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Financing available

$275,000

178 Indian Gap Drive, Mabank, TX 75156

2
beds: 1
baths: 1,104
sqft

Est. with seller financing: $2,413/mo

Single-family
Built in 1985
7,231 sq ft lot
$249/sqft
$15/mo HOA
Henderson County

Interested in this home?

Seller financing is available to qualified buyers.

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About this home

This bungalow-style lake house sits on a large deepwater, quiet cove, with waterfront views. The 2-bedroom, 1-bath home with BONUS ROOM, is newly updated and features an efficient layout with comfortable living spaces and practical functionality. Step outside to relax on the wrap-around porch, or head to the covered dock, complete with a boat lift, ready for time on the water. This lot includes 2 fully insulated bonus buildings with electricity; a 12x10 storage building or workshop and a 16x12 bunk house, complete with french doors and a front porch. The Cherokee Shores neighborhood is complete with access to a private boat ramp, community pool, basketball and tennis courts.

Facts & features

Interior

Features

High Speed Internet
Cable Tv
Natural Woodwork

Heating & cooling

Heating: Central, Electric, Fireplaces
Cooling: Central Air

Flooring

Tile
Wood

Appliances

Dishwasher
Disposal

Fireplace

Fireplaces: 1
Wood Burning

Laundry

Washer Hookup
Dryer Hookup

Exterior & lot

Features

Balcony
Boat Slip
Deck
Dock
Storage

Construction

Style: Detached
Stories: 1
Roof: Composition
Foundation: Pillar Post Pier
Materials: Board And Batten Siding, Frame, Wood Siding

Parking

Driveway
Gravel

Lot

Native Plants
Waterfront
Retaining Wall
View: Water

Community

Neighborhood

Subdivision: Cherokee Shores Div Sec D

HOA

Cherokee SHores Owner Assc

Schools

District: Eustace ISD
Elementary: Eustace
Middle: Eustace
High: Eustace

Financial & listing details

Listing

Price per sq ft: $249
County: Henderson
Financing: Financing available from HFP, powered by Doorly

Estimated payment with seller financing

Est. seller-financed payment

$2,413/mo

Down payment10% ($27,500)10%20%

Check Your Financing Options

Principal & interest: $1,991/mo
Property taxes: $279/mo
Homeowners insurance (est.): $128/mo
HOA dues: $15/mo

Loan amount: $247,500
Seller financing rate (est.): 9.00%
Term: 30-year fixed

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This estimate uses our seller financing program's rate. Taxes are from listing data and insurance is estimated. Your actual payment may be higher. Estimate only. Your final rate, payment, and terms are based on approval. This is not a commitment to lend.

Location

Love this home?Let's find a way to make it yours.

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A traditional mortgage isn't the only way to buy a home.

If you're self-employed, have a lower credit score, use an ITIN, or have been turned down for a mortgage, you may have another option.

Our financing program has different qualification guidelines for eligible buyers. Check your options before you rule out this home.

Available to qualified buyers from HFP, powered by Doorly, only on this site. The seller and listing agent are not affiliated with HFP and cannot offer this program directly. All financing is subject to underwriting, eligibility, program guidelines, and approval.

Check Your Financing Options

How our financing program works

1
Get qualified
Answer a few quick questions and see the down payment you'd need. It takes about a minute and doesn't pull your credit.
2
Make it your home
Once you're approved, our lending partner buys the home from the seller at closing. The seller is paid in full and never carries a loan.
3
Own it
It resells the home to you at the same closing, with financing, so the title is in your name.

This is different from traditional seller financing, where the seller lends you the money. See the full requirements

Listing courtesy of Morgan Stone, New Home DFW · MLS #21327206 · 469-321-5201

Listing information provided by North Texas Real Estate Information Systems (NTREIS) through IDX. MLS status: Active (available for sale). Information is deemed reliable but not guaranteed and should be independently verified. NTREIS data is for viewing on this site only and may not be reproduced or redistributed. Last updated Oct 9, 2026.