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Lake-Front Wedding Venue
For Sale
$1,599,900

12900 Fm 121, Van Alstyne, TX 75495

COMMERCIAL - Van Alstyne, TX

Property SizeContact for details
Lot Size3.09 Acres
Days on Market46

Property Features for 12900 Fm 121

General Information

Property type Commercial Sale
Property subtype Other
Parking features Covered, Oversize, Garage, Open, Tandem, Guest, Driveway
Fireplace 1
Subdivision Simco Estates
Lot features Acreage, Back Yard, Interior Lot, Lawn, Pond On Lot, Many Trees, Sprinkler System
View Water
Directions Navigate to FM-121, Van Alstyne, TX 75 N on 75 to Van Alstyne, TX 75495. From HWY-75 head West on FM-121, 12900 Hwy 121, Van Alstyne, TX 75495 is almost 2 miles west on left side of the road, home is on South side of 121. Pull in the drive and park in the circular driveway. Blue Ibox on front door.
Standard status Active
APN 135555
Lot size 3.09 Acres

Taxes and HOA fees

Tax Description SIMCO ESTATES, LOT 1, ACRES 3.09
Tax Annual Amount 37548
Legal Description SIMCO ESTATES, LOT 1, ACRES 3.09

Utilities

Utilities Propane
Sewer type Aerobic Septic
Heating system Fireplace(s), Central, Electric (Heating)
Cooling system Central Air, Electric, Multi Units, Ceiling Fan(s)
Water front features Lake Front
Water front 1

Amenities

gunite pool
hot tub
gazebo
private bass-stocked pond
game room
wet bar
outdoor kitchen

Building Details

Year built 2000
Floors in Building 3
Number of units 1
Flooring type Carpet, Tile
Building materials Brick, MetalSiding
Roof type Composition, Shingle
Listing Agency: Property Rights Advocacy Group
Listed By: Jenna Harris · License #0629804
Added: Jul 6 Changed: Aug 5 Last Checked: Aug 20 at 7:06PM
MLS# 21316650

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Lake-front wedding and event venue offering multiple on-site spaces and income-producing lodging under one roof. The approximately 6,000 SF main home includes 6 bedrooms, 3.5 baths, dual primary suites, a chef’s kitchen, and a game room with wet bar.

An approximately 1,800 SF barndo-style event venue features a kitchen, bathrooms, and an outdoor kitchen, plus a separate get-ready tiny house for wedding parties. The resort-style grounds include a gunite pool, hot tub, gazebo, and a private bass-stocked pond. A pool house with 1 bedroom, a full kitchen, a bath, and a 1-car garage is currently leased month-to-month, creating in-place income.

Recent capital improvements include a 2023 piered foundation with warranty, a roughly 2.5-year-old roof, and newer HVAC. The property is served by propane and an aerobic septic system. Construction is brick with metal siding, with central/electric heating and central air plus ceiling fans. No HOA.

Key Highlights

  • Approximately 6,000 SF main home with 6 bedrooms and 3.5 baths
  • Approximately 1,800 SF barndo‑style event venue with kitchen, bathrooms, and outdoor kitchen
  • Separate get‑ready tiny house for wedding parties

Property Analytics

Current Use

Shepherd Run Estate Hotel & Motel

Suggested Use

Top Pick Garden Center Law Firm Gym & Fitness Center Storage Facility Hotel & Motel Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 75495, TX

9,061
Population
4,082
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
67.7 sq mi
ZIP Area
134
Density / Sq Mi
$105,520
Median Household Income
$49,603
Median Earnings
$1,239
Median Rent
$353,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Wedding venue - Lake-front wedding and event property with a main home, barndo event space, and leased pool house on unrestricted grounds.
Where is this wedding venue located?
The property is located at 12900 Fm 121 Van Alstyne, TX.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Approximately 6,000 SF main home with 6 bedrooms and 3.5 baths; Approximately 1,800 SF barndo‑style event venue with kitchen, bathrooms, and outdoor kitchen; Separate get‑ready tiny house for wedding parties
More about this property
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