Edgewood, TX 75117
$699,900List Price
$6,043 Est. Mo. Payment
For a given home price of $699,900, the monthly mortgage is computed using a 5% down payment ($34,995) and a 7.5% annual interest rate, spread over 360 payments.
6
4
2
3,024ft2

Status

Available

Description

Welcome to Fallow Hills, a stunning 16.6+- acre property that once served as a sanctuary for majestic fallow deer. This enchanting estate comes with two newly renovated homes that are fully stocked and furnished, currently thriving as a successful Airbnb, with projections to generate $100,000 in rental income by the end of 2024. Each home features its own hot tubs and multiple porches, decks, and patios—perfect for relaxing while enjoying breathtaking views of the surrounding landscape. With rolling hills, ancient trees, and two picturesque ponds—one a full 5 acres teeming with fish—this property is a nature lover's paradise, complete with walking trails inviting exploration and adventure. As you enter through the private automatic gate, you’ll be captivated by views of expansive ponds framed by meticulously trimmed trees, creating a serene entrance. The unique combination of rocky soil and undulating hills gives this property a distinctive mountain-like feel, perfect for escaping everyday stresses. Behind one of the homes, you’ll find a spacious shop with two large overhead doors, ideal for storing boats, RVs, or other toys. Additionally, a carport connected to one of the houses offers convenient shelter for vehicles, while sheds on each side provide extra storage space. The property also includes a well, ensuring a sustainable water supply without the worry of bills. There’s also access to co-op water from the street if you need that! With easy access to I-20 and located just 50 minutes east of Dallas, consider the potential for transforming Fallow Hills into a tiny home community or multi-building retreat. There’s endless opportunity here! All land is ag-exempt, offering tax benefits. Both homes are successful Airbnb’s, and the current owners are eager to pass on this fully functioning Airbnb to continue its success. Don’t miss your chance to own a piece of paradise at Fallow Hills—where nature, comfort, and opportunity converge!

MLS Listing ID

20759897

Listed By

John Brannon
903-873-2141
Century 21 NexGen Realty

Map

High School
Edgewood
Elementary School
Edgewood
High School District
Edgewood ISD
Middle Or Junior School
Edgewood
This expanded setting will include additional fields to closer define your loan needs and payment amount.
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Estimated Monthly Payment

$6,043

Loan Amount

$664,905

This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. First Choice Lending Group can provide you an approval within 48hrs.

Home Facts

Bathroom

Bathrooms Full
4

Kitchen

Appliances

  • Wine Cooler
  • Microwave
  • Dishwasher
  • Electric Water Heater
  • Washer
  • Disposal
  • Vented Exhaust Fan
  • Dryer
  • Electric Range
  • Some Commercial Grade
  • Refrigerator
  • Convection Oven

Laundry

Laundry Features

  • Electric Dryer Hookup
  • Laundry in Utility Room
  • Washer Hookup

Highlights

Interior Features

  • Built-in Features
  • Tile Counters
  • Open Floorplan
  • Wired for Sound
  • Vaulted Ceiling(s)
  • Multiple Master Suites
  • Kitchen Island
  • Walk-In Closet(s)
  • High Speed Internet
  • Granite Counters

Roof

  • Metal

Sewer

  • Aerobic Septic

Levels

  • One and One Half

Cooling

  • Ceiling Fan(s)
  • Central Air

Fencing

  • Partial

Current Use

  • Timber
Garage Spaces
2
Lot Size Acres
16.7
Parcel Number
R105546

Pool Features

  • None
Property Type
Residential
Carport Spaces
2
Covered Spaces
2

Window Features

  • Window Coverings

Parking Features

  • Covered
  • Additional Parking
  • Garage
  • Attached Carport
  • Concrete
Property Sub Type
Farm
Attached Garage

Road Frontage Type

  • All Weather Road
  • Private Road

Patio And Porch Features

  • Covered
  • Deck
  • Side Porch
  • Patio
  • Front Porch
Virtual Tour
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Flooring

  • Luxury Vinyl Plank
  • Luxury Vinyl
  • Ceramic Tile
Year Built
1994

Road Surface Type

  • Gravel

Foundation Details

  • Pillar/Post/Pier
  • Slab

Architectural Style

  • Farmhouse

Construction Materials

  • Cedar

Heating

  • Central
Heating

Utilities

  • Septic Available
  • Overhead Utilities
  • Water Available
  • Electricity Connected