Residential Land with Home for Sale in Lavon, Texas

Ag-Exempt Estate with Multi-Generational Living and Income Potential Discover luxury and versatility on an 8.267-acre property combining two adjacent lots for $1,600,000. The custom-built 3,116 sq. ft. home features 4 bedrooms, including a primary suite with Venetian plaster molding, dual walk-in closets, and a newly remodeled ensuite bath. The open-concept living and dining areas boast a Venetian plaster fireplace and abundant natural light. Built on a pier and beam foundation, the home includes radiant barrier, solar screens, and metal roof. The property also offers a first-floor studio apartment (1,237 sq. ft.) and a second-story one-bedroom apartment (1,037 sq. ft.) for guests or rental income. Features include a workshop in an oversized two-car garage, two hay barns, a pet kennel, a she-shed, and five security cameras. The backyard oasis includes an above-ground pool with concrete decking, a wooden patio, and mature trees. This property is pure tranquility and opportunity.