Date
Details
Price
Change
Source
3/16/2026
Listed
$544,995
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$544,995 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 20531 S Farm to Market 4
General
- Price: $544,995
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21209483
- Updated: 3/16/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Cathedral Ceiling(s), Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Open Floorplan, Other
- Appliances: Some Gas Appliances, Dishwasher, Electric Range, Electric Water Heater, Gas Range, Microwave, Plumbed For Gas
- Flooring: Concrete, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Additional Information
- Security/Safety: Prewired
Exterior
- Exterior Features: Outdoor Shower, Private Entrance, Rain Gutters, RV Hookup, Storage
- Porch/Patio/Deck: Covered
Parking
- Covered Spaces: 4
- Total Spaces: 4
- Parking Features: Attached Carport, Covered, Driveway, Electric Gate, RV Access/Parking, Secured
Location
- County: Palo Pinto
- Subdivision: none
- Driving 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
School Information
- Elem School District: Santo ISD
- Midd School District: Santo ISD
- High School District: Santo ISD
- Elementary School: Santo
- Middle School: Santo
- High School: Santo
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Wall Unit(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Community/Coop, Well
- Well: Yes
- Utility Description: Electricity Available, Electricity Connected, Natural Gas Available, Septic Available, Separate Meters, Water Available
Structural Information
- # Buildings: 3
- Detached/Attached: Detached
- Construction: Concrete, Steel Siding
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 4,031
- Sq. Ft. Source: Other
- Year Built: 2012
Lot Features
- Lot Size (Acres): 3.44
- Lot Size (Sq. Ft.): 149,846.4
- Frontage: All Weather Road
- Topography: Hill
- Lot Features: Acreage, Agricultural, Back Yard, Irregular Lot, Lawn, Pasture, Pond on Lot, Rolling Slope, Many Trees
- Fencing (Description): Cross Fenced, Other, Perimeter
Financial Considerations
- Terms: Cash, Conventional, 1031 Exchange, FHA
Disclosures and Reports
- Property ID: 5139
Listed by Maverick Land Group, LLC, Levi Gutierrez
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Listing agent
— 20531 S Farm to Market 4 —
Levi Gutierrez
Maverick Land Group, LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 20531 S Farm to Market 4
School District:Santo Independent School District
| Name | Grades | Distance |
|---|---|---|
Santo Elementary School 406 Farm to Market Road 2201, Santo, TX 76472 | PK-5 | 6.1 mi |
Santo High School 406 Farm to Market Road 2201, Santo, TX 76472 | 6-12 | 6.1 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 20531 S Farm to Market 4
Estimate the Cost
Estimate the Cost for 20531 S Farm to Market 4
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20531 S Farm To Market 4, Lipan, TX 76462 (MLS# 21209483) is a Multi-Family property with 2 units containing 4 bedrooms and 3 full bathrooms. 20531 S Farm To Market 4 is currently listed for $544,995 and was received on March 16, 2026. Want to learn more about 20531 S Farm To Market 4? Do you have questions about finding other Multi-Family real estate for sale in Lipan? You can browse all Lipan real estate or contact a Coldwell Banker agent to request more information.