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For sale
    • $550,000

    5008 E Highway 158, Midland, TX 79706

    5beds
    4,304sqft
    : 
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    Single Family Residence
    Built in 1940
    2 Acres Lot
    $-- Zestimate®
    $128/sqft
    $-- HOA

    What's special

    Water wellOutdoor entertainment spaceMetal roof
    Versatile Multi-Residence Property on ~2 Acres in Greenwood ISD — Ideal for Investors, Business Owners, or Live-Work Living! Located in Greenwood ISD featuring 3 updated residences, ideal for investors, employee housing, or live-work use. Horse-ready with 3 stalls, tack room, corral, & water trough. Plenty of space for trailers, (2)RV hookups, & livestock. Includes water well, metal roof, 2-car garage, 2-car carport & outdoor entertainment space. Located just minutes from town, this unique property offers excellent income potential & flexibility for multi-family living or business operations.
    4 days
    |
    350
    |
    25
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dale Lookabaugh 432-553-0766,

    The Bill Lanier Team

    Source: PBBR,MLS#: 50094526MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Primary bedroom
      • Features: Separate Closets, Sequestered Master
      Primary bathroom
      • Features: Double Vanity
      Dining room
      • Features: Formal Area, Other-See Remarks
      Kitchen
      • Features: Breakfast
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Microwave, Electric Range, Free-Standing Range, Other-See Remarks, Multiple Water Heaters
      • Laundry: Inside Utility Room
      Features
      • High Ceilings, Ceiling Fan(s), Pantry, Garden/Sun Room
      • Flooring: Other, Tile
      • Windows: Shades/Blinds
      • Has fireplace: Yes
      • Fireplace features: Wood Burning, Other-See Remarks
      Interior area
      • Total structure area: 4,304
      • Total interior livable area: 4,304 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: Attached, Parking Pad, RV Access/Parking, Auto Garage Opener
      • Attached garage spaces: 2
      • Carport spaces: 4
      • Covered spaces: 6
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio-Covered, Patio-Open, Wood Deck
      • Pool features: None
      • Has spa: Yes
      • Spa features: Bath
      • Fencing: Metal
      Lot
      • Size: 2 Acres
      • Features: Landscaped
      Details
      • Additional structures: Barn/Stable, Guest House
      • Parcel number: R000000828

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Other
      • Foundation: Slab
      • Roof: Metal
      Condition
      • Pre-Owned
      • Year built: 1940

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: With Pump, Well

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Midland

      Financial & listing details

      • Price per square foot: $128/sqft
      • Tax assessed value: $250,030
      • Annual tax amount: $470
      • Date on market: 7/17/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/17/2026Listed for sale$550,000-8.3%$128/sqft
        Source: PBBR #50094526 Report a problem
        6/1/2026Listing removed$600,000$139/sqft
        Source: PBBR #50094526 Report a problem
        5/22/2026Contingent$600,000$139/sqft
        Source: PBBR #50094526 Report a problem
        5/14/2026Price change$600,000-4%$139/sqft
        Source: PBBR #50094526 Report a problem
        4/22/2026Listed for sale$625,000$145/sqft
        Source: PBBR #50094526 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$470 -51.5%$250,030 -2.1%
        2024$970 +2.5%$255,520 +3.4%
        2023$947 -54.8%$247,150 0%
        2022$2,092 -4.8%$247,170 +7.3%
        2021$2,198 $230,260 +2.3%
        2020-- $225,070
        2019$1,843 -15.5%$225,070 +25.7%
        2018$2,181 $179,040 +9.7%
        2017-- $163,220 +19.1%
        2016-- $137,090
        2015-- $137,090 -1.5%
        2014-- $139,230 +6.3%
        2013-- $130,920 +25.2%
        2012-- $104,600 +0.7%
        2011-- $103,830 -0.2%
        2010-- $104,050 +9.5%
        2009-- $95,040 +9.4%
        2008-- $86,860 +9.4%
        2007-- $79,410 +9.3%
        2006$954 $72,650
        2005-- $72,650 +9.1%
        2004-- $66,610
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 79706

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Greenwood
        • Middle: Greenwood
        • High: Greenwood
        • District: Greenwood

        Source: PBBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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