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$965,000 Just Listed
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Property Description
Welcome to a one-of-a-kind investment and development opportunity at Terrell! Situated on approximately 13.96 acres at 16583 Bowling Lane, this versatile property offers endless potential for investors, developers, or anyone looking to create their own private Texas retreat. The property currently features 5 slab-built homes, 2 trailer homes, and 2 ponds, with all residences producing active monthly rental income. Whether you're looking for an income-producing portfolio, multi-family setup, future development project, or a place to build your dream home while generating cash flow, this property checks every box. With nearly 14 acres of usable land, the possibilities are truly endless - continue operating as an income-producing property, redevelop and expand, create a family compound, establish a ranch-style retreat, or build your custom dream home surrounded by wide open Texas space. The combination of existing infrastructure, multiple residences, water features, and acreage makes this an incredibly rare find in the growing Terrell area. Conveniently located with quick access to nearby highways while still offering privacy and room to spread out, this property blends opportunity, flexibility, and long-term upside all in one. Opportunities like this do not come around often!
Full Property Details
Full Property Details for 16583 Bowling Ln
General
- Price: $965,000
- Taxes: $6,069
- Status: Active
- Type: Duplex
- Source: NTREIS
- MLS ID: 21280178
- Updated: 5/27/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Walk-In Closet(s)
- Appliances: Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Asphalt
Location
- County: Kaufman
- Subdivision: Bowling Sub Unfiled
- Driving Directions: follow gps
School Information
- Elem School District: Terrell ISD
- Midd School District: Terrell ISD
- High School District: Terrell ISD
- Elementary School: Burnett
- Middle School: Furlough, Wood
- High School: Terrell
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Structure Type: Duplex
- Detached/Attached: Attached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Living Area: 3,210 Sq. Ft.
- Year Built: 1990
Additional Structures
- Other Structures: Guest House, Mobile Home
Lot Features
- Lot Size (Acres): 13.96
- Lot Size (Sq. Ft.): 608,097.6
- Lot Size Source: Appraiser
- Lot Dimensions: 13.96
- Lot Features: Acreage, Pond on Lot, Few Trees
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $6,069
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Legal Description: BOWLING SUBDIVISION (UNFILED) LOT 2
- Property ID: 6632
- Lot Number: 2
Listed by Keller Williams Central, Alejandro Santamaria
Get Pre-Approved Today
Schools
Schools serving 16583 Bowling Ln
School District:Terrell Independent School District
| Name | Grades | Distance |
|---|---|---|
J W Long Elementary School 300 Creekside Drive, Terrell, TX 75160 | K-5 | 6.5 mi |
Herman Furlough Jr Middle School 1351 Colquitt Road, Terrell, TX 75160 | 6-8 | 8 mi |
Terrell High School 400 Poetry Road, Terrell, TX 75160 | 9-12 | 6.7 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 16583 Bowling Ln
Date
Details
Price
Change
Source
5/26/2026
Listed
$965,000
—
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 16583 Bowling Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,111
873%
$344,963
-5%
2023
$628
—
$362,891
136%
2023
$628
-27%
$153,789
-57%
2022
$864
3%
$360,315
71%
2021
$841
1%
$210,120
—
2020
$833
-68%
$209,910
98%
2018
$2,573
8%
$106,020
1%
2019
$2,388
2%
$105,040
9%
2017
$2,339
10%
$96,382
10%
2016
$2,124
6%
$87,620
-1%
2015
$2,007
5%
$88,850
-3%
2013
$1,910
—
$91,310
-3%
2013
$1,910
—
$93,750
—
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 16583 Bowling Ln
16583 Bowling Lane, Terrell, TX 75161 (MLS# 21280178) is a Duplex property with 3 bedrooms and 3 full bathrooms. 16583 Bowling Lane is currently listed for $965,000 and was received on May 26, 2026. Want to learn more about 16583 Bowling Lane? Do you have questions about finding other Duplex real estate for sale in Terrell? You can browse all Terrell real estate or contact a Coldwell Banker agent to request more information.

