12900 FM 121, VAN ALSTYNE, TX 75495
Homes for sale in Van Alstyne.
Homes for sale in 75495.
List Price$1,599,900
12900 Fm 121
Van Alstyne, TX 75495
Listing #21316650
About This Property
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.
Property Features
Location Information
County
Grayson
Subdivision
Simco Estates
Interior Features
Has Fireplace
No
Floors
Carpet, Ceramic Tile
Heating
Central, Electric, Fireplace(s)
Tenant Pays
Other
Cooling
Central Air, Ceiling Fan(s), Electric, Multi Units
Total Number of Units
1
Exterior Features
Construction
Brick, Metal Siding
Possible Best Use
Other
Foundation
Slab
Zoning
none
Roof
Composition, Shingle
Building Total Area (Sq. Ft.)
8,454
Utilities
Electricity Available, Propane, Septic Available, Water Available
Road Description
Gravel
Security System
Fire Alarm, Smoke Detector(s)
Waterfront Description
Lake Front
Parking Description
Asphalt, Circular Driveway, Covered, Direct Access, Door-Single, Driveway, Garage, Garage Door Opener, Guest, Inside Entrance, Kitchen Lev
Has Waterfront
Yes
Has Garage
Yes
Has View
Yes
Lot Description
Acreage, Back Yard, Interior Lot, Lawn, Pond on Lot, Many Trees, Sprinkler System
View Description
Water
Lot Size in Acres
3.09
Is One Story
No
Lot Size in Sq. Ft.
134,600
Lot Description
Acreage, Back Yard, Interior Lot, Lawn, Pond on Lot, Many Trees, Sprinkler System, Lake Front
Additional Information
Year Built Details
Preowned
Tax Annual Amount
37548.0
Property Type
COM
Exclusions
Furniture and personal items, window treatments, farm equipment.
Property SubType
Business
Documents Available
Aerial
Year Built
2000
Lot Acres Source
Assessor
Status
Active
Similar Listings
Mortgage Calculator
$7,471
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,765
Monthly Tax
$1,333
Monthly Insurance
$373
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Jenna Harris, Property Rights Advocacy Group
© 2026 North Texas Real Estate Information Systems. All rights reserved.
We do not independently verify the currency, completeness, accuracy or authenticity of the data contained herein. The data may be subject to transcription and transmission errors. Accordingly, the data is provided on an "as is, as available" basis only.
NTREIS - North Texas data last updated at July 6, 2026, 6:23 PM CT
Real Estate IDX Powered by iHomefinder