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$1,175,000

Beds
2
Baths
1.0
sq ft
1,896

5518 State Highway 198, Canton, TX 75103

5518 State Highway 198

Canton, TX 75103

  • 32 days on market
Enchanting Vineyard Estate in Canton, TX. Immerse yourself in the unparalleled beauty and luxury of this extra ordinary vineyard estate, nestled on 27 sprawling acres south of Canton, Texas. Perfectly situated between the vibrant cities of Dallas and Tyler, this exceptional property offers an unparalleled lifestyle choice for discerning buyers. Highlighting a meticulously maintained irrigated vineyard and a stunning 3-acre pond, this estate blends the allure of nature with the sophistication of tranquil living. The main house is a cozy retreat featuring two well-appointed bedrooms, ideal for a peaceful night's rest after a day spent exploring your thriving vineyard. The living and open space flow seamlessly, creating a spacious atmosphere. Third flex room adds a layer of versatility to this property, allowing for a third bedroom, a creative studio, or an office space. The crown jewel of the estate is the exquisite 5,000-square-foot multifunction barn and tasting room, an ideal setting for entertaining guests or simply savoring your own handcrafted wines. Overlooking the serene pond and lush vineyard, it provides breathtaking views and a tranquil ambiance that elevates any gathering. The vineyard itself boasts approximately 740 robust vines, offering Black Spanish (red) and Blanc du Bois (white) varietals, meticulously cultivated for quality and taste. The exterior of the property is a verdant paradise, with rolling landscapes of dense vines under an expansive Texan sky. The tranquil 3-acre pond enhances the estate's natural beauty and adds to the serene environment. Whether you seek a private retreat or a venue for lavish entertaining, this vineyard estate offers an unmatched opportunity to indulge in the luxurious East Texas lifestyle. Don't miss this rare chance to own a piece of Texan paradise. Welcome Home!!

Details

Property type

Single Family Residence

Est. home value

$411,486

Lot size

27.8 acres

Price per sq ft

$620

Year built

1961

Price History

03/02/2025
NTREIS

NTREIS #20858471

Listed
$1,175,000

Schools & Community

Elementary school: 

Canton

Middle school: 

Unknown

High school: 

Canton

School district: 

Canton ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$906,847
Asking price
$1,175,000
Closing costs (~8% of asking)
-$94,000
Est. remaining loan balance
-$174,153
Cash to seller
$906,847

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nexbank Ssb

Loan start date

February 2016

Original loan amount

$215,000

Est. remaining balance

$174,153

Interest rate

3.96%

Loan type

New Conventional, 30 year

Seller

Stephen E Cannon and Kelly J Cannon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/04/2025 at 3:55 AM

Listing updated: 03/05/2025 at 12:17 PM

Listed by: Paige Guy, Coldwell Banker Apex, REALTORS Phone #: (903) 581-2584

MLS: NTREIS #20858471

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