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$948,000 -$50,000 (-5.01%) Price Reduced

  • For Sale
  • Active
  • Farm
  • 3 Beds
  • 1 Full Bath
  • 27.8 Acres
  • 1 Car Garage
  • Updated 1 day ago
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Welcome to Cannon Creek Vineyard, a rare East Texas retreat where wide open skies, gentle rolling acreage, & thoughtful improvements create the perfect setting to live, host, & build a legacy. Set on 27.8 sprawling acres, this hobby vineyard is positioned for opportunity with excellent road exposure & access, featuring frontage along TX 198 & FM 1651. A true highlight of the land is the 3 acre pond, creating a peaceful backdrop for sunsets, fishing, & outdoor gatherings. Adding to the property's uniqueness is a 5 acre vineyard (approx.) with a mature, established variety of vines, ready for the next owner to enjoy, expand, or simply savor as part of the experience. At the heart of the property is an impressive 5,800 SF tasting room & barn, full of possibility. Keep it as a destination for entertaining, or reimagine it as a stunning party barn for gatherings & celebrations. This structure could be converted into a finished out barndo homestead or additional living quarters, ideal for multi generational living, guests, or income potential. The current kitchen area has electrical & plumbing in place, providing the framework for a fully operational kitchen. The main home is a standout, spacious & well designed, with original hardwood floors that bring warmth & timeless appeal throughout. The layout is thoughtfully arranged to maximize every square foot, offering comfortable room sizes, great flow, & a sense of openness. The acreage invites you to dream bigger with ample space to build another residence, add multiple tiny homes, or create a destination style getaway. Picture evenings spent watching gorgeous sunsets wash over the gentle terrain, mornings by the pond, & weekends hosting friends under the big Texas sky. With close proximity to Canton's First Monday Trade Days, this property offers potential for a unique STR or event concept. Blending country living, flexible infrastructure, & true expansion potential, Cannon Creek Vineyard is ready for its next chapter.

Full Property Details for 5518 State Hwy 198

General

  • Price: $948,000
  • Taxes: $3,415
  • Status: Active
  • Type: Farm
  • Source: NTREIS
  • MLS ID: 21159549
  • Updated: 9/20/2026
  • Added to Site: 237 day(s) ago

Interior

  • Interior Features: Decorative/Designer Lighting Fixtures, Kitchen Island
  • Appliances: Dishwasher, Disposal, Gas Range, Vented Exhaust Fan
  • Flooring: Ceramic Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Washer Hookup, Electric Dryer Hookup

Additional Information

  • Equipment: List Available

Exterior

  • Exterior Features: Storage
  • Porch/Patio/Deck: Covered

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 3
  • Parking Features: Additional Parking, Asphalt, Common, Carport, Garage, Open, Workshop in Garage, Boat, RV Access/Parking

Location

  • County: Van Zandt
  • Subdivision: Rural
  • Driving Directions: Located 7 miles southwest of Canton on State Hwy 198 on the right (west) side.

School Information

  • Elem School District: Canton ISD
  • Midd School District: Canton ISD
  • High School District: Canton ISD
  • Elementary School: Canton
  • Middle School: Canton
  • High School: Canton

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Aerobic Septic, Private Sewer, Septic Tank
  • Water: Community/Coop, Well
  • Well: Yes
  • Utility Description: Electricity Available, Sewer Available, Septic Available, Water Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Farmhouse, Modern, Barndominium, Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Roof: Composition
  • Windows: Window Coverings
  • Stories/Levels: 1
  • Living Area: 1,896 Sq. Ft.
  • Current Bldg. Use: Agricultural, Orchard, Ranch, Residential, Single Family
  • Year Built: 1961

Additional Structures

  • Other Structures: Outbuilding, Workshop

Lot Features

  • Lot Size (Acres): 27.8
  • Lot Size (Sq. Ft.): 1,210,968
  • Frontage: Farm to Market Road, State Road, All Weather Road, Asphalt
  • Lot Features: Acreage
  • Potential Use: Agricultural, Cattle, Commercial, Grazing, Horses, Investment, Livestock, Orchard, Pasture, Ranch, Recreational, Single Family
  • Fencing (Description): Barbed Wire, Gate, Partial

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $3,415
  • Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

  • Documents Avail.: Aerial
  • Legal Description: ACRES: 8.193 ABST: 370 SUR: J HOOPER
  • Exclusions: See EXHIBIT A for FFE exclusions and available items in NTREIS or email thebricgrouptexas@gmail.com
  • Property ID: R000004339

Listed by eXp Realty LLC, Brittany Gutierrez and eXp Realty LLC, Eric Gutierrez

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Listing agents

— 5518 State Hwy 198 —

  • Brittany Gutierrez

    eXp Realty LLC

  • Eric Gutierrez

    eXp Realty LLC

469-371-9478

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5518 State Hwy 198

School District:Canton Independent School District
NameGradesDistance
Canton Intermediate School
1190 Texas 243, Canton, TX 75103
3-55 mi
Canton Elementary School
1163 South Buffalo Street, Canton, TX 75103
PK-25.8 mi
Canton J High School
1115 South Buffalo Street, Canton, TX 75103
6-86 mi
Canton High School
1110 Texas 243, Canton, TX 75103
9-125.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5518 State Hwy 198 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/20/2026
Price Reduced
$948,000
-5.01%
MLS
8/20/2026
Price Reduced
$998,000
-8.86%
MLS
4/21/2026
Price Reduced
$1,095,000
-12.05%
MLS
1/27/2026
Listed
$1,245,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5518 State Hwy 198

Year
Property Taxes
Change
Tax Assessment
Change
2025
$745
—
$413,402
-17%
2025
$745
-47%
$495,530
12%
2024
$1,400
4%
$444,270
5%
2023
$1,352
-44%
$423,200
18%
2022
$2,421
-2%
$360,000
28%
2021
$2,481
6%
$281,570
100%
2020
$2,332
-7%
100%
2019
$2,519
-13%
100%
2018
$2,880
-17%
100%
2017
$3,450
3%
100%
2016
$3,350
13%
100%
2015
$2,967
—
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5518 State Hwy 198

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by eXp Realty LLC, Brittany Gutierrez and eXp Realty LLC, Eric Gutierrez

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Want to learn more about 5518 State Highway 198? Do you have questions about finding other Farm real estate for sale in Canton? You can browse all Canton real estate or contact a Coldwell Banker agent to request more information.

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