Income-producing, multi-use opportunity with picturesque lake views on 6.9 acres. Designed for both lifestyle and revenue, this versatile property offers multiple income streams along with the flexibility to serve as a private residence, weekend retreat, or future development project. The main home features approximately 2,618 square feet, including an enclosed back patio with HVAC and additional lower-level space perfect for extended living, guests. The elevated setting provides peaceful surroundings, scenic views, and frequent wildlife sightings. Outdoors, the property is already equipped for income generation with multiple fully enclosed storage units, covered boat storage, and two RV parking slips with full hookups. This is ideal for short or long-term rentals. With road frontage on two sides and three separate gated entrances, the layout supports privacy, accessibility, and expansion potential. Additional improvements include a detached garage, dedicated spa or hot tub room, and ample open space for future growth or customization. Also, all new Grade-4 roof and brand new septic tanks have been installed. Located just minutes from the boat ramp, you’ll enjoy easy access to the lake without the added cost of waterfront ownership. Whether you’re looking to invest, live, or create a hybrid of both, this property delivers a rare combination of income potential, land, and lifestyle.
| MLS # | 21213545 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1996 |
| Days On Site | 172 |
| Listing Provided By | Post Oak Realty West | Cason Caraway |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,618 |
| Garage | 2 |
| Car Port | Yes |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 6.90 |
| Room Count | 7 |
|---|---|
| Cooling | Ceiling Fan(s), Central Air, Electric |
| Interior Features | Granite Counters, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s) |
| Appliances | Dishwasher, Electric Range |
| Fireplace Features | Living Room |
| Exterior Features | Private Yard, RV/Boat Parking, Storage, Other |
|---|---|
| Roof | Shingle |
| Security Features | Smoke Detector(s) |
| Construction Materials | Siding |
| Lot Features | Acreage, Interior Lot, Many Trees |
| Garage Yn | 1 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Additional Parking, Boat, Covered, Garage, Garage Door Opener, RV Carport |
| Utilities | Septic, Well |
|---|
| Unexempt Taxes | 6088 |
|---|---|
| Tax Legal Description | EL LAGO ESTATES 6.9000 ACRES |
| State | TX |
|---|---|
| County | Wise |
| City | Chico |
| Zip Code | 76431 |
| Area | Wise |
| Community Name | El Lago Estates |
| School District | Chico ISD |
| Elementary School | Chico |
| High School | Chico |
| Listing VS Median (in El Lago Estates) | |
Price: $799,900 low | high Med: $564,450 sqft: 2,618 low | high Med: 1,492 $ / sqft: $306 low | high Med: $603 On site: 172 low | high Med: 109.5 | |
| State | TX |
|---|---|
| County | Wise |
| City | Chico |
| Zip Code | 76431 |
| Area | Wise |
| Community Name | El Lago Estates |
| School District | Chico ISD |
| Elementary School | Chico |
| High School | Chico |
| Listing VS Median (in El Lago Estates) | |
Price: $799,900 low | high Med: $564,450 sqft: 2,618 low | high Med: 1,492 $ / sqft: $306 low | high Med: $603 On site: 172 low | high Med: 109.5 | |
![]() | $1,100,000491 Cozy Cove CourtChico, TX 76431 |