TX > Red Oak > Price Estates #3
Red Oak, TX 75154,109 Cole Road
Red Oak, TX 75154,109 Cole Road
Red Oak, TX 75154,109 Cole Road
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
31
Oct
Sat
1
Nov
Sun
2
Nov
Found It Team

Found It Team

+1(800) 790-7576
$1,200,000
Est. payment /mo
7 Beds
8 Baths
6,979 SqFt
Save

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

Subdivision Price Estates #3

MLS Listing ID 21100387

Style Barndominium,Ranch

Bedrooms 7

Full Baths 6

Half Baths 2

HOA Y/N None

Year Built 1998

Annual Tax Amount $10,623

Lot Size 7.797 Acres

Acres 7.797

Property Sub-Type Single Family Residence

Property 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.

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

Dining Room 4

Interior

Interior Features Built-in Features, Chandelier, Flat Screen Wiring, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Ceramic Tile, Concrete, Laminate, Luxury Vinyl Plank, Tile

Fireplaces Number 3

Fireplaces Type Bath, Bedroom, Living Room

Appliance Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Refrigerator

Heat Source Central, Electric

Laundry Electric Dryer Hookup, Utility Room, Full Size W/D Area, Stacked W/D Area, Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Basketball Court, Lighting, Storage

Garage Spaces 2.0

Carport Spaces 2

Fence Partial

Utilities Available Aerobic Septic, Asphalt, Individual Water Meter, Septic

Roof Type Composition,Metal

Accessibility Accessible Approach with Ramp, Accessible Bath - Full, Accessible Bath - Half+Hall, Accessible Bedroom, Accessible Entrance, Accessible Kitchen, Meets ADA Requirements

Total Parking Spaces 4

Garage Yes

Building

Lot Description Acreage, Tank/ Pond

Story One

Foundation Slab

Level or Stories One

Structure Type Brick,Fiberglass Siding,Metal Siding

Schools

Elementary Schools Eastridge

Middle Schools Red Oak

High Schools Red Oak

School District Red Oak Isd

Others

Ownership Welton Douglas

Acceptable Financing 1031 Exchange, Cash, Contract, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Contract, Conventional, FHA, VA Loan

Special Listing Condition Flood Plain

Read Less Info
North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2025 North Texas Real Estate Information Systems.
Listed by Welton Douglas • BLVD Group

SEE INSIDE THE HOME

109 Cole Road

SEARCH HOMES BY CITY
 
Found It Homes

Found It Homes

Agent

+1(800) 790-7576

How can we help?
 

First Name
Last Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Found It Homes, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.