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    199 -- Lexington Dr Fredericksburg, TX 78624

    For Sale
    $3,330,140

    Acreage, Farm & Ranch, Ranch Land,Mixture of Soils - Fredericksburg, TX

    Type:Farm
    Lot size:
    151.37 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 199 -- Lexington Dr

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    None
    Exterior features
    House, Barn
    Lot size
    151.37 Acres

    Building Details

    Architectural style
    Ranch
    Additional Structures
    Barn(s)

    eXp Realty, Absolute Charm Real Estate Group (830) 990-0079 [email protected]

    Listing agent Scott Frantzen (830) 990-0079

    Listing date Nov 3, 2025

    MLS# 97647 Listing URL

    Copyright © 2025 Central Hill Country Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fredericksburg Ranch with River Frontage

    This 151.37-acre property in Fredericksburg, TX, features over 1000 feet of Pedernales River frontage, offering deep water access for fishing. The river bottom is populated with numerous Pecan, Cedar Elm, and Oak trees. The property includes a turn-of-the-century homestead with a 3-bedroom, 1-bathroom rock home built in 1931, a smokehouse with a cellar, and several historic barns. The land is currently ag exempt, resulting in low property taxes. The property is located 15 minutes from Fredericksburg. The property has paved road access. The land is suitable for recreational use or as a primary residence. The property is conducive to hunting Whitetail, Axis, and Turkey.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -99.098555116394
    Latitude
    30.230672279832

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    FAQs

    What type of property is this?
    Farm - 151+ acre ranch featuring river frontage and historic structures.
    Where is this farm located?
    The property is located at 199 -- Lexington Dr Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $3,330,140.
    What are key features of this property?
    This property features: - Over 1000' of Pedernales River frontage with deep water for fishing.; - Historic homestead with 3 Br/1 Ba rock home (built in 1931), smokehouse with cellar, and barns.; - Tremendous hunting opportunities for Whitetail, Axis, and Turkey.
    (830) 990-0079
    Request Owner's contact information
    199 -- Lexington Dr Fredericksburg, TX 78624
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    Fredericksburg, TX 78624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    199 -- Lexington Dr Fredericksburg, TX 78624
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