Land with Home for Sale in Lipan, Texas

Income Potential Meets Country Living!

Discover a rare opportunity on 3.44 well-maintained acres in highly sought-after Santo ISD, just outside the city limits. With multiple homes, guest space, and a large shop, this versatile property is perfectly suited for multi-generational living, rental income, or a home-based business—all in one location. The main home (1,991 sq ft) features 2 bedrooms, 2 bathrooms, a spacious living area, utility room, and a large game room, along with a covered carport and patio—ideal for comfortable everyday living. A second home (840 sq ft) includes 2 bedrooms, 1 bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches. This space is perfect for long-term rental, short-term rental income, or extended family. The property also includes a charming 144 sq ft cottage, providing additional private space for guests, an office, or another potential rental opportunity. For those needing workspace, the 30×40 foam-insulated shop with a 20×15 office and bathroom creates an excellent setup for a home business, workshop, or additional income venture. Water sources include co-op water for one home and well water for the other, adding convenience and flexibility. Located centrally between Stephenville, Granbury, Mineral Wells, and Gordon, you’ll enjoy easy access to shopping, dining, medical facilities, and more while still experiencing peaceful country living. Whether you’re looking for a strong income-producing investment, a multi-family setup, or room for a growing family, this property offers endless possibilities.