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Days26Days on Market
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$1,949,000

$2,100,000

131 County Road 3351, Paradise, TX, 76073

On MarketInfo
Price DropInfo
Beds12 Beds
Baths9 Bath
Baths3,500 Sq Ft
DuplexDuplex
price_per_sqft$556.86 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 12Bedrooms 12
Bathrooms 9Bathrooms 9
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Electric Range, Gas Cooktop, Microwave, Tankless Water Heater, Water Softener
FlooringCarpet, Concrete, Tile, Vinyl

Exterior

Lot Size2.82 acres

Building Information

Year Built2019
Garage Spaces2

Land Information

APNR0940.0022.01
Lot Number22
SubdivisionGillespie Addn
Land UseResidential
Legal DescriptionLOT 22 GILLESPIE ADDN, UNDIVIDED INTEREST 66.6667000000%
Census Tract150403
Assessed Land Value$95,050
Assessed Improvement Value$601,266
Assessment Year2025

About this property

**Get paid to live in Paradise — Beautiful Home + Immediate Income Opportunity** Rare opportunity to own a stunning 3,500 square foot home on almost 3 beautiful acres in Paradise — complete with built-in income-producing property already in place. This spacious main home features 4 bedrooms, 3 bathrooms, and a dedicated media room, offering plenty of space for comfortable living and entertaining. Enjoy the privacy and peaceful setting while benefiting from an exceptional investment opportunity right outside your door. The property also includes 3 duplexes (6 total rental units) currently generating approximately $97,000 per year in income. With 100% occupancy & leases already in place, cash flow begins immediately at closing. Whether you're looking for a homestead with supplemental income, a multi-family investment, or the chance to offset your mortgage entirely, this property delivers. You can literally get paid to live there. Properties offering this combination of lifestyle, land, and reliable income are extremely hard to find.

Investor Tools

$0Estimated Mortgage Balance
$696,316Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,694 /month
Positive
Cash Flow Estimate:
$3,898 /month

Interested in this property?

Brittany Allred

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,082/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,499
$696,316
2025
$95,050
$601,266
$696,316
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,499
$696,316

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$696,316
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Paradise

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131 County Road 3351 | Property Details | No Agent List