Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    199 -- Lexington Dr Fredericksburg, TX 78624

    Sponsored
    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:
    8
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 199 -- Lexington Dr

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    None
    Exterior features
    Barn, House
    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 Jan 3, 2026

    MLS# 99391 Listing URL

    Copyright © 2026 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 ranch 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 featuring a 3-bedroom, 1-bathroom rock home built in 1931, along with 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 ranch is suitable as a recreational retreat or a place to call home. The property is located in Gillespie County.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -99.098606316394
    Latitude
    30.230035733119

    Nearby Similar for Sale

    • $1,717,223
      3,982 SF

      Hill Country Ranch with Workshop

      Ag-exempt ranch near Fredericksburg with workshop and guest apartment.
      647 Funf Kinder Rd, Fredericksburg, TX 78624
      View Details
    • $1,717,223
      28.13 Acres

      Fredericksburg Ranch with Workshop & Guest

      28+ acre ranch near Fredericksburg with workshop and guest apartment.
      647 -- Funf Kinder Rd, Fredericksburg, TX 78624
      View Details
    • New
      $6,998,000
      15,619 SF

      Fredericksburg Event Center and Lodging

      Event center and lodging near Luckenbach, Texas.
      146 Pehl Farm Ln, Fredericksburg, TX 78624
      View Details
    • $10,500,000
      116.00 Acres

      Fredericksburg Estate Homes on Acreage

      Two luxury homes on 116 acres near Fredericksburg, Texas.
      862 -- Grape Crk Rd, Fredericksburg, TX 78624
      View Details
    • $2,995,000
      22.00 Acres

      Hill Country Estate on 22 Acres

      Exceptional Fredericksburg estate with Ag exemption, wells, and high fencing.
      772 -- Luckenbach Rd, Fredericksburg, TX 78624
      View Details
    • $6,495,000
      0.43 Acres

      Fredericksburg Commercial Property For Sale

      Impressive building on a corner lot in the Central Business District.
      241 E Austin St, Fredericksburg, TX 78624
      View Details
    • New
      $6,998,000
      35.80 Acres

      Fredericksburg Event Center and Lodge

      Newly completed event center and lodge on 35.8 acres.
      146 -- Pehl Farm Ln, Fredericksburg, TX 78624
      View Details
    • $1,895,000
      19.99 Acres

      Gillespie County Retreat with Creek

      19.99 acre AG exempt property with creek frontage.
      810 -- Clear Crk Rd, Fredericksburg, TX 78624
      View Details
    • $1,799,900
      5.75 Acres

      Fredericksburg Home with Acreage

      Majestic home on 5.75 acres with luxury finishes.
      324 -- Klenin Pl, Fredericksburg, TX 78624
      View Details
    • $9,995,000
      9,431 SF

      Fredericksburg Ranch with Water Resources

      100-acre ranch with multiple homes and development potential.
      283-A Hallford Ln, Fredericksburg, TX 78624
      View Details
    • $1,095,000
      46.79 Acres

      Unrestricted Land with Charming Home

      46.79 acres with a 2-bedroom home near Fredericksburg.
      2050 -- Adj Ln, Fredericksburg, TX 78624
      View Details
    • New
      $1,950,000
      80.00 Acres

      Fredericksburg Ranch with Two Homes

      Manicured ranch near Fredericksburg with two homes and metal barn.
      20400 -- Fm 2093, Fredericksburg, TX 78631
      View Details

    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 3 Br/ 1 Ba rock home (built in 1931) with smokehouse and cellar; - Ag exemption for low property taxes
    (830) 990-0079
    Request Owner's contact information
    199 -- Lexington Dr Fredericksburg, TX 78624
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    199 -- Lexington Dr
    Fredericksburg, TX 78624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.