691 Bear Road
Van Alstyne, TX, United States
$699,000
Active

691 Bear Road Van Alstyne, TX 75495

Property Features

  • 2 Beds
  • 2 Full Baths
  • 1 Half Baths
  • MLS # 21142262
  • Lot Size: 3.5 acres
  • Year Built: 1989

Property Description

Rare 3.5-Acre Multi-Structure Estate on 2 LOTS with $4000+ Monthly Revenue Potential. Discover an unmatched income-generating retreat or multi-generational compound across two distinct lots. LOT 1 (1.5 Acres): The Architectural Main Residence The centerpiece is a stunning 2,579 sq. ft. A-frame, completely renovated offering Bohemian Grandeur. " Stats: 2 Bed, 2.5 Bath, Recent Roof and siding, Recent AC, & Water Heater. " Features: Massive open-concept living, culinary kitchen with new appliances and an oversized primary suite. The new 800 sq. ft. deck offers tranquil views of the private woods and creek beyond. LOT 2 (2 Acres): The Income Engine Maximize your ROI with two additional structures designed for the high-demand STR (Short Term Rental) market. " The Guest House: A fully functional 800 sq. ft. home (1 Bed, 1 Bath) currently generating $2,000per mo. in Airbnb revenue and featuring a kitchenette, downstairs living, and a private upstairs suite with a signature al fresco soaking tub. " The Dome: A 720 sq. ft. air-conditioned dome style retreat, currently used as a studio. Add a bathroom to unlock an estimated additional $2,000 per mo. in potential STR income. With flexible zoning potential and established revenue, this property is a partial turnkey solution for an owner-occupant looking to cover a part of investment with STR income, or an investor seeking a unique portfolio with growth potential.

Property Highlights

  • Cooling: Central A/C - Electric
  • Fireplace Count: 1 Fireplace
  • Sewer: Septic
  • Water: City Water

Location

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