TX
Palo Pinto
Lipan
76462
20531 S FM 4
20531 S FM 4, Lipan, TX 76462
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Listing Type
Single Family
Listing Status
Active
25
$544,995

Home Details for 20531 S FM 4

Price
$544,995
Type
Residential
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Square feet
1991
Year built
2012
Lot size acres
3.44
County
Palo Pinto
Total rooms
13
Days on site
197
MLS Listing#
21105697
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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Property Features
  • House Interior
    • Cathedral Ceiling(s)
    • Eat-in Kitchen
    • Open Floorplan
    • Other
    • High Speed Internet
    • In-Law Floorplan
  • Parking
    • Attached Carport
    • Covered
    • Driveway
    • Electric Gate
    • RV Access/Parking
    • Secured
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
    • Wall Unit(s)
  • Heating Information
    • Central
    • Electric
  • Water Features
    • Well
  • Utilities
    • Electricity Connected
School Information
School Information for 20531 S FM 4, Lipan, TX 76462
Elementary School
Santo
Middle School
Santo
High School
Santo
Listing Courtesy: Maverick Land Group, LLC - 830-591-9840
Presented by: Levi Gutierrez
Dallas MLS - N.T.R.E.I.S. logoThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2026-04-17 05:58:15
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EXIT REALTY ELITE
129 S. Main St, Ste 260, Grapevine, TX 76051
Jerry Hawn
License #: 0706288
Sales Representative
Office
817 925 5503
Agent
817 905 9019
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