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  • 2 Beds
  • 2 Baths
  • 1,345 Sqft
  • 4 Garages
  • 10.03 Acres
  • 2006 Year Built
  • Study
  • Game Room
  • Media
  • Pool
  • 2 Beds
  • 2 Baths
  • 1,345 Sqft
  • 4 Garages
  • 10.03 Acres
  • 2006 Year Built
  • Study
  • Game Room
  • Media
  • Pool

545 Compass Way
Bluff Dale, Texas 76433-4280

County: Erath Mountain Lakes

Welcome to your own Hill Country retreat in the sought-after Mountain Lakes community! This charming 2-bedroom, 2-bath log home offers warmth, character, and breathtaking views of the surrounding hills and nearby lake. The inviting open-concept floor plan is centered around a stunning floor-to-ceiling rock fireplace, creating the perfect gathering space for family and friends. An attached 4-car garage provides ample room for vehicles, recreational toys, and additional storage. Enjoy spectacular sunrises, peaceful evenings, and abundant wildlife from the expansive covered porch, spacious deck, and upper-level balcony—each designed to showcase the beautiful Hill Country and lake views. A gated entrance and paved driveway lead to the home, offering both privacy and convenience. For those needing exceptional workspace or storage, the impressive 2,500± sq. ft. shop is truly a rare find. Foam insulated and equipped with electricity, lighting, and water, it features two finished rooms with mini-split HVAC systems, a reinforced concrete foundation designed for a 30-amp automotive lift, a 50-amp RV outlet, and four overhead roll-up doors, including an oversized door ideal for an RV, boat, or large equipment. Whether you're a hobbyist, craftsman, entrepreneur, or car enthusiast, this incredible shop offers endless possibilities. Experience the lifestyle Mountain Lakes is known for with two private lakes—one stocked for fishing and the other for recreation—along with a community pool, RV park and storage, community garden, playground, and exercise park. Conveniently located just minutes from Granbury, Stephenville, and Weatherford, this property offers a great balance of peaceful country living. If you've been searching for a property that combines rustic charm, spectacular views, and an extraordinary shop, this Hill Country gem is one you won't want to miss.

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Tax Value @ 100% of Sales Price, HOA Included
Tax Value @ 85% of Market Value, HOA Not Included

Essential Information

  • Price$658,000
  • Est. Payment /m
  • Reduced By$40,000
  • Cumulative Days on MarketUnlock
  • MLS® #21333315
  • Bedrooms2
  • Bathrooms2.00
  • Square Footage1,345
  • Acres10.03
  • Year Built2006
  • Built Desc.Preowned
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StyleLoft
  • StatusActive
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Quick Valuation Analysis from 16 Active and 34 Sold Listings

Pricing Trends from 16 Active Listings in Mountain Lakes

This Home's Price $658,000 This Home's Price Per SqFt $
Average Price $607,650 Average Price Per SqFt $
Highest Price $925,000 Highest Price Per SqFt $
Lowest Price $419,000 Lowest Price Per SqFt $

Pricing Trends from 34 Sold Listings in Mountain Lakes

This Home's Price $658,000 This Home's Price Per SqFt $
Average Price $495,968 Average Price Per SqFt $
Highest Price $775,000 Highest Price Per SqFt $
Lowest Price $320,000 Lowest Price Per SqFt $

Property Details

School Information

Community

  • Address545 Compass Way
  • SubdivisionMountain Lakes
  • CityBluff Dale
  • CountyErath
  • StateTexas
  • Zip Code76433-4280
  • HOAMandatory
  • HOA Fees$590
  • HOA Fees FrequencyAnnually
  • FeaturesBoat Ramp, Club House, Community Dock, Community Pool, Fishing, Lake, Park, Playground, RV Parking
  • UtilitiesAerobic Septic, All Weather Road, Asphalt, Co-op Electric, Co-op Water, Outside City Limits, Phone Available, Rural Water District
  • Taxes6333

Amenities

  • # of Garages4
  • GaragesAdditional Parking, Covered, Electric Gate, Garage Door Opener, Garage Faces Side, Kitchen Level, Paved, RV Garage, Storage
  • WaterfrontLake Front - Common Area

Interior

  • Interior FeaturesHigh Speed Internet Available, Loft, Vaulted Ceiling(s)
  • FloorsCarpet, Simulated Wood, Tile
  • FireplaceYes
  • # of Fireplaces1
  • FireplacesWood Burning

Exterior

  • Exterior FeaturesBalcony, Covered Patio/Porch, Storage
  • FenceNone
  • Lot DescriptionAcreage, Corner Lot, Lrg. Backyard Grass, Many Trees, Subdivision, Water/Lake View

Construction Details / Floorplan

  • Living Areas1
  • Full Baths2
  • RoofMetal
  • FoundationSlab
  • ConstructionLog

Energy Efficiency / Green Features / Heating & Cooling

  • HeatingCentral, Electric

Private Listing Information (Registration Required)

Listing Details

  • AgentPaula Donaho
  • OfficeDonaho Real Estate Group
  • Office Contact254-595-0066

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Listing information last updated on November 6th, 2026 at 8:32am CST.