292 Pam Dr, Chico, TX 76431

$799,900
3
BD
3
BA
2,618
SqFt

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List Price
$799,900
Price Change
▼ $48,000 1781640344
MLS#
21213545
Status
ACTIVE
Type
Single Family Residential
Subtype
Residential
Style
Traditional, Detached
Year Built
1996
Construction Status
Preowned
Bedrooms
3
Full Baths
3
Acres
6.90
Living Area
2,618
County
Wise
City
Chico
Subdivision
El Lago Estates
Number of Stories
2
Architecture Style
Traditional, Detached

Property Description

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.

Additional Information

Unexempt Taxes
$6,088
Amenities
Fireplace
Lot Size
300,564
Acres
6.90
Lot Description
Irregular Lot, Trees
Interior Features
Granite Counters, Kitchen Island, Vaulted/Cathedral Ceilings, Walk-In Closet(s)
Flooring
Carpet, Tile, Hardwood
Roof
Shingle
Stories
2
Pool Features
None
Fireplaces
1
Fireplace Type
Living Room
Exterior
Other, Private Yard, Storage
Garage Spaces
2
Parking Garage
Additional Parking, Covered, Garage, Garage Door Opener, RV Carport, Rv/Boat Parking, Rv/Boat Parking
School District
Chico Isd
Elementary School
Chico
Middle School
Chico
High School
Chico
Possession
Negotiable

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Cason Caraway from Post Oak Realty West. Contact: (940) 384-7355