# 506 Meadow Drive, Gainesville, TX 76240 > **TL;DR:** 3bd/1ba single family, $230,000 ($193/sqft), built 1959, 1,190 sqft. > A/C. Est. $1,230/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $230,000 | | Price/sqft | $193 | | Bedrooms | 3 | | Bathrooms | 1 full | | Square Feet | 1,190 | | Year Built | 1959 | | Lot Size | 8,276 sqft (0.19 acres) | | Stories | 1 | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,163 | | Estimated Insurance | $67 | | **Total** | **$1,230** | ## Nearby Schools - **Elementary:** Edison - **Middle:** Gainesvill - **High:** Gainesvill ## Key Amenities - A/C ## Property Highlights - Built in 1959 - 0.19 acre lot ## Description ### Agent Description Recently remodeled and move-in ready, this 3-bedroom, 1-bath home offers a strong opportunity for both homeowners and investors. The property has been completely remodeled within the last year, giving buyers the benefit of updated finishes and improved functionality without the typical renovation costs. Inside, you'll find a large primary living area plus a secondary living space, providing flexibility for a second family room, game room, office, or additional rental value potential. The layout makes the home feel spacious and adaptable for a variety of living arrangements. Situated on a good-sized lot, the property also features a two-car carport and plenty of outdoor space. With the recent remodel already completed, this home presents an excellent turn-key rental opportunity or low-maintenance investment in a growing area of Gainesville. Conveniently located near schools, shopping, and local amenities, 506 Meadow delivers updated living, solid rental potential, and long-term value. ## Location - **Address:** 506 Meadow Drive, Gainesville, TX 76240 - **County:** Cooke - **Neighborhood:** Joy Acres - **Coordinates:** 33.619477, -97.127087 - **Google Maps:** https://www.google.com/maps?q=33.619477,-97.127087 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21193787 ## Listing Agent - **Name:** Trent Trubenbach - **Brokerage:** Scribner Real Estate, INC - **Phone:** (940) 440-4200 - **Broker Phone:** (940) 440-4200 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/506-Meadow-Dr_Gainesville_TX_76240_M71508-91762?f=listhub&s=NTREIS&m=21193787&c=propsimple) ## Photos ![506 Meadow Drive - Photo 1](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f1986270117r.jpg) ![506 Meadow Drive - Photo 2](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f3412642376r.jpg) ![506 Meadow Drive - Photo 3](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f1851668955r.jpg) ![506 Meadow Drive - Photo 4](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f2621100153r.jpg) ![506 Meadow Drive - Photo 5](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f903193493r.jpg) ![506 Meadow Drive - Photo 6](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f4103372587r.jpg) ![506 Meadow Drive - Photo 7](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f1986270117r.jpg) ![506 Meadow Drive - Photo 8](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f1200828824r.jpg) ![506 Meadow Drive - Photo 9](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f2138001684r.jpg) ![506 Meadow Drive - Photo 10](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f3204463387r.jpg) ![506 Meadow Drive - Photo 11](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f2138383982r.jpg) ![506 Meadow Drive - Photo 12](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f2472306643r.jpg) ![506 Meadow Drive - Photo 13](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f3070455797r.jpg) ![506 Meadow Drive - Photo 14](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f3315903968r.jpg) ![506 Meadow Drive - Photo 15](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f644586800r.jpg) ![506 Meadow Drive - Photo 16](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f1203273940r.jpg) ![506 Meadow Drive - Photo 17](http://lh.rdcpix.com/7aacd8bb85eb272316ce3a4a8faa0f9dl-f2772382902r.jpg) --- **MLS#:** 21193787 | **Updated:** 2026-09-08 **Source:** listhub *Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/506-meadow-drive-gainesville-tx-76240-21193787) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/506-meadow-drive-gainesville-tx-76240-21193787#listing", "url": "https://www.propertysimple.ai/listing/506-meadow-drive-gainesville-tx-76240-21193787", "name": "506 Meadow Drive, Gainesville, TX 76240", "description": "Recently remodeled and move-in ready, this 3-bedroom, 1-bath home offers a strong opportunity for both homeowners and investors. The property has been completely remodeled within the last year, giving buyers the benefit of updated finishes and improved functionality without the typical renovation costs. 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