tomo logo

$2,199,000

Beds
5
Baths
8.0
sq ft
8,663

609 FM 1306, Gainesville, TX 76240

609 FM 1306

Gainesville, TX 76240

  • 14 days on market
Nestled behind an electric security gate on an expansive 11-acre lot, this breathtaking Georgian-style estate offers unparalleled privacy & elegance in the heart of Gainesville. The backyard is a true retreat, featuring a stunning rock waterfall cascading into a sparkling pool. An expansive patio, complete w-a full outdoor kitchen & bar area, is perfect for year-round entertaining—ideal for hosting guests w-a bartender setup. Dual staircases lead to a serene private retreat. Step inside to a grand entryway w-soaring ceilings & a graceful winding staircase. Formal dining room exudes elegance, boasting a crystal chandelier, custom built-ins & a warming fireplace. A sunlit breakfast room w-double-height ceilings creates a bright & inviting atmosphere. Designed for entertaining, the massive game room features a cozy fireplace, ample space for pool & gaming tables + a wet bar. Generously sized guest bedrooms each include en-suite baths, ensuring comfort & privacy. The chef’s kitchen is beautifully appointed w-an island topped in granite, a built-in refrigerator, an electric cooktop with a vent + plenty of cabinetry. A spacious utility room provides additional storage & room for an extra refrigerator. For added versatility, the home includes a basement—ideal for a wine cellar or a safe haven during Texas storms. The luxurious primary suite is truly impressive, featuring a private sitting area with a fireplace, and a coffee bar. The spa-like en-suite bath includes an oversized walk-in closet. A stately library lined with custom bookshelves adds a refined touch, while an elevator provides easy access to all levels. Additional features include a four-car garage and a 24x32 workshop, perfect for weekend projects. Just steps away, a stocked pond with a dock offers a tranquil escape. With over 9,000 square feet of living space, this estate is not only a dream home but also an incredible investment opportunity—perfect as a luxurious bed and breakfast, wedding venue, or Airbnb.

Details

Property type

Single Family Residence

Est. home value

$2,457,241

Lot size

11.01 acres

Price per sq ft

$254

Year built

2001

Annual property taxes

$21,512

Price History

03/20/2025
NTREIS

NTREIS #20874460

Listed
$2,199,000
01/01/2025
NTREIS

NTREIS #20517776

Removed
05/29/2024
NTREIS

NTREIS #20517776

Price change
$2,334,999
+6.14%

Schools & Community

Elementary school: 

Edison

Middle school: 

Unknown

High school: 

Gainesvill

School district: 

Gainesville ISD

Seller’s Loan History

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

Lender

American National Bank & Trust

Loan start date

January 2024

Original loan amount

$425,000

Est. remaining balance

Not provided

Interest rate

8.25%

Loan type

Stand Alone First, 30 year

Seller

Ernest Ray Martin and Marsha Martin

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?

Status: Active

Tomo last checked: 04/04/2025 at 4:55 AM

Listing updated: 04/02/2025 at 8:56 PM

Listed by: Michael Hershenberg, Real Broker, LLC Phone #: (855) 450-0442

MLS: NTREIS #20874460

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