20531 S FM 4, LIPAN, TX 76462
Homes for sale in Lipan.
Homes for sale in 76462.
20531 S FM 4
Lipan, TX 76462
List Price$550,000
Listing #20928138
About This Property
UNIQUE MULTI-HOME PROPERTY on 3.44 ACRES in Highly-Rated Santo ISD -- Additional Land Available! Endless opportunities await just outside city limits! This rare and versatile multi-home property sits on 3.44 unrestricted acres in the sought-after Santo ISD--with the option to purchase more land! The main residence is a spacious 1,991 sq ft home featuring 2 large bedrooms, 2 full baths, and an oversized game room perfect for entertaining. Enjoy year-round comfort on the covered patio and carport. The second home offers 840 sq ft, 2 bedrooms, 1 bath, a cozy living area, full kitchen, utility room, and covered front and back porches--plus a rustic outdoor cowboy shower. Ideal for guests, rental income, or multigenerational living! Need even more space? The 144 sq ft detached cottage is equipped with a mini-split system and makes a great guest suite, office, or storage area. A standout feature is the 30 x 40 foam-insulated shop, complete with a 20 x 15 office, full bathroom, and endless space for a home business, car collection, or workshop. Separate electric meters for each structure .Main home on co-op water, other structures on well water .RV hookup already in place This property offers the freedom to live, rent, or run a business--all from one location! Whether you're an investor, a growing family, or someone looking for a work setup, this is your chance to own a truly unique setup with room to grow. Ask about purchasing additional acreage to expand your vision! We have contacts for lenders for this specific property
Property Features
Location Information
County
Palo Pinto
Subdivision
none
Interior Features
Rooms
First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Game Room, First Floor Kitchen, First Floor Kitchen, First Floor Living Room, First Floor Living Room, First Floor Office, First Floor Primary Bedroom, First Floor Utility Room, First Floor Utility Room, First Floor Workshop
Number of Fireplaces
0
Interior
Cathedral Ceiling(s), Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Open Floorplan, Other
Heating
Central, Electric
Master Bedroom Description
15 x 12
Cooling
Central Air, Ceiling Fan(s), Wall Unit(s)
Full Baths
3
Floors
Concrete, Laminate
Living Room Description
21 x 9
Laundry
Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
Kitchen Description
13 x 10
Appliances
Some Gas Appliances, Dishwasher, Electric Range, Electric Water Heater, Gas Range, Microwave, Plumbed For Gas
Has Fireplace
No
Exterior Features
Style
Farmhouse
Pool Description
None
Stories
1
Other Structures
Bunkhouse, Guest House, Outbuilding, Second Residence, See Remarks, Storage, Workshop, Barn(s)
Construction
Steel Siding
Is a Horse Property
Yes
Exterior
Outdoor Shower, Private Entrance, Rain Gutters, RV Hookup, Storage
Horse Amenities
Barn
Foundation
Slab
Lot Description
Acreage, Back Yard, Lawn, Pond on Lot, Rolling Slope, Many Trees
Roof
Metal
Lot Size in Acres
3.44
Water / Sewer
Electricity Available, Electricity Connected, Natural Gas Available, Septic Available, Separate Meters, Water Available
Lot Size in Sq. Ft.
149,846
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Septic Available, Separate Meters, Water Available
Current Use
Horses, Livestock, Recreational
Parking Description
Attached Carport, Covered, RV Access/Parking, Secured
Possible Best Use
Agricultural, Horses, Inves
Garage Spaces
4
Road Description
Farm to Market Road, All Weather Road, Gravel
Fencing
Cross Fenced, Other, Perimeter
Is One Story
Yes
Patio / Deck Description
Covered
Lot Description
Acreage, Back Yard, Lawn, Pond on Lot, Rolling Slope, Many Trees
School
Elementary School District
Santo ISD
Jr. High School
Santo
Elementary School
Santo
High School
Santo
Additional Information
Property Type
FRM
Status
Active
Property SubType 2
House
Has a Home Owners Association
No
Property SubType
Farm
Documents Available
Aerial
Year Built
2012
Similar Listings
Mortgage Calculator
$2,567
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,981
Monthly Tax
$458
Monthly Insurance
$128
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
Levi Gutierrez, Maverick Land Group, LLC
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NTREIS - North Texas data last updated at September 14, 2025, 6:20 PM CT
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