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    389 Acres Hondo, TX 78861

    For Sale
    $2,431,250

    Prime Texas Hunting & Ranching Land - $2.4M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 389-acre commercial property in Medina County, Texas, presents a unique investment opportunity. Located near Hondo, TX, zip code 78861, the land boasts significant features including a water well and electricity, ensuring convenient utility access. A wet weather creek and a stock tank, currently stocked with catfish, provide ample water resources. The property offers county road frontage on two sides, enhancing accessibility. Diverse elevation changes add to the land's character and appeal. The property also includes a starter herd of cattle. Abundant wildlife, including turkey, deer, and quail, makes this land ideal for hunting and ranching pursuits. Adding to its investment potential, the seller retains a portion of the mineral rights, which generated $40,000 in income during 2023. The seller will consider conveying these mineral rights with a suitable offer. This is a remarkable opportunity to own a substantial piece of the Texas Hill Country. The asking price for this expansive property is $2,431,250.

    Property Features for 389 Acres

    General Information

    Property type
    Land
    Lot Size
    16,944,840 SF

    HighLights

    • 389 acres
    • Income‑producing property with mineral rights
    • Utilities available: water well and electricity
    • Wet weather creek on property
    • Existing stock tank
    • Improved pastureland suitable for cattle grazing
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hondo
    County
    Medina
    State
    Texas
    Longitude
    -99.1286382
    Latitude
    29.2252425

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    FAQs

    What type of property is this?
    Land - Prime Texas Hunting & Ranching Land - $2.4M
    Where is this land located?
    The property is located at 389 Acres Hondo, TX.
    What is the asking price?
    The asking price for this property is $2,431,250.
    What are key features of this property?
    This property features: 389 acres; Income-producing property with mineral rights; Utilities available: water well and electricity
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    389 Acres Hondo, TX 78861
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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

    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
    389 Acres Hondo, TX 78861
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