20531 S Fm 4, Lipan, TX 76462

$544,995
: 2
BD
: 2
BA
: 1,991
SqFt

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List Price: $544,995
MLS#: 21105697
Status: ACTIVE UNDER CONTRACT
Type: Single Family Residential
Subtype: Residential
Style: Farmhouse
Year Built: 2012
Bedrooms: 2
Full Baths: 2
Acres: 3.44
Living Area: 1,991
County: Palo Pinto
City: Lipan
Subdivision: none
Number of Stories: 1
Architecture Style: Farmhouse

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Property Description

Live, Earn, and Grow, All in One Property! Opportunities like this are hard to find. Sitting on 3.44 beautifully maintained acres in highly sought-after Santo ISD, just outside city limits, this one of a kind property is built for multi-generational living, rental income, or a home based business. With three separate living spaces, the possibilities are wide open. The main home 1,991 sq ft offers a spacious layout with 2 bedrooms, 2 bathrooms, a large living area, utility room, and an oversized game room perfect for entertaining or easily converting into additional living space. Enjoy quiet evenings under the covered patio and the convenience of a covered carport. The second home 840 sq ft is fully equipped with 2 bedrooms, 1 bath, full kitchen, utility room, and inviting covered porches. Whether used for rental income, extended family, or guests, it’s completely move-in ready. An added bonus outdoor shower for that true country feel. The charming cottage 144 sq ft provides a private retreat ideal for guests, an office, or creative space. For work or hobbies, the 30x40 foam insulated shop with a 20x15 office and bathroom is a standout feature perfect for running a business, storing equipment, or creating the ultimate workshop. The property is set up for flexibility with co op water and well water, adding efficiency and value. Location seals the deal conveniently positioned between Stephenville, Granbury, Mineral Wells, and Gordon, giving you quick access to dining, shopping, and medical facilities while still enjoying peaceful country living. Whether you want to live in one home and rent the others, create a family compound, or run your business from home this property delivers. Don’t miss your chance to own a truly versatile property with income producing potential schedule your showing today!

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