20531 S , Lipan, TX

House

For Sale

Listed price in listed location currency (USD).

$544,995

000

MLS® 21209527

Overview

Key Facts

Type Office

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 33

Lot Size

Approx. Age 2012

MLS® Number 21209527

Property Address: 20531 S Farm-Market 4, Lipan, TX, 76462

Average square foot calculated using Size range provided by listing agent.

Description

Multi-Use Investment Opportunity with Multiple Income Streams! Positioned on 3.44 well-maintained acres just outside the city limits in the highly desirable Santo area, this versatile property offers exceptional potential for investors, entrepreneurs, or those seeking a live-work setup. With multiple residential units, guest accommodations, and a large insulated shop with office space, the property is well-suited for a variety of income-producing uses. The primary residence spans approximately 1, 991 square feet and includes two bedrooms, two bathrooms, a spacious living area, utility room, and a large game room, along with a covered carport and patio. This structure could serve as a primary residence, long-term rental, or short-term rental unit. A second residence totaling approximately 840 square feet features two bedrooms, one bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches. This home provides additional rental income potential or housing for employees, extended family, or guests. An additional 144-square-foot cottage offers flexible use as a guest suite, office space, studio, or additional short-term rental. Supporting the property is a 30×40 foam-insulated shop complete with a 20×15 office and bathroom, making it ideal for a variety of business operations, workshop space, storage, or commercial service use. Utilities include co-op water servicing one residence and a private water well servicing the second residence, enhancing operational flexibility. Conveniently located between Stephenville, Granbury, Mineral Wells, and Gordon, the property offers strong regional accessibility while maintaining a rural setting ideal for residential rental, short-term lodging, home-based businesses, or mixed-use investment. This unique property provides multiple structures and diverse revenue opportunities in a growing North Texas market.

MLS® Number21209527

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2012

Basement

DrivewayAttached Carport, Covered, Driveway, Electric Gate, Rv Access Parking, Secured

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 16, 2026List Date

$544,995List Price

Map

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