4012 Fm 514
Point, TX 75472
2 Beds
2 Baths
1,590 sqft (on 2.50 acres)
2 Beds
2 Baths
1,590 sqft
(on 2.50 acres)
Local Information
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Description
Discover the freedom of country living with this 2-bedroom, 2-bath home sitting on a beautiful 2.5-acre spread in Rains County. Built in 1957, this property is ready for a fresh vision and offers the perfect canvas for investors, DIY enthusiasts, or anyone looking to create a one-of-a-kind retreat. With solid bones and wide-open possibilities, it's an opportunity to bring your creativity to life. This versatile property could become a cozy primary residence, a peaceful second home, a rustic-modern vacation getaway, or a high-performing short-term rental. Located just minutes from Lake Tawakoni State Park and 30 minutes from legendary Lake Fork, it's ideal for nature lovers, anglers, and weekend adventurers alike. Parking and storage options are abundant, with 1 garage space, 2 covered parking spaces, and dedicated covered RV parking. But the land is what truly sets this property apart: Spring-fed, bass-stocked pond, Towering mature oaks for shade and scenery, Multiple outbuildings—including a garage, office, and storage shed—ready for renovation, reimagining, or rebuilding to suit your needs. Create a workshop, add rental units, build hobby spaces, or design your own rural micro-resort…the space is here. With city utilities, propane, and septic already in place, much of the foundational work is done. Update the home, enhance the structures, or start fresh—the choice is yours. This is a rare chance to secure usable acreage with big upside potential. Whether you're looking for your next investment, a rewarding renovation project, or a peaceful setting to build your dream, this property offers unlimited freedom and flexibility.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
168 days ago
Home Details for 4012 Fm 514
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Levels, Entrance, & Accessibility Stories: 1 |
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Year Built Year Built: 1957 |
Property Type / Style Property Type: Single Family Home |
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See Virtual Tour: http://https://www.propertypanorama.com/instaview/ntreis/21108292 |
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Lot Area: 0.00 Acres |
Price History for 4012 Fm 514
| Date | Price | Event | Source |
|---|---|---|---|
| 04/12/2026 | $185,000 | ListingRemoved | Century 21 Mike Bowman Inc. #21108292 |
| 01/31/2026 | $185,000 | PriceChange | Century 21 Mike Bowman Inc. #21108292 |
| 12/06/2025 | $195,000 | Listed For Sale | Century 21 Mike Bowman Inc. #21108292 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $1,057,238 |
Home facts updated by county records
Comparable Sales for 4012 Fm 514
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.52 | Single-Family Home | - | 06/13/25 | 2 | 1 | 1,200 | |
2.23 | Single-Family Home | - | 06/26/25 | 3 | 2 | 2,607 | |
2.71 | Single-Family Home | - | 04/10/26 | 3 | 2 | 1,200 | |
2.01 | Single-Family Home | - | 01/14/26 | 4 | 2.5 | 2,470 | |
2.75 | Single-Family Home | - | 03/13/26 | 3 | 1 | 1,716 | |
2.99 | Single-Family Home | - | 10/17/25 | 3 | 3 | 2,014 | |
3.49 | Single-Family Home | - | 05/15/26 | 2 | 2 | 1,000 | |
3.56 | Single-Family Home | - | 02/19/26 | 3 | 2 | 1,352 | |
3.65 | Single-Family Home | - | 08/08/25 | 3 | 2 | 1,660 | |
3.73 | Single-Family Home | - | 08/12/25 | 3 | 2 | 1,800 |
Nearby homes
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FOR SALE11.76 ACRES
FOR SALE10.01 ACRES
SOLDSEP 16, 2025
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Assigned Schools
These are the assigned schools for 4012 Fm 514.
- Rains Elementary School
- PK-2
- Public
- 434 Students
NAGreatSchools RatingParent Rating AverageAll the teachers truly care about your little ones here! Great school and staff! All my kids have done great here and I love the community!Parent Review11y ago - Rains High School
- 9-12
- Public
- 531 Students
4/10GreatSchools RatingParent Rating AverageThe teaching is amazing. If you send your child here, they will definitely have a great leaning experience. However, the disciplinary process is a bit messed up. And bullying is definitely a thing here.Student Review5y ago - Rains Junior High School
- 6-8
- Public
- 383 Students
5/10GreatSchools RatingParent Rating AverageGreat school and the teachers care about the kids here! Love his place and glad to call it home!Parent Review11y ago - Rains Intermediate School
- 3-5
- Public
- 360 Students
5/10GreatSchools RatingParent Rating Average
No reviews available for this school. 
Check out schools near 4012 Fm 514.
What Locals Say about Point
At least 1 Trulia users voted on each feature.
100 % Say it's walkable to restaurants
100 % Say kids play outside
100 % Say parking is easy
100 % Say there's holiday spirit
100 % Say yards are well-kept
67 % Say it's quiet
67 % Say there's wildlife
50 % Say it's dog friendly
50 % Say streets are well-lit
50 % Say neighbors are friendly
33 % Say car is needed
33 % Say people would walk alone at night
Sourced by Trulia users. Learn more about our methodology.
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4012 Fm 514, Point, TX 75472 is a 2 bedroom, 2 bathroom, 1,590 sqft single-family home built in 1957. This property is not currently available for sale. The current Trulia Estimate for 4012 Fm 514 is $536,300.