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Multi-Structure Live-Work Investment

20531 S Farm-Market 4 Lipan, TX 76462

20531 S Farm-Market 4, Lipan, TX, 76462
$544,995
For Sale
$544,995

SINGLE_FAMILY - Lipan, TX

Lot Size3.44 Acres
Days on Market102

Property Features for 20531 S Farm-Market 4

General Information

Property type
Residential
Property subtype
Office
Parking features
Covered, Carport, Driveway, Secured, RV
Standard status
Active
APN
5139
Lot size
3.44 Acres

Utilities

Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Wall Unit(s), Central Air
Water source
Well

Building Details

Year built
2012
Floors in Building
1
Number of units
4
Flooring type
Laminate, Concrete
Building materials
SteelSiding
Roof type
Metal
Listing Agency Maverick Land Group, LLC
Weatherford, TX
Listed by Levi Gutierrez
Added: Apr 10 Updated: Jul 12 at 1:35 pm Checked: Jul 20 at 8:06 pm
MLS# 21209527

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.

This multi-structure property is set on 3.44 acres and includes multiple residential buildings and a large insulated shop. The primary residence is approximately 1,991 square feet and features two bedrooms, two bathrooms, a spacious living area, a utility room, and a large game room, along with a covered carport and patio. A second residence totals approximately 840 square feet and includes two bedrooms, one bathroom, a full kitchen, a living room, a utility room, an outdoor shower, and covered porches. There is also an additional 144-square-foot cottage that can serve flexible needs as a guest suite, office space, studio, or short-term rental.

The property is supported by a 30-by-40 foam-insulated shop with a 20-by-15 office and bathroom, suitable for workshop space, storage, or commercial service use. Utilities include co-op water servicing one residence and a private water well servicing the second residence. The location is just outside the city limits in the Santo area, with regional access mentioned between Stephenville, Granbury, Mineral Wells, and Gordon.

Overall, the layout combines multiple dwellings with a dedicated insulated shop and office/bath setup, creating a configuration suited to mixed-use, rental, or live-work arrangements using the onsite structures.

Key Highlights

  • 3.44 acres just outside city limits in the Santo area with multiple income‑producing structures.
  • Primary residence built in 2012 offers approx. 1,991 SF with 2 bed, 2 bath, living area, utility room, and game room plus covered carport and patio.
  • Second residence totals approx. 840 SF with 2 bed, 1 bath, full kitchen, living room, utility room, outdoor shower, and covered porches.

Property Analytics

Location Intelligence

Current Use by Public Records

Live-work space

FAQs

What type of property is this?
Live-work space - A multi-unit residential property plus a 30-by-40 insulated shop with an office and bathroom on 3.44 acres.
Where is this live-work space located?
The property is located at 20531 S Farm-Market 4 Lipan, TX.
What is the asking price?
The asking price for this property is $544,995.
What are key features of this property?
This property features: 3.44 acres just outside city limits in the Santo area with multiple income‑producing structures.; Primary residence built in 2012 offers approx. 1,991 SF with 2 bed, 2 bath, living area, utility room, and game room plus covered carport and patio.; Second residence totals approx. 840 SF with 2 bed, 1 bath, full kitchen, living room, utility room, outdoor shower, and covered porches.
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