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$544,995
4 Beds ⋅ 3 Baths ⋅ 21209483 MLS
Income Potential Meets Country Living! Discover a rare opportunity on 3.44 well-maintained acres in highly sought-after Santo ISD, just outside the city limits. With multiple homes, guest space, and a large shop, this versatile property is perfectly suited for multi-generational living, rental income, or a home-based business—all in one location. The main home (1,991 sq ft) features 2 bedrooms, 2 bathrooms, a spacious living area, utility room, and a large game room, along with a covered carport and patio—ideal for comfortable everyday living. A second home (840 sq ft) includes 2 bedrooms, 1 bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches. This space is perfect for long-term rental, short-term rental income, or extended family. The property also includes a charming 144 sq ft cottage, providing additional private space for guests, an office, or another potential rental opportunity. For those needing workspace, the 30×40 foam-insulated shop with a 20×15 office and bathroom creates an excellent setup for a home business, workshop, or additional income venture. Water sources include co-op water for one home and well water for the other, adding convenience and flexibility. Located centrally between Stephenville, Granbury, Mineral Wells, and Gordon, you’ll enjoy easy access to shopping, dining, medical facilities, and more while still experiencing peaceful country living. Whether you’re looking for a strong income-producing investment, a multi-family setup, or room for a growing family, this property offers endless possibilities.

20531 S Farm To Market 4, Lipan
$544,995
2 Beds ⋅ 2 Baths ⋅ 21105697 MLS
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!

20531 S Fm 4, Lipan