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$550,000

Est. payment - /mo

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4 Beds

3 Baths

1,991 SqFt

Active

20531 S FM 4 Lipan, TX 76462

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James Biedenharn

The Biedenharn Team, Keller Williams Fort Worth

james@getsoldtexas.com +1(817) 870-8860

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Farm/Ranch

Listing Status Active

Purchase Type For Sale

Square Footage 1,991 sqft

MLS Listing ID 20928138

Bedrooms 4

Full Baths 3

HOA Y/N None

Year Built 2012

Lot Size 3.440 Acres

Acres 3.44

Property Sub-Type Farm/Ranch

Property Description

UNIQUE MULTI-HOME PROPERTY on 3.44 ACRES in Highly-Rated Santo ISD — Additional Land Available! Endless opportunities await just outside city limits! This rare and versatile multi-home property sits on 3.44 unrestricted acres in the sought-after Santo ISD—with the option to purchase more land! The main residence is a spacious 1,991 sq ft home featuring 2 large bedrooms, 2 full baths, and an oversized game room perfect for entertaining. Enjoy year-round comfort on the covered patio and carport. The second home offers 840 sq ft, 2 bedrooms, 1 bath, a cozy living area, full kitchen, utility room, and covered front and back porches—plus a rustic outdoor cowboy shower. Ideal for guests, rental income, or multigenerational living! Need even more space? The 144 sq ft detached cottage is equipped with a mini-split system and makes a great guest suite, office, or storage area. A standout feature is the 30 x 40 foam-insulated shop, complete with a 20 x 15 office, full bathroom, and endless space for a home business, car collection, or workshop. Separate electric meters for each structure .Main home on co-op water, other structures on well water .RV hookup already in place This property offers the freedom to live, rent, or run a business—all from one location! Whether you're an investor, a growing family, or someone looking for a work setup, this is your chance to own a truly unique setup with room to grow. Ask about purchasing additional acreage to expand your vision!

We have contacts for lenders for this specific property

Location

State TX

County Palo Pinto

Direction From I-20 take US 281 South to FM 4, turn right on FM 4 and property is approximately 2.7 miles on the right. GPS friendly. SOP

Rooms

Dining Room 1

Interior

Interior Features Cathedral Ceiling(s), Eat-in Kitchen, High Speed Internet Available, In-Law Suite Floorplan, Open Floorplan, Other

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Wall Unit(s)

Flooring Concrete, Laminate

Appliance Dishwasher, Electric Range, Electric Water Heater, Gas Range, Microwave, Plumbed For Gas in Kitchen

Heat Source Central, Electric

Laundry Electric Dryer Hookup, Utility Room, Full Size W/D Area, Washer Hookup

Exterior

Exterior Feature Covered Patio/Porch, Rain Gutters, Outdoor Shower, Private Entrance, RV Hookup, Storage

Fence Cross Fenced, Perimeter, Other

Utilities Available All Weather Road, Co-op Electric, Co-op Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Outside City Limits, Septic, Well

Roof Type Metal

Street Surface Gravel

Total Parking Spaces 4

Garage No

Building

Lot Description Acreage, Hilly, Lrg. Backyard Grass, Many Trees, Tank/ Pond

Story One

Foundation Slab

Level or Stories One

Structure Type Steel Siding

Schools

Elementary Schools Santo

Middle Schools Santo

High Schools Santo

School District Santo Isd

Others

Restrictions No Known Restriction(s)

Ownership Tax

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20928138

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Levi Gutierrez • Maverick Land Group, LLC