4078 FM121, Van Alstyne, TX 75495

• 3 beds |
• 2 baths |
• 2,396 sqft

Property Description

Welcome to a rare opportunity in the heart of Van Alstyne, where space, flexibility, and stunning views come together on 1.3 acres of gently elevated land. This exceptional multi-generational property delivers the best of both worlds: a sprawling main residence and a fully updated guest suite, all tucked on a hilltop setting with views that will stop you in your tracks. The main home offers 4 bedrooms, 3 bathrooms, and generously sized rooms throughout, built for real living, not just looking. A sun-drenched sunroom extends your living space and frames the sweeping landscape views perfectly, making it a favorite spot morning, noon, and night. The updated 1 bed and 1 bath guest suite is the true crown jewel of this property's versatility. Fully self-contained with its own living space, full kitchen, laundry room, and private covered porch, this is not a bonus room. It is a complete, functional home unto itself. Whether you are housing aging parents, welcoming adult children, or hosting extended family, this private retreat offers independence without distance. This space also presents serious income potential as a short-term rental. Van Alstyne's explosive growth and proximity to major corridors makes it a compelling opportunity for the buyer looking to offset their mortgage or build passive income from day one. With a full kitchen, laundry room, and its own entrance, guests have everything they need for a comfortable, self-sufficient stay. A barn on the property adds even more functionality, perfect for storage, livestock, a workshop, or hobby farm use. Sitting elevated above it all, this home commands exceptional panoramic views. Additional acreage adjoining the property is also available for sale, offering even more room to expand, build, or simply enjoy added privacy. Van Alstyne ISD. Schedule your private showing today.

Listing Status:

Active

Data Last Updated:

July 2, 2026 at 2:19PM

Listing Office:

LIV Realty, LLC : 972-214-9044

Listing Agent:

Melissa Henley :

MLS ID:

21315116

Interior

• General: Cable TVWalk-In Closet(s)
• Appliances: DishwasherElectric CooktopElectric OvenMicrowave
• Flooring: CarpetLaminate
• A/C: Central AirCeiling Fan(s)Electric
• Heating: CentralFireplace(s)
• Fireplace: Living RoomWood BurningFireplaceFireplaces: 1

Exterior

• General: Other
• Style: TraditionalDetached
• Pool: None
• Parking: CarportDetached CarportGarageGuestOversized

Construction

• Roofing: Composition
• General: Aluminum Siding1Slab

Location

• Originating MLS: NTR
• School District: Van Alstyne ISD
• County: Grayson

Lot

• Zoning: 0000000133137

Utilities

• Utilities: Septic AvailableCable Available
• Sewer: Aerobic Septic

Financial

• Source: NTR