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20531 S Fm 4

Lipan, Texas 76462
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Bed 2

Bed

Bath 2

Bath

SqFt1,991

Sqft

Acres3.44

Acres(Lot)

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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Detail Ic Property Details

Property Type : Residential

Price : $544,995

AD Id : 68514131

MLS Id : 544302384

Beds : 2

Lot Size : 3.44 Acres

Living Area Size : 1,991

Year Built : 2012

County : Palo Pinto

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 2 Window Features: Window Coverings

    Bathroom Information

    Total Baths: 2 Full Baths: 2 Half Baths: 0
  • Interior Features

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

    Appliances

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

    Utilities

    All Weather Road,Co-op Electric,Co-op Water,Electricity Connected,Individual Gas Meter,Individual Water Meter,Outside City Limits,Septic,Well
  • Cooling Features

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

    Heating Source

    Central,Electric

    Fireplace

    Number of Fireplaces: 0

  • Building Information

    Built Year: 2012 Construction: Steel Siding Roof Type: Metal
  • Exterior Features

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

    Foundation

    Slab

    Security Features

    Prewired
  • Laundry Features

    Dryer Hookup,Washer Hookup

    Fencing

    Cross Fenced,Perimeter,Other

    Construction Materials

    Steel Siding

  • Lot Information

    Lot Size (Acr): 3.4400 Lot Size Units: Acres Lot Size Square Feet: 149,846 Lot Features: Acreage,Hilly,Lrg. Backyard Grass,Many Trees,Tank/ Pond
  • Property Information

    SQ ft (Living Area): 1,991 Property Type: Residential Property Sub Type: Single Family Residence Subdivision: none City: Lipan State: Texas Directions: 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 Property Status: Active Levels: One Property Age: 14

  • Listing Price Information

    Original List Price: $544,995 List Price Tot SqFt: $274
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 5139

  • Parking Information

    Carport Spaces: 0 Parking Features: Attached Carport,Covered,Driveway,Electric Gate,RV Access/Parking,Secured
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Santo Middle School: Santo High School: Santo School District: Santo ISD
  • Utility Information

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

Address Estimate Bed Bath Sq. Ft Lot Size
5520 Big Valley Circle, Lipan, TX, 76462 $1,350,000 4 4 3,796 3,796 SqFt
142 Lakeside Drive, Lipan, TX, 76462 $495,000 4 2 2,369 2,369 SqFt
525 S Sugartree Drive, Lipan, TX, 76462 $770,000 7 5 4,152 4,152 SqFt
129 Lakeside Drive, Lipan, TX, 76462 $749,900 4 4 3,288 3,288 SqFt
5908 Hill Country Court, Lipan, TX, 76462 $348,900 3 2 1,536 1,536 SqFt
7600 Lipan Highway, Lipan, TX, 76462 $479,900 3 3 2,291 2,291 SqFt
143 Sugartree Circle, Lipan, TX, 76462 $520,000 4 3 2,672 2,672 SqFt
657 S Sugartree Drive, Lipan, TX, 76462 $889,000 4 4 3,208 3,208 SqFt
104 Oak Bend Court, Lipan, TX, 76462 $549,000 3 3 2,575 2,575 SqFt
1560 Lacy Drive, Lipan, TX, 76462 $1,296,600 4 3 2,908 2,908 SqFt
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/08/2026 @ 03:38

MLS: 544302384 LISTED BY: Levi Gutierrez, Maverick Land Group, LLC 830-734-7780 SOURCE: NTREIS - North Texas Real Estate Information

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