For sale

$399,500

721 Midway Rd, Tool, TX 75143

3beds

1,672sqft

$3,372/mo

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Single Family Residence

Built in 2011

0.65 Acres Lot

$386,300 Zestimate^®

$239/sqft

$5/mo HOA

What's special

Cozy fireplaceOversized detached garageFenced yardSplit bedroom floor plan

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.

164 days
49
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: First
Dimensions: 0 x 0

Bedroom

Level: First
Dimensions: 0 x 0

Bedroom

Level: First
Dimensions: 0 x 0

Living room

Level: First
Dimensions: 0 x 0

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Dishwasher, Electric Oven, Microwave, Vented Exhaust Fan

Features

Open Floorplan, Other
Has basement: No
Number of fireplaces: 1
Fireplace features: Propane

Interior area

Total interior livable area: 1,672 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Accessibility

Accessibility features: Accessible Doors

Features

Levels: One
Stories: 1
Pool features: None
Fencing: Chain Link
On waterfront: Yes
Waterfront features: Lake Front

Lot

Size: 0.65 Acres
Features: Irregular Lot

Details

Parcel number: 37450000136063

Construction

Type & style

Home type: SingleFamily
Architectural style: Detached
Property subtype: Single Family Residence

Materials

Frame
Foundation: Slab
Roof: Composition

Condition

Year built: 2011

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Municipal Utilities, Sewer Available, Water Available

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Paradise Bay

HOA

Has HOA: Yes
Services included: Association Management
HOA fee: $60 annually
HOA name: PARADISE BAY POA
HOA phone: 000-000-0000

Location

Region: Tool

Financial & listing details

Price per square foot: $239/sqft
Tax assessed value: $538,656
Annual tax amount: $4,798
Date on market: 3/17/2026
Listing terms: Cash,Conventional,FHA

Estimated market value

$386,300

$367,000 - $406,000

$2,248/mo

Price history

Date	Event	Price
3/17/2026	Listed for sale	$399,500-11.1%$239/sqft
Source: Henderson County BOR #112498 Report a problem
7/15/2025	Listing removed	$449,500$269/sqft
Source: NTREIS #20910395 Report a problem
4/21/2025	Listed for sale	$449,500-10%$269/sqft
Source: Henderson County BOR #108829 Report a problem
8/1/2024	Listing removed	$499,500$299/sqft
Source: Henderson County BOR #106147 Report a problem
6/26/2024	Listed for sale	$499,500$299/sqft
Source: NTREIS #20657523 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,624 +11.1%	$321,290 +10%
2024	$2,361 -18.3%	$292,082 +10%
2023	$2,890 -4.9%	$265,529 -49.6%
2022	$3,039 -8.4%	$527,260
2021	$3,319 +2.9%	--
2020	$3,226 -8%	--
2019	$3,508 +127.6%	$150,110 +124.7%
2018	$1,541 +1.1%	$66,810 +1.1%
2017	$1,524 +0.1%	$66,080
2016	$1,523 +2%	$66,080
2015	$1,492	$66,080
2014	$1,492	$66,080
2013	--	$66,080
2012	--	$66,080 +124.8%
2011	--	$29,400
2010	--	$29,400
2009	--	$29,400 +20%
2008	--	$24,500
2007	--	$24,500
2006	--	$24,500 +163.2%
2005	--	$9,310
2004	--	$9,310
2003	--	$9,310
2002	--	$9,310
2001	--	$9,310
2000	--	--
1999	--	--