7142 S Fm 148 Space, income potential, multigenerational opportunity, and functionality come together on this 1.99± acre Kaufman property featuring a remodeled home, guest suite, large workshop, park-like backyard, no known restrictions, water & electric installed behind the home for a second home option, all just minutes from Hwy 175 with an easy commute to Dallas. This 3 bed, 3 bath home PLUS bonus room for an additional ensuite 4th bedroom or living area and features spa-inspired open-concept design with a European style layout creating a seamless blend of bedroom and bathing space. Designed for relaxation, the layout offers boutique hotel feel with modern finishes & walk-in shower experience. Main living room features WB fireplace, with a 2nd fireplace in the dining room. Kitchen offers ample cabinetry, generous workspace and layout designed for everyday use. Private primary suite with dual walk in closets, dual sinks, and jetted garden tub. Massive laundry room with cabinetry could double as pantry, adds convenience and storage. Outside, enjoy mature oak trees, a spacious deck, above ground pool, fencing, chicken coop, raised garden beds, and fire pit area perfect for evenings outdoors. Separate guest suite currently used as a short term rental offers strong income potential. Land is fully usable and ideal for animals, hobbies, or homesteading. 54'x26' workshop, 3 roll up doors, electric, and workbench provides excellent space for equipment, projects, or business use. Air BNB for the past 8 years with an annual income between $10, 000-12, 500. Located approximately 35 minutes from Dallas & about 15 minutes to Kaufman, with easy access to Terrell & Forney for shopping, dining, and entertainment, this property offers the space, versatility, and convenience. Recent upgrades include: 2018 Roof, 2019 HVAC, 2025 WATER HEATER, 2025 LUX VINYL PLANK FLOORING THROUGHOUT. Included: Fridge, washer, dryer, lawnmower, trampoline & basketball hoop. Virtual and video tour available.