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About This Home

This 3-bedroom, 3-bathroom single family at 16583 Bowling Lane in Terrell, TX is listed for $965,000 ($301 per sqft). Built in 1990, the home offers 3,210 sqft of living space on a 13.96 acres lot.

Agent Description

Welcome to a one-of-a-kind investment and development opportunity at Terrell! Situated on approximately 13.96 acres at 16583 Bowling Lane, this versatile property offers endless potential for investors, developers, or anyone looking to create their own private Texas retreat.

The property currently features 5 slab-built homes, 2 trailer homes, and 2 ponds, with all residences producing active monthly rental income, currently producing $4,800 a month. Whether you’re looking for an income-producing portfolio, multi-family setup, future development project, or a place to build your dream home while generating cash flow, this property checks every box.

With nearly 14 acres of usable land, the possibilities are truly endless — continue operating as an income-producing property, redevelop and expand, create a family compound, establish a ranch-style retreat, or build your custom dream home surrounded by wide open Texas space. The combination of existing infrastructure, multiple residences, water features, and acreage makes this an incredibly rare find in the growing Terrell area.

Conveniently located with quick access to nearby highways while still offering privacy and room to spread out, this property blends opportunity, flexibility, and long-term upside all in one. Opportunities like this do not come around often!

Key Features

  • Built in 1990
  • 13.96 acre lot

Property Details

1 story
3 full
1990

Monthly Cost Estimate

$5,161/mo

20% down · 6.5% · 30 years

Principal$698
Interest$4,182
Insurance$281

Estimates only. Actual payments may vary.

Location

16583 Bowling Lane

Terrell, TX 75161

Bowling Sub Unfiled

Features & Amenities

Interior Features

Walk-in Closet(s)

Property Details

Construction

Brick

Appliances

DishwasherWasher

Questions & Answers

This 3-bedroom, 3-bathroom single family at 16583 Bowling Lane is listed at $965,000 ($301/sqft). The estimated monthly payment is $4,182 based on 20% down at 6.5% interest.

Key features include: Built in 1990, 13.96 acre lot. Interior Features: Walk-in Closet(s).

This property is listed by Alejandro Santamaria and can be reached at 4694677755 or santamariahomes19@gmail.com.

AS

Alejandro Santamaria

Agent at Keller Williams Central

(469) 467-7755

Listed by Keller Williams Central · View on Broker Site

MLS# 21280178· Source: listhub· Updated today

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16583 Bowling Lane, Terrell, TX 75161

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