Date
Details
Price
Change
Source
7/05/2026
Listed
$1,599,900
—
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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Property Description
Rare event-venue and income estate on 3.9 unrestricted acres in fast-growing Van Alstyne, along the US-75 Silicon Prairie corridor. The property has operated as a wedding and event venue with short-term-rental stays and offers multiple revenue streams under one roof. The ~6,000 SF main home features 6 beds, 3.5 baths, dual primary suites, a chef's kitchen, and a game room with wet bar. An ~1,800 SF barndo-style event venue includes a kitchen, bathrooms, and an outdoor kitchen, with a separate get-ready tiny house for wedding parties. A pool house with 1 bedroom, full kitchen, bath, and 1-car garage is currently leased month-to-month, providing in-place income. Resort-style grounds include a gunite pool, hot tub, gazebo, and a private bass-stocked pond. Recent capital improvements include a 2023 piered foundation with warranty, a ~2.5-year-old roof, and newer HVAC. No HOA and A-rated Van Alstyne ISD schools. Ideal for an event-venue operator, short-term-rental investor, family compound, hobby farm, corporate retreat, or 1031 exchange.
Full Property Details
Full Property Details for 12900 FM 121
General
- Price: $1,599,900
- Taxes: $37,548
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21316650
- Updated: 7/5/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Arts and Entertainment, Bed & Breakfast, Farm, Hospit
Interior
- Fireplace: Yes
- Flooring: Carpet, Ceramic Tile
Additional Information
- Security/Safety: Fire Alarm, Smoke Detector(s)
Parking
- Garage: Yes
- Parking Features: Asphalt, Circular Driveway, Covered, Direct Access, Door-Single, Driveway, Garage, Garage Door Opener, Guest, Inside Entrance, Kitchen Level, Lighted, On Site, Oversized, Garage Faces Rear, Side By Side, Tandem
Location
- County: Grayson
- Subdivision: Simco Estates
- Driving Directions: Navigate to FM-121, Van Alstyne, TX 75 N on 75 to Van Alstyne, TX 75495. From HWY-75 head West on FM-121, 12900 Hwy 121, Van Alstyne, TX 75495 is almost 2 miles west on left side of the road, home is on South side of 121. Pull in the drive and park in the circular driveway. Blue Ibox on front door.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, Multi Units
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Aerobic Septic
- Water: Community/Coop
- Utility Description: Electricity Available, Propane, Septic Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Metal Siding
- Roof: Composition, Shingle
- Stories/Levels: 3
- Square Feet: 8,454
- Sq. Ft. Source: Assessor
- Year Built: 2000
Lot Features
- Property View: Water
- Lot Size (Acres): 3.09
- Lot Size (Sq. Ft.): 134,600.4
- Lot Size Source: Assessor
- Lot Features: Acreage, Back Yard, Interior Lot, Lawn, Pond on Lot, Many Trees, Sprinkler System
- Potential Use: Other
- Zoning: none
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- Tax Amount: $37,548
- Terms: Cash, Conventional, 1031 Exchange
- Tenant Pays: Other
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: SIMCO ESTATES, LOT 1, ACRES 3.09
- Exclusions: Furniture and personal items, window treatments, farm equipment.
- Inclusions: Other
- Property ID: 135555
- Lot Number: 1
Listed by Property Rights Advocacy Group, Jenna Harris
We Value Your Privacy
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Listing agent
— 12900 FM 121 —
Jenna Harris
Property Rights Advocacy Group
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 12900 FM 121
School District:Van Alstyne Independent School District
| Name | Grades | Distance |
|---|---|---|
John and Nelda Partin Elementary School 201 Newport Drive, Van Alstyne, TX 75495 | K-4 | 2.7 mi |
Van Alstyne J High School 1314 North Waco Street, Van Alstyne, TX 75495 | 7-8 | 2 mi |
Van Alstyne High School 1722 North Waco Street, Van Alstyne, TX 75495 | 9-12 | 2.1 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 12900 FM 121
Estimate the Cost
Estimate the Cost for 12900 FM 121
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12900 Fm 121, Van Alstyne, TX 75495 (MLS# 21316650) is a Business property. 12900 Fm 121 is currently listed for $1,599,900 and was received on July 05, 2026. Want to learn more about 12900 Fm 121? Do you have questions about finding other Business real estate for sale in Van Alstyne? You can browse all Van Alstyne real estate or contact a Coldwell Banker agent to request more information.