
Mixed-Use Land for Sale in Van Alstyne, Texas
12900 FM 121, Van Alstyne, TX 75495
Rare event-venue and income estate on 3.9 unrestricted acres in fast-growing Van Alstyne, along the US-75 Silicon Prairie corridor. The property has operated as a wedding and event venue with short-term-rental stays and offers multiple revenue streams under one roof. The ~6,000 SF main home features 6 beds, 3.5 baths, dual primary suites, a chef's kitchen, and a game room with wet bar. An ~1,800 SF barndo-style event venue includes a kitchen, bathrooms, and an outdoor kitchen, with a separate get-ready tiny house for wedding parties. A pool house with 1 bedroom, full kitchen, bath, and 1-car garage is currently leased month-to-month, providing in-place income. Resort-style grounds include a gunite pool, hot tub, gazebo, and a private bass-stocked pond. Recent capital improvements include a 2023 piered foundation with warranty, a ~2.5-year-old roof, and newer HVAC. No HOA and A-rated Van Alstyne ISD schools. Ideal for an event-venue operator, short-term-rental investor, family compound, hobby farm, corporate retreat, or 1031 exchange.
Location
- Street address
- 12900 FM 121
- County
- Grayson County
- Zip code
- 75495
- Community
- Simco Estates
- Elevation
- 685 feet
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.
Property details
- Acreage
- 3.09 acres
- MLS #
- NTREIS 21316650
- Posted
Property taxes
- Recent
- $37,548
Parcels
- 135555
Legal description
SIMCO ESTATES, LOT 1, ACRES 3.09
Details and features
Listing
- Type
- Commercial Sale
Lot
- View
- Water
- Waterfront
- Lake Front
- Features
- Acreage, Back Yard, Interior Lot, Lawn, Many Trees, Pond On Lot, Sprinkler System
Exterior
- Parking
- Covered, Driveway, Garage, Guest, Open, Oversize, Tandem
Structure
- Stories
- 3
- Sewer
- Aerobic Septic
- Heating
- Central, Electric, Fireplace(s)
- Cooling
- Ceiling Fan(s), Central Air, Multi Units
- Materials
- Brick, Metal Siding
- Roof
- Composition, Shingle
Interior
- Flooring
- Carpet, Tile
- Fireplaces
- Yes
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 5, 2026 | New listing | $1,599,900 | — | NTREIS |





































