Malakoff Homes under $500,000

Welcome to Malakoff, Texas – a hidden gem nestled in Henderson County that perfectly blends small-town charm with modern conveniences. This vibrant community is situated near the picturesque shores of Lake Palestine, offering residents a serene lifestyle with a backdrop of natural beauty. With a population of just over 2,000, Malakoff boasts a tight-knit atmosphere where neighbors become friends and families thrive.

In Malakoff, you’ll find a variety of homes under $500,000, making it an ideal destination for first-time homebuyers, families, and retirees alike. The real estate market here features a delightful mix of quaint cottages, spacious single-family homes, and contemporary builds, ensuring there’s something for everyone. Many properties come with ample outdoor space, perfect for gardening, entertaining, or simply enjoying the Texas sunshine.

The town is known for its friendly residents, excellent schools, and local parks, providing plenty of recreational opportunities for all ages. Whether you’re fishing at Lake Palestine, exploring nearby hiking trails, or participating in community events, Malakoff offers a lifestyle that is both peaceful and engaging.

With its affordable housing options and welcoming community spirit, Malakoff is the perfect place to call home. If you’re looking for a place where you can truly enjoy life at an affordable price, explore the homes available in Malakoff today and discover your new sanctuary in East Texas!

Newest Malakoff Homes under $500,000

$430,000

3 Beds ⋅ 2 Baths ⋅ 21408855 MLS

Custom home on 3 lots with large trees, fabulous outdoor deck and large backyard. You have a perk of having lake access when the water is up on Cedar Creek Lake. Inside, 3 bedrooms with split design with primary bedroom on one side with large bathroom with beautiful walk in shower and separate jacuzzi tub,. Double vanities and double closets. Open living area with gorgeous stone WBFP. Split level from kitchen and dining down to the living area allows easy communication when entertaining. Galley style kitchen with granite countertops and stainless appliances and solid wood cabinets and large pantry. Second bedroom on waterside is large with tons of natural light. 3rd bedroom in the center with large closet and door to share hall bathroom. Convenient office space with exterior door is currently being used for closet and storage. Also a bonus space off of hallway can be a small office or computer station for the kids. Located in restricted subdivision on quiet cul de sac road. Corner location and 3 lots allow for HUGE yard with extra TRWD land adjacent. Steps down to the water for fishing or future boating or paddle boarding in you desire. At full pool, there is water in the large channel. Partially fenced yard for dogs and kids safety. Plenty of room to grow. Large storage building for lawn equipment storage and also includes vacant lot across the street. Beautiful custom home with tons of potential. Property owners have access to a pool,tennis court, and boat launch for the use of the property owners and included with the annual dues. Home sold AS-IS, furnishings are available.

5280 Loma Vis, Malakoff

$369,000

3 Beds ⋅ 2 Baths ⋅ 21406749 MLS

Stunning custom mid-century modern A-frame designed by Kim Lewis and built by Sabado Builders, nestled among mature trees in the lake community of Point La Vista. This architecturally striking home offers 3 bedrooms and 2 bathrooms and backs to a peaceful pond. The open-concept living area showcases dramatic 21-foot Douglas Fir wood ceilings and an expansive water-view window wall with 16-foot sliding patio doors, filling the home with natural light and framed by custom zebra blinds. The space is anchored by an imported vintage Preway wood-burning fireplace and complemented by built-in shelving, creating a warm and inviting focal point. The kitchen blends style and functionality with quartz countertops, bar seating, custom almond cabinetry, a stainless steel dishwasher and range, and panel front built-in Fisher & Paykel refrigerator, creating a seamless and modern aesthetic. The first floor features two bedrooms and a full bathroom with a walk-in shower and terrazzo tile, along with a conveniently located laundry area where the apartment-size washer and dryer convey. Upstairs, the primary suite features soaring ceilings, an ensuite bath with soaking tub, white terrazzo tile, custom windows blinds and an office nook on the landing—ideal for a workspace. Outside, enjoy a concrete driveway with covered parking, fenced side yard with pea gravel area, and tranquil pond views that enhance the home’s peaceful setting. Located in the Point La Vista lake community, residents enjoy amenities including a community pool, frisbee golf course, and boat dock with launch access to Cedar Creek Lake. This one-of-a-kind A-frame blends modern design, nature, and lake living, making it an ideal full-time residence, weekend retreat, or short-term rental opportunity packed with personality! Additional highlights include luxury vinyl plank flooring throughout, custom remote zebra blinds, four mini-split HVAC units, spray foam insulation, transferable starlink internet.

5706 Point Lavista, Malakoff

$214,900

2 Beds ⋅ 2 Baths ⋅ 21387345 MLS

Coming Soon - Nestled in the heart of Malakoff, TX, a Cedar Creek Lake community, this charming property exudes vintage charm with a modern twist. Stepping inside, original hardwood floors grace the main living areas and 2 bedrooms, evoking a sense of timeless elegance. The 1960s vintage tile bathroom adds to the property's nostalgic allure, offering a glimpse into the past while providing modern comfort. Situated on two lots, the property offers endless potential for expansion, whether it be for a future home or an accessory dwelling unit (ADU). Its prime location on Hwy 198, across from the elementary school, and adjacent to a daycare, presents an exciting opportunity for a possible commercial venture catering to the needs of the ISD. With its proximity to historic downtown - this property serves as a gateway to the vibrant culture and lifestyle of Malakoff.

401 N Terry St, Malakoff

$245,000

3 Beds ⋅ 2 Baths ⋅ 21395720 MLS

Leave the city behind and embrace the tranquility of Cedar Creek Lake living or make this your next investment! This 3-bedroom, 2-bath home offers approximately 1,500 sq. ft. of modern yet inviting living space, situated on a large lot with plenty of potential and room for your boat, trailer, storage, and more. Inside, you’ll find high vaulted ceilings, sleek flat-stock baseboards, black windows, modern checker-style doors, and ceiling fans in every bedroom. Located in one of the desirable communities on Cedar Creek Lake, this is where lake life and nature come together. Wildlife is often seen roaming throughout the neighborhood, while community amenities include a boat ramp, swimming pool, basketball court, picnic area, and stocked pond for fishing. Imagine spending the day on the lake, then hopping on your golf cart for an evening ride while enjoying a beautiful Texas sunset. Whether you’re looking for a full-time home, weekend getaway, or investment opportunity, this property offers space, simplicity, and the laid-back lake lifestyle.

4924 Boca Chica, Malakoff

$269,900

3 Beds ⋅ 2 Baths ⋅ 21394173 MLS

Your East Texas getaway awaits! Nestled in desirable Point La Vista community.This charming 3 bedroom,2 bath home sits on 3 lots totaling just over .50 acres and offers the perfect blend of relaxed lake-area living, character, and everyday comfort. Outdoor living spaces are where this home truly shines.Step onto the large back deck and take in tranquil views of the spring-fed,year-round pond while watching wildlife from your own backyard. A built-in outdoor fireplace creates the perfect gathering spot for cool evenings,while the stone patio offers another inviting space to enjoy the scenery. Fully fenced yard includes a sprinkler system and a well-maintained 12x24 storage shed with electricity for tools, equipment, hobbies, or storage.Irrigation system features a new programmable control and pumps directly from the pond. Inside, hardwood flooring runs throughout the home, adding warmth and timeless character. Main level features primary bedroom,full bathroom,kitchen,dining room,washer and dryer hookup,living room with double door access to deck and outdoor living.Two additional bedrooms and a second bathroom are upstairs.Back bedroom opens onto a private balcony, perfect for morning coffee or enjoying the surroundings. Updates include a Blue Light air filtration system added to the HVAC system. Point La Vista residents enjoy a relaxed, golf-cart-friendly atmosphere with amenities including a swimming pool, open-air pavilion, tennis court, disc golf course, residents-only boat ramp, and storage lot. Walking distance to Cedar Creek Lake. With its peaceful setting, generous outdoor space, multiple gathering areas,hot tub hookup,private balcony, storage shed with electric, golf-cart-friendly neighborhood, easy access to community amenities, and potential income-producing opportunity, this is more than a home,it’s a place to escape, unwind, make every day feel a little more like vacation, or simply escape for weekends.

5650 Point Lavista, Malakoff

$245,000

3 Beds ⋅ 2 Baths ⋅ 21390993 MLS

Escape the city and embrace the tranquility of Cedar Creek Lake living or make this your next investment! This 3-bedroom, 2-bath, 1,550 sq. ft. home sits on a spacious corner lot with plenty of potential and room for your boat, trailer, storage, and more. Inside, modern style meets a warm, homey feel with soaring 12-ft ceilings, sleek flat-stock baseboards, black windows, doors, and sliding glass doors, and more. Located in one of the desirable communities on Cedar Creek Lake, you’ll enjoy peaceful surroundings where wildlife is often seen roaming through the neighborhood, along with low property taxes and community amenities including a boat ramp, pier, swimming pool, basketball court, picnic area, and a stocked pond located right across the street. Imagine spending your days on the lake, then hopping on the golf cart for an evening ride while taking in the sunset. Whether you’re looking for a full-time home, weekend lake escape, or investment opportunity, this property offers the space, setting, and laid-back lake lifestyle you’ve been looking for.

4957 La Prada, Malakoff

$229,000

3 Beds ⋅ 2 Baths ⋅ 21386104 MLS

BRAND NEW CONSTRUCTION in Malakoff! This beautifully designed home features an open-concept floor plan, perfect for modern living and entertaining. The kitchen boasts granite countertops, stainless steel appliances, and a large island overlooking the spacious living and dining areas. The primary suite offers a private en-suite bath and walk-in closet. Enjoy energy-efficient construction, abundant natural light, and quality finishes throughout. Located just minutes from Cedar Creek Lake, this home is ideal for boating, fishing, and lake-life enthusiasts — or as a peaceful full-time residence. Don't miss this opportunity to own a like-new home in a prime Malakoff location!

292 Harris Blvd, Malakoff

$414,500

4 Beds ⋅ 2 Baths ⋅ 21374139 MLS

Affordable lake living with a brand-new roof, large shop, solar panels that help keep electric bills low, and open water views from a protected, wide cove! This spacious 4-bedroom, 2-bath Palm Harbor home offers sought-after east-facing views, where you can enjoy beautiful sunrises over the lake every morning. Inside, the open-concept floor plan brings the kitchen and living area together, creating a comfortable space for everyday living and entertaining. The kitchen features a large island and abundant cabinetry, while new flooring and a wood-burning fireplace add to the appeal. The primary suite offers a large jetted tub and its own dedicated water heater, and the oversized laundry room provides exceptional storage. Surrounded by walls of windows, the enclosed porch is the perfect place to relax, enjoy your morning coffee, and take in the lake views in any season. There's plenty of room outside to make the most of lake life! Enjoy the wraparound porch, unwind in the screened gazebo, or put the additional storage building with a covered porch to use as a bunkhouse, hobby room, or game room. The oversized garage or shop offers plenty of space for vehicles, boats, lake toys, tools, and projects. Located just steps from the neighborhood boat ramp, getting out on the water is easy. The protected cove offers a calmer setting to enjoy the lake, while the home's extra spaces provide room for family, friends, and weekend guests. The solar panels will be paid off at closing, and two 50-gallon water heaters provide plenty of hot water. Whether you're looking for a full-time lake home, a weekend getaway, or a potential short-term rental investment, this property offers space, water views, and extras that are hard to find at an affordable price. Come see all this lake property has to offer and start planning your next lake escape! Call today to schedule your showing.

175 Kings Row, Malakoff

$110,000

3 Beds ⋅ 1 Baths ⋅ 21361708 MLS

Cash only opportunity awaits at 410 Oak Street in Malakoff! Priced at just $110,000, this one-owner home has been in the same family since it was built in 1964 and is ready for its next chapter. Offering 3 bedrooms, 1 spacious bathroom, a comfortable living area, breakfast nook and generously sized kitchen, the home has a functional layout with plenty of potential to make it your own. Several of the larger improvements have already been addressed, including a new roof in 2024, foundation leveling in 2022, updated electrical wiring and panel, replaced stove, and newer toilet and shower fixtures. The HVAC was replaced approximately 10–15 years ago. A newer washer and dryer will also remain with the home. The furnace and stovetop are gas, with city water, city sewer and natural gas service through Atmos Energy. Outside, you'll find a circle drive, attached 2-car garage with additional storage, and a huge fenced backyard shaded by mature pecan and fruit trees. A storage shed provides even more space for lawn equipment, tools or hobbies. Much of the interior remains original, and the home does need cosmetic updating, along with some exterior siding repair and removal or replacement of the older back patio. The condition is reflected in the price, making this a great opportunity for a buyer who wants to improve a home over time or an investor looking for their next project. With a large lot, mature trees, functional floor plan and several major improvements already completed, there is a lot of potential here for $125,000. Motivated seller—bring your ideas and your offer!

410 Oak St, Malakoff

$79,900

1 Beds ⋅ 1 Baths ⋅ 21377747 MLS

Investor Special with Country Charm in Malakoff! Bring your vision to this 1951 farmhouse situated on approximately 0.35 acres in Malakoff, Texas. Offering 749 square feet, this one-bedroom, one-bath home features a traditional layout with a separate living room, dining room, and kitchen. The property has previously been used as a rental and is ready for its next chapter. This home is in need of renovation, making it a great opportunity for an investor, handyman, or buyer looking for a project with plenty of potential. A metal roof and two metal outbuildings add extra value and provide convenient space for storage, tools, or equipment. Enjoy the feel of a peaceful country setting while still being just minutes from the everyday conveniences of Malakoff. Located within Malakoff ISD, this property offers a great combination of location, lot size, and possibilities. Whether you're looking for your next investment, rental renovation, or a small farmhouse to restore and make your own, this property is ready for someone with the vision to bring it back to life!

406 S Carter Rd, Malakoff

$289,900

3 Beds ⋅ 2 Baths ⋅ 21376733 MLS

Welcome to this beautiful new construction home near the lake, where modern design, comfortable living, and an incredible lifestyle come together. Enjoy access to fantastic community amenities, including a refreshing pool, lake access, and beautiful natural scenery that make every day feel like a getaway. Inside, you’ll find a spacious open-concept layout designed for both everyday living and entertaining. The thoughtfully designed floor plan offers plenty of natural light, generous living spaces, and large closets with abundant storage. Beautiful finishes throughout the home add a modern, polished touch, while the comfortable bedrooms and inviting living areas create the perfect space to relax and make memories. Whether you're looking for a peaceful retreat, a place to entertain, or a home where you can enjoy everything lake life has to offer, this new construction home is ready to welcome you home.

4705 Point La Vis, Malakoff

$380,000

4 Beds ⋅ 3 Baths ⋅ 21374059 MLS

Welcome to country living at its best! This 5.24 acre property offers the perfect combination of space, privacy, and convenience, located close to town while still providing the peaceful feel of the country. The 4-bedroom, 2.5-bath home features an open floor plan and numerous updates. The kitchen was remodeled in 2019 and includes custom cabinetry and granite countertops. The living and dining areas were remodeled in 2017, and the bathrooms were updated in April 2017. New windows throughout were installed in 2024. Outside, the property offers plenty of room for your needs with RV parking and hookups, a 2 car open garage carport, workshop, storage building, and a fenced area with shelter for your favorite farm animal. Bring your animals, RV, hobbies, and outdoor equipment and enjoy the space and flexibility this property provides. A great opportunity to enjoy the country lifestyle without being far from town!

621 Fm 3441, Malakoff

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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