Endless Possibilities on 7+ Acres – Historic Charm, Multiple Homes & Income Potential
Welcome to a truly one-of-a-kind property where history, versatility, and opportunity come together. Nestled on over 7 beautiful acres, this exceptional estate offers a stunning 3,982 sq. ft. main residence, multiple income-producing living spaces, abundant storage, and room to create the lifestyle you’ve always imagined.
Originally built in 1921, the two-story main home blends timeless character with spacious living. Inside, you’ll find 3 bedrooms, 2.5 bathrooms, including a primary suite on the first and second floor ideal for multigenerational living or accommodating long-term guests.
The heart of the home features an inviting living room centered around a classic brick fireplace, while the spacious kitchen offers a gas range, and plenty of room for gathering. A dedicated laundry room includes generous counter space and a utility sink, making everyday even more convenient. A sunroom provides the perfect place to enjoy morning coffee and peaceful views, while also offering flexibility as a second living area.
Step outside and discover what truly sets this property apart.
In addition to the main residence, you’ll find multiple income-producing opportunities, including:
A 1-bedroom, 1-bath apartment
A separate efficiency apartment
An older single-wide mobile home
The property includes multiple storage buildings, an older greenhouse, a covered two-car carport, and an entrance gate providing secure secondary access, and a peaceful stock pond.
Whether you’re searching for a family estate, investment property, hobby farm, multi-generational living, or a place with room to grow, this remarkable property offers possibilities that are increasingly difficult to find.
Properties with this much space, history, flexibility, and income potential rarely come available. Schedule your private showing today and experience everything this unique estate has to offer.
For sale
Price cut: $100K (8/27)
$599,500
18589 Fm 1565, Terrell, TX 75160
3beds
3,982sqft
Single Family Residence
Built in 1921
7.25 Acres Lot
$566,500 Zestimate®
$151/sqft
$-- HOA
What's special
Two-story main homeSpacious livingOlder greenhousePeaceful stock pondMultiple storage buildingsTimeless characterCovered two-car carport
- 49 days
- 238
- 14
Zillow last checked:
Listing updated:
Listed by:
Bobby Spears 0631756 972-551-1234,
Oakley Real Estate, LLC 972-551-1234,
Justin Spears 0853759 210-835-7798,
Oakley Real Estate, LLC
Source: NTREIS,MLS#: 21306181
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: First
- Dimensions: 15 x 15
Primary bedroom
- Level: Second
- Dimensions: 15 x 15
Bedroom
- Level: Second
- Dimensions: 15 x 15
Primary bathroom
- Level: First
- Dimensions: 10 x 17
Primary bathroom
- Level: Second
- Dimensions: 7 x 16
Breakfast room nook
- Level: First
- Dimensions: 14 x 12
Dining room
- Level: First
- Dimensions: 15 x 16
Half bath
- Level: First
- Dimensions: 5 x 5
Kitchen
- Level: First
- Dimensions: 14 x 15
Laundry
- Level: First
- Dimensions: 9 x 9
Living room
- Level: First
- Dimensions: 20 x 27
Sunroom
- Level: First
- Dimensions: 15 x 19
Appliances
- Included: Gas Range
Features
- Eat-in Kitchen, Kitchen Island, Multiple Master Suites, Pantry, Walk-In Closet(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room, Masonry, Raised Hearth, Wood Burning
Interior area
- Total interior livable area: 3,982 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch, Covered
- Exterior features: Garden, Storage
- Pool features: None
- Fencing: Barbed Wire,Fenced,Pipe
Lot
- Size: 7.25 Acres
- Features: Acreage, Back Yard, Lawn, Pond on Lot, Many Trees
- Residential vegetation: Brush, Cleared, Grassed, Partially Wooded
Details
- Additional structures: Barn(s), Garage(s), Greenhouse, Mobile Home, Other, Second Residence, RV/Boat Storage, See Remarks, Storage, Workshop
- Parcel number: 14456
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Detached
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Resale
- Year built: 1921
Utilities & green energy
- Sewer: Aerobic Septic
- Utilities for property: Electricity Connected, Overhead Utilities, Septic Available
Community & HOA
Community
- Subdivision: A0529
HOA
- Has HOA: No
Location
- Region: Terrell
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $327,597
- Annual tax amount: $5,763
- Date on market: 7/17/2026
- Cumulative days on market: 44 days
- Listing terms: Cash,Conventional
Estimated market value
$566,500
$538,000 - $595,000
$3,052/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Price change | $599,500-14.3%$151/sqft |
Source: NTREIS #21306181 Report a problem | ||
| 7/23/2026 | Listed for sale | $699,500$176/sqft |
Source: NTREIS #21306181 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,972 -17.4% | $327,597 -39.5% |
| 2024 | $6,023 -3% | $541,285 +13.1% |
| 2023 | $6,207 +238.8% | $478,665 +138.8% |
| 2022 | $1,832 -43.3% | $200,410 -20.8% |
| 2021 | $3,231 +5.9% | $253,028 +11.5% |
| 2020 | $3,051 | $226,901 +10.6% |
| 2019 | -- | $205,137 +27.5% |
| 2018 | $2,318 | $160,920 +4.3% |
| 2017 | $2,318 +0.5% | $154,320 +7.7% |
| 2016 | $2,306 -3.2% | $143,300 -0.4% |
| 2015 | $2,383 | $143,840 -2% |
| 2014 | $2,383 | $146,730 -1.9% |
| 2013 | -- | $149,630 +0.2% |
| 2012 | -- | $149,310 -0.9% |
| 2011 | -- | $150,710 -1.8% |
| 2010 | -- | $153,530 -4.7% |
| 2009 | -- | $161,030 -1.8% |
| 2008 | -- | $164,030 +0.9% |
| 2007 | -- | $162,610 +4.7% |
| 2006 | -- | $155,240 +23.7% |
| 2005 | -- | $125,460 0% |
| 2004 | -- | $125,467 -5.1% |
| 2003 | -- | $132,180 +9.4% |
| 2001 | -- | $120,770 |
| 2000 | -- | $120,770 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 75160
Nearby schools
Schools provided by the listing agent
- Elementary: Burnett
- Middle: Furlough,Wood
- High: Terrell
- District: Terrell ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





