Residential Land with Home for Sale in Lebanon, Missouri
23598 Falcon Rd, Lebanon, MO 65536
Versatile Estate on 9.8 Acres with Dual Living Quarters & Income Potential
This is an exceptional 5,800 sq ft property on 9.8 acres that offers a rare combination of space, flexibility, and income-producing potential. Designed with Upstairs and Downstairs living that features Independent Utilities and both areas have Complete Living Setups that include Full Kitchens, Laundry, Bathrooms, Living Room, and Bedrooms--making it ideal for multi-generational living, rental income, or private guest accommodations.
The home includes 4 bedrooms and 4.5 bathrooms, highlighted by multiple Oversized Bedroom Suites, along with a Dedicated Office and Hobby room that could be used for an additional bedroom. The Residence is ADA-compliant and wheelchair accessible, thoughtfully designed for comfort and accessibility throughout.
Recent updates in 2021 include a New metal roof, New insulated shop building with water & electric, and a Composite deck. This home is equipped with geothermal heating, providing long-term energy efficiency and reduced utility costs.
The land offers excellent hay or farming income potential, while outbuildings enhance the property's functionality. A 40x50 insulated shop features concrete floors, ample electrical service, a storage loft, and a generous workspace. An additional equipment shed provides even more storage for agricultural or recreational needs. This unique property is perfectly suited for a working homestead, investment opportunity, or expansive private residence with unmatched flexibility and potential.
In Addition to all this, the seller is offering a $25,000 CREDIT to go towards updates of your choice.
Location
- Street address
- 23598 Falcon Rd
- County
- Laclede County
- Community
- Southeast LAC
- School district
- Lebanon R-III
- Elevation
- 1,239 feet
Directions
Hwy 32 E, Right on Pine Tree, left at Falcon. Property is on the right, Sign by driveway
Property details
- Acreage
- 9.8 acres
- MLS #
- MARIS 26000785
- Posted
Property taxes
- 2025
- $2,898
Parcels
- 12-4.0-20-000-000-004.004
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Exterior
- Parking Spaces
- 4
- Parking
- Attached Garage, Carport, Driveway, Garage, Paved or Surfaced, Workshop
- Features
- Level
Structure
- Style
- New Traditional
- Stories
- 1
- Heating
- Fireplace(s), Forced Air, Geothermal
- Cooling
- Ceiling Fan(s)
- Materials
- Brick, Brick Veneer, Concrete, Frame, Vinyl Siding
- Roof
- Metal
Interior
- Room Count
- 15
- Rooms
- Basement, Bathroom x 5, Bedroom x 5
- Appliances
- Cooktop, Dishwasher, Dryer, Electric Cooktop, Microwave, Range, Refrigerator, Trash Compactor, Washer
- Features
- Bar, Breakfast Bar, Built-In Features, Ceiling Fan(s), Double Vanity, Entrance Foyer, Recessed Lighting, Separate Dining, Separate Shower, Vaulted Ceiling(s), Walk-In Closet(s)
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Lebanon RIII | Elementary | Lebanon R-III | — |
| Lebanon Middle School | Middle | Lebanon R-III | — |
| Lebanon Sr. High | High | Lebanon R-III | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Jan 9, 2026 | New listing | $575,000 | — | MARIS |