitchen and living opening out onto a screened patio with elevated views across the water. There is an office area off of the kitchen that could be used for a small set of bunk beds. Home has two master suites, one up and one down with both stairs and an elevator. The lower level has a second living area complete with pellet stove that heats the whole home in the winter and gives the coziest feel! Oversized laundry and storage room perfect to store all the life vest and float toys! Fenced yard out back is ready for family pets. Well established lawns and mature trees surround this lovely lake cabin. VRBO and short-term rental is allowed. Perfect cove for kayaking, paddle boards and boating fun!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

7/10
6/10
Eustace Middle SchoolGrades 6-85.4 mi
6/10
Eustace High SchoolGrades 9-125.9 mi

Construction

Condition

  • Year built: 1986

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Other
  • Flooring: Other
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 2,088 sqft

Living Room

  • Level: First
  • Dimensions: 0 x 0

Master Bedroom

  • Level: First
  • Dimensions: 0 x 0

Property

Details

  • Parcel number: 23950000002030
  • Attached to another structure: Yes

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • On waterfront: Yes
  • Waterfront features: Lake Front,Waterfront
  • Waterbody name: Cedar Creek

Lot

  • Lot size: 0.37 Acres
  • Features: Landscaped,Waterfront

Parking

  • Total spaces: 1
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Hail
Heat Wave
Ice Storm
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$472$5,664
Property Taxes $51$612
Electricity $238$2,859
Total$3,284$39,408
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$112,594/yr
40% on housing$98,520/yr
45% on housing$87,573/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 3.9%
3.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$239This listing

vs Other Active Listings

Avg $/sqft

ZIP 75148$310
Henderson County$216

vs Homes Sold Last Month

Median $/sqft

ZIP 75148$189
Henderson County$172

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-04Listed for sale$499,000
2026-03-01Listing removed$499,000
2025-12-08Price change$499,000
2025-11-24Price change$525,000
2025-11-07Price change$669,000
2025-10-19Listed for sale$679,000
2023-09-05Listing removed$489,000
2023-06-03Listing removed--
2023-06-03Price change$489,000
2023-05-07Listed for sale$525,000
2023-04-06Listing removed--
2022-11-30Listing removed$590,000
2022-10-18Price change$590,000
2022-10-09Price change$594,000
2022-09-07Price change$595,000
2022-08-11Price change$599,900
2022-08-02Price change$610,000
2022-07-28Price change$613,000
2022-07-21Price change$613,900
2022-07-08Price change$614,500
2022-07-06Price change$615,000
2022-06-29Price change$619,900
2022-06-20Price change$624,900
2022-06-13Listed for sale$635,000
2018-02-01Listing removed$315,000

For Sale by Agent

AgentTammy Hosch
BrokerageTX Lake & Land Real Estate

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