801 S Magnolia, Palestine, TX 75801

This turn-of-the-century Victorian blends historic character with updated charm and is currently income-producing, offering a rare combination of residential appeal and added revenue potential. Situated on a beautifully landscaped corner lot, the home features a large wrap-around porch, original hardwood floors, exquisite trim work, and numerous built-ins throughout.

The main level offers approximately 2,415 square feet with four bedrooms, three bathrooms, a dining area, kitchen, and den. The finished 929-square-foot lower level adds exceptional flexibility with a spacious office, full second kitchen, additional washer and dryer hookups, and one-and-a-half bathrooms.

Major updates include plumbing, electrical, and two zoned heating and A/C systems. Outside, a large covered patio provides a great space for entertaining, while an elevator adds convenience. An elaborate irrigation system services the entire yard and garden, including a drip system for landscaping. With its historic charm, flexible layout, and existing income-producing use, this property offers a distinctive opportunity for both owner-occupants and investors.