$645,000
$50K PRICE DROP

117 W Lake Dr Medicine Park, OK 73557

Estimated payment $3,835/month

Total Views 9,771
3 Beds
2 Baths
2,614 Sq Ft
$247 Price per Sq Ft

Highlights

  • Waterfront
  • Creek On Lot
  • Covered Patio or Porch
  • Craftsman Architecture
  • 2 Fireplaces
  • Balcony

About This Home

Experience waterfront living in this stunning custom home, perfectly situated with breathtaking views of the creek and historic bridges in downtown Medicine Park. Originally built in 2007 and expanded in 2014, the home now features a spacious 3-car garage and approximately 600 square feet of additional living space.
Step inside to find two cozy gas log fireplaces, dual heating and air units for year-round comfort, and a new addition insulated with 12” foam and floored attics for added efficiency. A spacious upstairs living area offers panoramic creek views through oversized windows, while three patios—two upstairs (one open and one covered) and one covered downstairs—provide inviting spaces to relax or entertain.
The lower level features brand-new flooring and a flexible area perfect for an office or storage. On the middle level, enjoy warm wood floors, a charming living room with a cobblestone and wood fireplace, plus a guest bedroom and full bath. The top floor showcases additional wood flooring throughout the kitchen, dining area, den, and master suite, complete with a luxurious bathroom featuring a whirlpool tub and separate shower. Both the dining area and master suite open to the upper wood deck for elevated outdoor enjoyment.
Custom woodwork, vaulted ceilings, and expansive windows enhance the home’s distinct charm. Currently operating as an Airbnb, this home comes fully furnished and is completely set up for short-term rental use—making it a turn-key investment opportunity or an ideal vacation retreat.
Located just minutes from the Wichita Mountains Wildlife Refuge, Lake Lawtonka, and only 15 minutes from Lawton/Ft. Sill, this one-of-a-kind home blends natural beauty, thoughtful design, and income potential. Schedule your private showing today and experience the unique lifestyle Medicine Park has to offer.

Listing Agent

Hai Nguyen

Luxury Real Estate Listed on: 04/12/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,838

Year Built

  • Built in 2007

Lot Details

  • 9,753 Sq Ft Lot
  • Waterfront

Parking

  • 3 Car Attached Garage

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Tri-Level Property
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,614 Sq Ft Home
  • 2 Fireplaces
  • Gas Log Fireplace
  • Water Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Creek On Lot
  • Balcony
  • Covered Patio or Porch

Schools

  • Elgin Elementary School
  • Elgin Middle School
  • Elgin High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 9 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,838

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Craftsman, Traditional
  • Property Sub Type: Single Family
  • Legal Addition: Water Walk
  • Mandatory Association Dues Yn: No
  • Property Level: Tri
  • School Junior High: Elgin MS
  • Special Zoning District Yn: No
  • Storm Shelter: Safe Room
  • Third Party Comments: No
  • Year Built: 2007
  • HistoricalDesignationYN: No
  • Model Home: No
  • PropertyBuildSTATUS: Existing
  • Special Features: None

Interior Features

  • Fireplace Description: Gas Logs
  • Fireplaces: 2
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Living Areas: 2
  • Total Sq Ft: 2614

Exterior Features

  • Construction: Frame
  • Pool: No
  • Exterior Features: Balcony, Covered Patio, Covered Porch, Open Patio
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Garage Capacity: 3
  • Garage Description: Attached

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Gas

Schools

  • Elementary School: Elgin ES
  • High School: Elgin HS

Lot Info

  • Acres: 0.2239
  • Land Sq Ft: 9753
  • Lot Description: Creek, Waterfront, Waterview

Tax Info

  • Tax Block: 1
  • Tax Lot: 9

MLS Schools

  • School District: Elgin

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,838 $41,689 $10,246 $31,443
2023 $3,838 $39,295 $9,808 $29,487
2022 $3,613 $37,424 $9,467 $27,957
2021 $3,280 $35,642 $9,141 $26,501
2020 $3,124 $33,945 $8,803 $25,142
2019 $2,964 $32,329 $8,474 $23,855
2018 $2,655 $30,790 $8,161 $22,629
2017 $2,325 $29,323 $7,875 $21,448
2016 $2,423 $29,939 $11,702 $18,237
2015 $2,226 $28,515 $3,938 $24,577
2014 $2,220 $28,515 $3,938 $24,577
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $645,000 -7.2% $247 / Sq Ft
04/12/2025 04/12/25 For Sale $695,000 -- $266 / Sq Ft
Source: MLSOK

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed -- --
Trustee Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $157,906 New Conventional
Previous Owner $157,000 Unknown
Previous Owner $139,500 Unknown
Source: Public Records

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Source: MLSOK

MLS Number: 1164612

MLSOK

APN: 0085695