505 Bub Hayner Rd, Karnack, TX 75661
Property image
Property image
FOR SALE
NEW - 1 DAY AGO

505 Bub Hayner Rd
Karnack, TX 75661

  • Studio

$1,050,000

Est. Mortgage $6,359/mo*
Get Pre-Qualified

$1,050,000

Est. Mortgage $6,359/mo*
Get Pre-Qualified
Studio
We estimate this home will sell faster than 88% nearby.

Home Highlights

Parking
Carport
Outdoor
Patio, Deck
Climate Control
Central & Central Air
Listed
1 day ago

Local Information

  • Map ViewExplore the area around 505 Bub Hayner Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School
  • Shop & Eat
-- mins to
Commute Destination

About this House

RARE INCOME-PRODUCING OPPORTUNITY NEAR THE ICONIC WATERS OF CADDO LAKE! Welcome to The Cove at 505 Bub Hayner Road in Karnack, Texas, where strong investment potential, acreage, and the East Texas lake lifestyle come together in one truly unique property. Situated on approximately 7.7 acres and offered at $1,050,000, this established investment property features 14 total rentals, including two RV sites with additional RV accommodations in the works, creating multiple streams of income with even more potential for future growth. The residential units offer a desirable mix of floor plans ranging from one-bedroom/one-bath and two-bedroom units to spacious three-bedroom/two-bath residences, appealing to a variety of tenants. One of the property’s greatest strengths is its consistent rental history. The units have historically maintained strong occupancy and consistently stay rented, providing an established income stream for the next owner. Many of the units have also been updated, making this an attractive opportunity for an investor looking to step into an operating rental property rather than start from the ground up. Based on the seller-provided 2025 T12 and reported net operating income, the property reflects an approximate 11.7% cap rate at the current $1,050,000 asking price. T12 and additional financial information are available to qualified buyers for review. What truly sets The Cove apart is the setting. Residents and guests can enjoy a private boat ramp and fishing pier, providing convenient access to the incredible outdoor lifestyle surrounding Caddo Lake. The existing RV sites provide an additional source of revenue, while planned additional RV accommodations offer even more potential for a future owner to expand the property’s income-producing capabilities. An additional on-site building creates another exciting opportunity and could potentially be transformed into a laundry facility, snack shop, convenience area, or additional tenant amenity. Aerobic systems are already in place, adding to the property’s existing infrastructure. With 14 rentals, strong and consistent occupancy, multiple income streams, an approximate 11.7% cap rate based on seller-provided financials, 7.7 acres, RV accommodations, private water access, and additional upside potential, The Cove offers an investment opportunity that is increasingly difficult to replicate. Own the income. Own the acreage. Own a piece of the Caddo Lake lifestyle. Offered at $1,050,000. Schedule your private tour today and discover the investment potential of 505 Bub Hayner Road.
Last check for updates: about 8 hours ago
Listing courtesy of Sarah Johnston, (903) 220-9053
Julie Woods & Associate RE Firm
Source: LGVBOARD, MLS#20265902
Also Listed on LGVBOARD.
We estimate this home will sell faster than 88% nearby.

Home Details for 505 Bub Hayner Rd

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Dining Room
Appliances & Utilities
Utilities: Electricity AvailableAppliances: Electric Range/Oven, 2 Or More Ovens, Dishwasher, Vented Exhaust Fan, Plumbed For Ice Maker, Separate HeaterDishwasherLaundry: Laundry Room
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Living RoomHas a Fireplace
Gas & Electric
Electric: Electric, Separate Meter
Windows, Doors, Floors & Walls
Window: Skylight(s), Partial CurtainsFlooring: Carpet, Vinyl, Tile
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: Meets Wheelchair Req.Floors: Carpet, Vinyl, Tile

Exterior Features

Exterior Home Features
Roof: Composition Metal FlatPatio / Porch: Patio, DeckFencing: PartialFoundation: Slab, Pillar/Post/Pier, Combo Pier And Beam/Slab
Parking & Garage
Has a CarportNo GarageNo Open ParkingParking: Carport,Attached
Frontage
Road Surface Type: Paved

Days on Market

Days on Market: 1

Property Information

Year Built
Year Built: 1988
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Frame, Brick, Other
Property Information
Parcel Number: 56319

Price & Status

Price
List Price: $1,050,000

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: KarnackCommunity: Leisure Cove

Agent Information

Listing Agent
Listing ID: 20265902

Offer

Listing Terms: Cash, Owner Finance, Conventional

Miscellaneous

Mls Number: 20265902Living Area Range Units: Square Meters

Around this home

Home Value

Trulia Estimate
$990K
Since last month
Increased$487K (+97%)
Since last year
Increased$538K (+119%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +117% in the last 10 years
MonthEstimated value
2026
August 2026$990K
July 2026$503K
June 2026$466K
May 2026$431K
April 2026$447K
March 2026$422K
February 2026$424K
January 2026$408K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
15134 FM 9 N, Karnack, TX 75661
0.08
$240,900
3
2
2,304
Off Market
110 Private Road 2624, Karnack, TX 75661
0.05
-
3
3
3,194
Recently Sold
Tbd Big Lake Rd, Karnack, TX 75661
0.44
-
-
-
-
Off Market
523 Big Lake Rd, Karnack, TX 75661
0.52
$340,000
2
1.5
1,456
For Sale

Price and Tax history

DateEventPrice
Aug 18, 2026
Source: LGVBOARD #20265902
Listed For Sale
$1,050,000
Jan 31, 2024
Source: LGVBOARD #20237308
ListingRemoved
Dec 18, 2023
Source: LGVBOARD #20237308
Listed For Sale
$850,000

LGBTQ Local Legal Protections

Sarah Johnston, Julie Woods & Associate RE Firm
Agent Phone: (903) 220-9053
Copyright 2026 Longview Area Association of REALTORS®. All rights reserved. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 505 Bub Hayner Rd

  • What is the estimated monthly payment for 505 Bub Hayner Rd?
    Based on a $1,050,000 list price with 20% down at today's rates, the estimated monthly payment for 505 Bub Hayner Rd in Karnack, TX is approximately $6,450 (about $5,439 principal & interest, $936 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What are the closest schools to 505 Bub Hayner Rd?
    The closest schools to 505 Bub Hayner Rd in Karnack, TX are George Washington Carver Elementary School (Pre-K/Middle, rated 5/10).
  • What is 505 Bub Hayner Rd estimated to be worth?
    Trulia's estimated value for 505 Bub Hayner Rd in Karnack, TX is $990,000.
  • Does 505 Bub Hayner Rd have air conditioning?
    Yes, 505 Bub Hayner Rd in Karnack, TX has air conditioning.
  • Does 505 Bub Hayner Rd have laundry facilities?
    Yes, 505 Bub Hayner Rd in Karnack, TX has laundry facilities.
  • Does 505 Bub Hayner Rd have parking?
    Yes, 505 Bub Hayner Rd in Karnack, TX has on-site parking.
505 Bub Hayner Rd, Karnack, TX 75661 is a studio multi-family built in 1988. This property is currently available for sale and was listed by LGVBOARD on Aug 18, 2026. The MLS # for this home is MLS# 20265902.