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528 Stonegate Dr, Paradise, TX, 76073

3beds
1baths
2,488sqft
$480,000
$193price/sqft
$3,589/moest. monthly cost
$143,560/yrincome needed

About This Home

Welcome to Paradise, Texas where the name truly reflects the setting. This scenic 5-acre, tree-covered property offers a unique opportunity for both investors and future homeowners. The land is lush and green year-round and features two well-maintained mobile homes, both currently producing income. The first home offers 3 bedrooms and 1 bathroom, while the second features 2 bedrooms and 1 bathroom. Both homes have new roofs and are separately metered for electricity, which is paid by the tenants. City water services the property, with usage handled between the tenants, and there are two separate septic systems in place. With no zoning restrictions, this property offers flexibility—continue operating as a rental investment, build a new home, or explore other permitted uses. A county restriction allows one home per 2.5 acres, providing additional development potential. The property currently generates $1,660 in gross monthly rental income, with both tenants on month-to-month leases, offering flexibility for a new owner. Owner financing is available with a substantial down payment at 5% interest for 20 years, making this an attractive opportunity to own acreage in a desirable rural setting.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

5/10
5/10
Paradise Middle SchoolGrades 6-82.5 mi
6/10
Paradise High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 1983

Type & Style

  • Home type: MobileManufactured
  • Architectural style: Mobile Home
  • Property subType: Manufactured Home,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range

Bedroom

  • Level: First
  • Dimensions: 12 x 10

Bedroom

  • Level: First
  • Dimensions: 12 x 12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Cable TV

Interior Area

  • Total interior livable area: 2,488 sqft

Living Room

  • Level: First
  • Dimensions: 15 x 14

Master Bedroom

  • Level: First
  • Dimensions: 15 x 12

Property

Details

  • Parcel number: 767220
  • Exclusions: Minerals,if any.

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 5 Acres

Parking

  • Parking features: Driveway