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Property Description
INVESTMENT OPPORTUNITY ON 6 ACRES IN PARADISE! Bring your vision and make this property your own. This 4-bedroom, 2-bath fixer-upper offers plenty of potential for an investor, remodeler, or buyer looking for acreage and a project. The property features a 2-car carport, storage building, scattered mature trees, and a tank adding to the property's rural appeal. With approximately 6 acres to work with, there is room for recreation, animals, gardening, or future improvements. Located in Paradise ISD and approximately 3 miles from The Cottondale Store, this property offers a convenient country location with easy access to local amenities. Whether you're looking for an investment, renovation project, or acreage to make your own, this property has endless possibilities. Property is being sold as-is and will require renovation.
Full Property Details
Full Property Details for 5019 Fm 2123
General
- Price: $275,000
- Taxes: $6,320
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21366166
- Updated: 8/21/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Kitchen Island
- Appliances: Electric Range, Electric Water Heater
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Dryer Hookup, ElectricDryer Hookup
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Detached Carport, No Garage
Location
- County: Wise
- Subdivision: none
- Driving Directions: Approx. 3 miles north of Cottondale store.
School Information
- Elem School District: Paradise ISD
- Midd School District: Paradise ISD
- High School District: Paradise ISD
- Elementary School: Paradise
- Middle School: Paradise
- High School: Paradise
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Septic Tank
- Water: Rural
- Utility Description: Septic Available, See Remarks
Structural Information
- Architectural Style: Contemporary/Modern, Detached
- Structure Type: House
- Detached/Attached: Attached
- Construction: Brick
- Roof: Composition
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 1,941 Sq. Ft.
- Year Built: 1970
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 6
- Lot Size (Sq. Ft.): 261,360
- Lot Features: Acreage, Pasture, Few Trees
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $6,320
- Terms: Cash, FHA 203(k)
Disclosures and Reports
- Legal Description: A-534 MATAGORDA CSL 6.0 ACRES TRACT 63
- Property ID: 742017
- Block: 63
Listed by CENTURY 21 Judge Fite Co.- Decatur, Renee Thomason
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Price & Sales History for 5019 Fm 2123
Date
Details
Price
Change
Source
8/21/2026
Listed
$275,000
—
MLS
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
Tax History for 5019 Fm 2123
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,320
—
$423,107
—
2025
$6,320
154%
$423,200
31%
2021
$2,487
-7%
$323,060
43%
2021
$2,660
—
$226,652
42%
2021
$2,660
7%
$159,330
7%
2020
$2,482
2%
$148,300
2%
2019
$2,431
1%
$145,260
6%
2018
$2,410
10%
$137,470
11%
2017
$2,200
31%
$123,920
31%
2016
$1,682
6%
$94,780
6%
2015
$1,585
1%
$89,310
1%
2014
$1,570
-2%
$88,430
2%
2013
$1,604
—
$86,450
—
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
Estimate the Cost for 5019 Fm 2123
5019 Fm 2123, Paradise, TX 76073 (MLS# 21366166) is a Single Family property with 4 bedrooms and 2 full bathrooms. 5019 Fm 2123 is currently listed for $275,000 and was received on August 21, 2026. Want to learn more about 5019 Fm 2123? Do you have questions about finding other Single Family real estate for sale in Paradise? You can browse all Paradise real estate or contact a Coldwell Banker agent to request more information.

