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  • 6841 Virginia Parkway #Ste 103-448
    McKinney, TX 75071

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North Texas Real Estate Information Systems

© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bloom 5 Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

$1,200,000
For Sale

109 Cole Road

Red Oak, TX 75154
6979 sqft | 7 beds | 7 baths | 7.80 acres | #21100387
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Browse 37 photos
Type:Purchase
Structure:House
Zone:Residential

Description

MULTI-GENERATIONAL LIVING OR INCOME OPPORTUNITY ON 8 SCENIC ACRES!! Discover this rare and versatile property offering three distinct buildings set on 8 heavily treed acres with a picturesque 1-acre pond. Total under-roof area: ~7,000 sq ft across 4 buildings, 7 beds, 8 baths Property Acreage: 7.97 acres, .7 acre pond Building #1: 450 sq ft storage shed Building #2: ~2,000 sq ft event building with 1 bedroom (on-suite) + separate guest bath Building #3: Main house ~2,600 - 3300 sq ft, 4 bedrooms, 2½ baths; master + one bedroom + Living is partially remodeled Building #4: Bardominium duplex (~1,800 sq ft total = 2 units of ~900 sq ft each) Zoning Permitting: Cty annexed (only building & septic permits required) — gives usage flexibility (residential + event rentals) Use Case: Ideal for investor acquisition as an event venue wedding facility + rental income (duplex + guest unit + main house) Investment Highlights: Multi-building layout allows multiple income streams (event venue revenue + residential duplex rental income). Event building in place — reduces repurposing cost compared to starting from scratch. Duplex units provide stable rental cash flow, helping cover property overhead while event business scales. County jurisdiction simplifies permitting (no city zoning change required) — potentially faster time-to-market. Proximity to Dallas Fort Worth metro means access to larger wedding event demand pool plus residential rental demand. Remodel in main house adds value, supports (day of) lodging or owner-residence or short-term rentals. The 7,000 sq ft (under roof) includes multiple buildings (barndo duplex, event building, storage shed) not just the main residence. **The price sq ft premium for high-end, large homes may be higher; but at the same time the unconventional layout may suppress value relative to pure single-family homes because many buyers won’t value the event building or duplex units the same as residence.

  • Interior Details
      • InteriorBuilt In Features, Chandelier, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Wired For Sound
      • Fireplaces3
    • Heating & Cooling
      • CoolingCentral Air, Electric
      • HeatingCentral, Electric
    • Beds & Baths
      • Bedrooms7
      • Bathrooms7
      • Full Baths6
      • Half Baths2
  • Property Details
      • Exterior FeaturesBasketball Court, Lighting, Storage
      • Exterior MaterialsBasketball Court, Lighting, Storage
      • Lot FeaturesAcreage, Pond On Lot
      • Lot DescriptionAcreage, Pond On Lot
    • Measurements
      • Acres7.797
      • Square Feet6979
    • Parking
      • Parking FeaturesAttached Carport, Additional Parking, Boat, Carport
      • Parking TypeGarage
      • Parking Spaces2
  • Construction Details
      • StyleRanch, Barndominium, Detached
      • Property Subtype AdditionalSingle Family Residence
      • Property TypePurchase
    • Condition
      • Year Built1998
    • Material information
      • RoofComposition, Metal
      • FoundationSlab
  • Utilities / Energy Details
      • AppliancesDryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
      • Utility FeaturesSeptic Available, Separate Meters, Water Available
      • Sewer InformationAerobic Septic, Septic Tank
  • Community and Neighborhood Details
      • SubdivisionPrice Estates #3
    • Location
      • School DistrictRed Oak ISD
      • Elementary SchoolEastridge
      • Middle SchoolRed Oak
      • High SchoolRed Oak
      • CountyEllis
  • Financial Details
      • Taxes Annual$10,623
      • Days on Market (Cumulative)1
  • Other
      • MLS #21100387

Location

Legal

© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bloom 5 Real Estate shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

Last Updated: Today at 2:10 AM. Source: NTREIS

Provided By
Listing Agent: Welton Douglas (#0687526)
Listing Office: BLVD Group (#BREG02)

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