20531 S Farm to Market 4, Lipan, TX 76462

• 4 beds |
• 3 baths |
• 4,031 sqft

Property Description

Income Potential Meets Country Living! Discover a rare opportunity on 3.44 well-maintained acres in highly sought-after Santo ISD, just outside the city limits. With multiple homes, guest space, and a large shop, this versatile property is perfectly suited for multi-generational living, rental income, or a home-based business—all in one location. The main home (1,991 sq ft) features 2 bedrooms, 2 bathrooms, a spacious living area, utility room, and a large game room, along with a covered carport and patio—ideal for comfortable everyday living. A second home (840 sq ft) includes 2 bedrooms, 1 bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches. This space is perfect for long-term rental, short-term rental income, or extended family. The property also includes a charming 144 sq ft cottage, providing additional private space for guests, an office, or another potential rental opportunity. For those needing workspace, the 30×40 foam-insulated shop with a 20×15 office and bathroom creates an excellent setup for a home business, workshop, or additional income venture. Water sources include co-op water for one home and well water for the other, adding convenience and flexibility. Located centrally between Stephenville, Granbury, Mineral Wells, and Gordon, you’ll enjoy easy access to shopping, dining, medical facilities, and more while still experiencing peaceful country living. Whether you’re looking for a strong income-producing investment, a multi-family setup, or room for a growing family, this property offers endless possibilities.

Listing Status:

Active

Data Last Updated:

April 1, 2026 at 8:20PM

Listing Office:

Maverick Land Group, LLC : (830) 591-9840

Listing Agent:

Levi Gutierrez :

MLS ID:

21209483

Interior

• General: Cathedral Ceiling(s)Eat-in KitchenHigh Speed InternetIn-Law FloorplanOpen FloorplanOther
• Appliances: Some Gas AppliancesDishwasherElectric RangeElectric Water HeaterGas RangeMicrowavePlumbed For Gas
• Flooring: ConcreteLaminate
• A/C: Central AirCeiling Fan(s)Wall Unit(s)
• Heating: CentralElectric
• Fireplace: Fireplaces: 0

Exterior

• General: Outdoor ShowerPrivate EntranceRain GuttersRV HookupStorage
• Pool: None
• Parking: Attached CarportCoveredDrivewayElectric GateRV Access/ParkingSecuredParking spaces: 4

Construction

• Roofing: Metal
• General: ConcreteSteel Siding1Slab

Location

• Road/Access: All Weather Road
• Originating MLS: NTR
• School District: Santo ISD
• County: Palo Pinto

Lot

• Topography: Hill
• Zoning: 5139
• Fencing: Cross FencedOtherPerimeter

Utilities

• Utilities: Electricity AvailableElectricity ConnectedNatural Gas AvailableSeptic AvailableSeparate MetersWater Available
• Water: Community/CoopWell
• Sewer: Septic Tank

Financial

• Source: NTR