20531 S Fm 4
Lipan, TX, 76462
$
544,995
Bedrooms2
Baths2.0
Sq
1,991
Monthly Estimate*
$
3,356
for $544,995 with 2 bedrooms and 2 full baths. This 1,991 square foot home was built in 2012 on a lot size of 3.44.
Live, Earn, and Grow, All in One Property!
Opportunities like this are hard to find. Sitting on 3.44 beautifully maintained acres in highly sought-after Santo ISD, just outside city limits, this one of a kind property is built for multi-generational living, rental income, or a home based business. With three separate living spaces, the possibilities are wide open. The main home 1,991 sq ft offers a spacious layout with 2 bedrooms, 2 bathrooms, a large living area, utility room, and an oversized game room perfect for entertaining or easily converting into additional living space. Enjoy quiet evenings under the covered patio and the convenience of a covered carport. The second home 840 sq ft is fully equipped with 2 bedrooms, 1 bath, full kitchen, utility room, and inviting covered porches. Whether used for rental income, extended family, or guests, it’s completely move-in ready. An added bonus outdoor shower for that true country feel. The charming cottage 144 sq ft provides a private retreat ideal for guests, an office, or creative space. For work or hobbies, the 30x40 foam insulated shop with a 20x15 office and bathroom is a standout feature perfect for running a business, storing equipment, or creating the ultimate workshop. The property is set up for flexibility with co op water and well water, adding efficiency and value. Location seals the deal conveniently positioned between Stephenville, Granbury, Mineral Wells, and Gordon, giving you quick access to dining, shopping, and medical facilities while still enjoying peaceful country living. Whether you want to live in one home and rent the others, create a family compound, or run your business from home this property delivers. Don’t miss your chance to own a truly versatile property with income producing potential schedule your showing today!
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Features
Interior
Interior Features
Cathedral Ceiling(s)
Eat-in Kitchen
High Speed Internet Available
In-Law Suite Floorplan
Open Floorplan
Other
Flooring
Concrete
Laminate
Basement Y/N
0
Dining Areas
1
Living Areas
1
Half Baths
0
Total Bedrooms
2
Total Baths
2
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General
Heating
Central
Electric
Cooling
Ceiling Fan(s)
Central Air
Wall Unit(s)
Utilities
All Weather Road
Co-op Electric
Co-op Water
Electricity Connected
Individual Gas Meter
Individual Water Meter
Outside City Limits
Septic
Well
Possession
Closing/Funding
Roof
Metal
Appliances
Dishwasher
Electric Range
Electric Water Heater
Gas Range
Microwave
Plumbed For Gas in Kitchen
current use
Horses
Livestock
Recreational
Restrictions
No Known Restriction(s)
School District
Santo ISD
Pool Y/N
0
Year Built
2012
Levels
One
Property Subtype
Single Family Residence
Subdivision Name
none
Transaction Type
For Sale
Occupant Type
Owner
County
Palo Pinto
Property Type
Residential
Construction Materials
Steel Siding
HOA Type
None
Special Notes
Aerial Photo
Full Baths
2
Status
Active
Directions
From I-20 take US 281 South to FM 4
turn right on FM 4 and property is approximately 2.7 miles on the right. GPS friendly. SOP
City
Lipan
Elementary School Name
Santo
High School
Santo
Elementary School
Santo
Standard Status
Active
Listing Terms
1031 Exchange
Cash
Conventional
FHA
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Exterior
Waterfront
0
Exterior Features
Covered Patio/Porch
Rain Gutters
Outdoor Shower
Private Entrance
RV Hookup
Storage
Lot Features
Acreage
Hilly
Lrg. Backyard Grass
Many Trees
Tank/ Pond
Fencing
Cross Fenced
Perimeter
Other
Other Structures
Bunk House
Guest House
Outbuilding
Second Residence
See Remarks
Storage
Workshop w/Electric
Parking Features
Attached Carport
Covered
Driveway
Electric Gate
RV Access/Parking
Secured
Lot Size
3 to < 5 Acres
Foundation
Slab
Structural Style
Farm/Ranch House
Garage Y/N
0
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* Excluded Features
List By
Levi Gutierrez
Listing Agent
Maverick Land Group, Llc
Broker
Affordability Calculator
- Monthly Principal & Interest
- $3,356
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Lipan, TX
Average List Price
$994,870
Percent of Sale Price
83%
About Lipan, TX
405
Population
27%
Since 2002
$
54,423
Median Income
44.45
Median Age
27%
Households with Children
Trends Information provided by ATTOM Data Solutions.
287909
Elementary School
5136273
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
11/6/2025
|
$544,995
|
|
Listed Price
|
20531 S Fm 4, Lipan, TX, 76462 is a Single Family Home for sale at $544,995 with 1,991 sqft and a lot size of 3.44. 20531 S Fm 4 has 2 bedrooms, 2.0 baths, and was built in 2012. The property's zip code is 76462 which is in Lipan, TX