4078 FM121
Van Alstyne, TX 75495
Listing courtesy of Melissa Henley, LIV Realty, LLC
About this home
Welcome to a rare opportunity in the heart of Van Alstyne, where space, flexibility, and stunning views come together on 1.3 acres of gently elevated land. This exceptional multi-generational property delivers the best of both worlds: a sprawling main residence and a fully updated guest suite, all tucked on a hilltop setting with views that will stop you in your tracks. The main home offers 4 bedrooms, 3 bathrooms, and generously sized rooms throughout, built for real living, not just looking. A sun-drenched sunroom extends your living space and frames the sweeping landscape views perfectly, making it a favorite spot morning, noon, and night. The updated 1 bed and 1 bath guest suite is the true crown jewel of this property's versatility. Fully self-contained with its own living space, full kitchen, laundry room, and private covered porch, this is not a bonus room. It is a complete, functional home unto itself. Whether you are housing aging parents, welcoming adult children, or hosting extended family, this private retreat offers independence without distance. This space also presents serious income potential as a short-term rental. Van Alstyne's explosive growth and proximity to major corridors makes it a compelling opportunity for the buyer looking to offset their mortgage or build passive income from day one. With a full kitchen, laundry room, and its own entrance, guests have everything they need for a comfortable, self-sufficient stay. A barn on the property adds even more functionality, perfect for storage, livestock, a workshop, or hobby farm use. Sitting elevated above it all, this home commands exceptional panoramic views. Additional acreage adjoining the property is also available for sale, offering even more room to expand, build, or simply enjoy added privacy. Van Alstyne ISD. Schedule your private showing today.
Schools
- Elementary
- John and Nelda Partin
- Middle
- Van Alstyne
- High
- Van Alstyne
School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.
Property details
- MLS #
- 21315116
- Property Type
- Residential
- Status
- Active
- County
- Grayson
- Subdivision
- Jones Eli
- Lot Size
- 1.33 acres
- Garage
- 1-car
- HOA Dues
- None
- Days on Market
- New (1 day)
- Listed
- Jun 29, 2026
- Price per Sqft
- $196
Estimate your monthly payment
Estimate only, not a loan offer. Taxes, insurance, and HOA are approximate.
- Principal & interest
- $2,496
- Property taxes (est.)
- $704
- Homeowner's insurance (est.)
- $137
Based on a 30-year fixed loan. Talk to a lender for an accurate quote.
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