UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 6,979 sqft
Price per Sqft $171
Subdivision Price Estates #3
MLS Listing ID 21100387
Style Ranch,Barndominium,Detached
Bedrooms 7
Full Baths 6
Half Baths 2
HOA Y/N No
Year Built 1998
Annual Tax Amount $10,623
Lot Size 7.797 Acres
Acres 7.797
Property Sub-Type Single Family Residence
Property Description
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.
Location
State TX
County Ellis
Direction From 35, exit Red Oak road and head east until Pierce Road. Turn left into onto Cole Road, turn left onto The Douglas Place
Rooms
Other Rooms Gazebo, Other
Interior
Interior Features Built-in Features, Chandelier, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Wired for Sound
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Concrete, Ceramic Tile, Laminate, Luxury Vinyl Plank, Tile
Fireplaces Number 3
Fireplaces Type Bedroom, Bath, Living Room
Fireplace Yes
Appliance Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
Laundry Washer Hookup, Dryer Hookup, ElectricDryer Hookup, Laundry in Utility Room, Stacked
Exterior
Exterior Feature Basketball Court, Lighting, Storage
Parking Features Attached Carport, Additional Parking, Boat, Carport
Garage Spaces 2.0
Carport Spaces 2
Fence Partial
Pool None
Utilities Available Septic Available, Separate Meters, Water Available
Roof Type Composition,Metal
Street Surface Asphalt
Accessibility ADA Compliant, Accessible Full Bath, Accessible Bedroom, Accessible Kitchen, Accessible Approach with Ramp, Accessible Entrance
Porch Covered
Garage Yes
Building
Lot Description Acreage, Pond on Lot
Dwelling Type House
Foundation Slab
Sewer Aerobic Septic, Septic Tank
Level or Stories One
Additional Building Gazebo, Other
Schools
Elementary Schools Eastridge
Middle Schools Red Oak
High Schools Red Oak
School District Red Oak Isd
Others
Tax ID 199118
Security Features Fire Alarm
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, Contract, 1031 Exchange, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21100387
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