Endless Possibilities Await! Discover the perfect blend of comfort, versatility, and country living on 3.44 well maintained acres in the highly sought after Santo ISD, just outside the city limits. This unique property features two homes, a guest cottage, a large insulated shop with office, and an RV parking pad, offering multiple living, rental, or business opportunities all in one location! The main home is 1,991 sq ft features 2 bedrooms, 2 bathrooms, a spacious living area, utility room, and a large game room, plus a covered carport and patio. The second home is 840 sq ft featuring 2 bedrooms, 1 bath, a comfortable living room, full kitchen, utility room, outdoor shower, and covered porches- perfect for guests or rental income. A charming 144 sq ft cottage adds an extra private space for additional guests.. The 30×40 foam insulated shop includes a 20×15 office and bathroom, ideal for a home based business or hobby area. Water sources include co-op water for one home and well water for the other. Conveniently located between Stephenville, Granbury, Mineral Wells, and Gordon, you will have easy access to shopping, restaurants, medical facilities and more. Live, rent, and work all from one property!
Property Details
Price:
$544,995
MLS #:
21105697
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Nov 6, 2025
Finished Sq Ft:
1,991
Lot Size:
149,846 sqft / 3.44 acres (approx)
Year Built:
2012
See this Listing
Schools
School District:
Santo ISD
Elementary School:
Santo
Middle School:
Santo
High School:
Santo
Interior
Bathrooms Full
2
Cooling
Ceiling Fan(s), Central Air, Wall Unit(s)
Flooring
Concrete, Laminate
Heating
Central, Electric
Interior Features
Cathedral Ceiling(s), Eat-in Kitchen, High Speed Internet Available, In- Law Suite Floorplan, Open Floorplan, Other
Number Of Living Areas
1
Exterior
Construction Materials
Steel Siding
Exterior Features
Covered Patio/Porch, Rain Gutters, Outdoor Shower, Private Entrance, RV Hookup, Storage
Fencing
Cross Fenced, Perimeter, Other
Lot Size Area
3.4400
Number Of Residences
2
Number Of Separate Water Meters
1
Number Of Tanks And Ponds
1
Number Of Wells
1
Financial
Map
Community
- Address20531 S FM 4 Lipan TX
- CityLipan
- CountyPalo Pinto
- Zip Code76462
Subdivisions in Lipan
- Abstract 217-Lewis P Cooke Survey
- Acres 53.659, A0493 LOPEZ JOSE F
- Aiken W J Ne
- AIKEN W J NORTH
- Blanton Elijah
- C SHIPMAN – ABST 520
- C-Bell Add
- George Treighen Surv Abs #431
- GW TREIGHEN Abs #431
- HILL COUNTRY SEC 1
- Homestead Acres
- James Cole Surv Abst #91
- KICKAPOO ESTATES
- Lipan
- new subdivision
- no
- OLD WD RANCH
- Old Wd Ranch Ph I Sec D
- Old Wd Ranch Ph I Sec E
- OLD WD RANCH SUBDIVISION
- Roping Oaks
- Sugar Tree on the Brazos
- Sugartree Golf Club Add
- Sugartree Golf CLub Addn Ph III
- Sugartree On The Brazos
- THE RANCHES AT STAR HOLLOW
- Wilson Bend Ph 1
- Wilson Bend Phase 1
- WM D THOMASON
Market Summary
Current real estate data for Single Family in Lipan as of Mar 15, 2026
48
Single Family Listed
138
Avg DOM
487
Avg $ / SqFt
$977,786
Avg List Price
Property Summary
- 20531 S FM 4 Lipan TX is a Single Family for sale in Lipan, TX, 76462. It is listed for $544,995 and features 2 beds, 2 baths, and has approximately 1,991 square feet of living space, and was originally constructed in 2012. The current price per square foot is $274. The average price per square foot for Single Family listings in Lipan is $487. The average listing price for Single Family in Lipan is $977,786. To schedule a showing of MLS#21105697 at 20531 S FM 4 in Lipan, TX, contact your Spencer TX Real Estate, LLC agent at (817) 937-8532.
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