292 PAM DRIVE, CHICO, TX 76431
Homes for sale in Chico.
Homes for sale in 76431.
List Price$799,900
292 Pam Drive
Chico, TX 76431
Listing #21213545
About This Property
Income-producing, multi-use opportunity with picturesque lake views on 6.9 acres. Designed for both lifestyle and revenue, this versatile property offers multiple income streams along with the flexibility to serve as a private residence, weekend retreat, or future development project. The main home features approximately 2,618 square feet, including an enclosed back patio with HVAC and additional lower-level space perfect for extended living, guests. The elevated setting provides peaceful surroundings, scenic views, and frequent wildlife sightings. Outdoors, the property is already equipped for income generation with multiple fully enclosed storage units, covered boat storage, and two RV parking slips with full hookups. This is ideal for short or long-term rentals. With road frontage on two sides and three separate gated entrances, the layout supports privacy, accessibility, and expansion potential. Additional improvements include a detached garage, dedicated spa or hot tub room, and ample open space for future growth or customization. Also, all new Grade-4 roof and brand new septic tanks have been installed. Located just minutes from the boat ramp, you'll enjoy easy access to the lake without the added cost of waterfront ownership. Whether you're looking to invest, live, or create a hybrid of both, this property delivers a rare combination of income potential, land, and lifestyle.
Property Features
Location Information
County
Wise
Subdivision
El Lago Estates
Interior Features
Rooms
Basement Floor Bedroom, Second Floor Bedroom, First Floor Dining Room, First Floor Kitchen, First Floor Living Room, First Floor Office, First Floor Primary Bedroom
Has Fireplace
Yes
Interior
Granite Counters, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
Number of Fireplaces
1
Master Bedroom Description
20 x 16
Cooling
Central Air, Ceiling Fan(s), Electric
Full Baths
3
Floors
Carpet, Ceramic Tile, Engineered Hardwood
Dining Room Description
13 x 10
Laundry
Laundry in Utility Room
Living Room Description
22 x 21
Appliances
Dishwasher, Electric Range
Kitchen Description
13 x 11
Has Basement
Yes
Exterior Features
Style
Traditional, Detached
Patio / Deck Description
Deck
Stories
2
Pool Description
None
Exterior
Other, Private Yard, Storage
Other Structures
Other
Roof
Shingle
Lot Description
Acreage, Interior Lot, Many Trees
Utilities
Septic Available, Water Available
Lot Size in Acres
6.9
Security System
Smoke Detector(s)
Lot Size in Sq. Ft.
300,564
Parking Description
Additional Parking, Covered, Garage, Garage Door Opener, RV Carport, Boat, RV Access/Parking
Is One Story
No
Has Garage
Yes
Lot Description
Acreage, Interior Lot, Many Trees
Garage Spaces
2
School
Elementary School District
Chico ISD
Jr. High School
Chico
Elementary School
Chico
High School
Chico
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
SFR
Has a Home Owners Association
No
Property SubType 2
House
Tax Annual Amount
6088.0
Property SubType
Single Family Residence
Documents Available
Aerial
Year Built
1996
Similar Listings
Mortgage Calculator
$3,734
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,882
Monthly Tax
$666
Monthly Insurance
$186
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
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