Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Covington Land with Pond Title is generated by Realmo AI

    Tbd 14.697 Acres HCR 1431, Covington, TX 76636

    View on Map
    Claim this Listing
    For Sale
    $495,000

    Unimproved Land - Covington, TX

    Type:Unimproved Land
    Lot size:
    14.70 Acres
    Added:
    May 13, 2026
    Days on Market:
    19
    Last Refresh:
    May 31 at 9:06 pm

    Property Features for Tbd 14.697 Acres HCR 1431

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    139405
    Lot size
    14.70 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tina Hearne

    Listing agent Tina Hearne License #0292286

    Listing office BHHS Premier Properties 2900 S. Hulen St., Fort Worth, TX

    Listing date May 13, 2026

    MLS# 21192585 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 14.697 acres in a quiet country setting, ideal for building a dream home.
    • Reliable pond that has never gone dry in 35 years.
    • Ag exempt status and excellent coastal production (approximately 125 1100lbs round bales annually).
    • Newly installed road and home pad site.
    • Conveniently located: 1 hour to Metroplex, 45 minutes to Waco, and 20 minutes to Lake Whitney.
    • Mature trees, fencing, and gentle rolling terrain.

    Overview

    This 14.697-acre property is located in a quiet country setting and is suitable for building a home. The land features a pond that has remained filled for the past 35 years, mature trees, a newly installed road, and a home pad site. It is ag exempt and produces approximately 125 1100lbs round bales of coastal grass each year. The property includes fencing and gentle rolling terrain. Deed restrictions include no mobile homes and a minimum of 1,200 square feet of living space. Electric service is available but not currently connected, and city water is available but not connected. The location is approximately one hour from the Metroplex, 45 minutes from Waco, and 20 minutes from Lake Whitney. The property is located in Covington, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Covington
    County
    Hill
    State
    Texas
    Longitude
    -97.269211
    Latitude
    32.179728

    Nearby Similar for Sale

    • $780,000
      1,314 SF

      Productive Farm and Ranch Land

      53.92 acres with home, storage, and agricultural potential.
      9964 State Hwy 171, Covington, TX 76636
      View Details
    • $1,300,000
      2,210 SF

      Updated Home on 47 Acres

      Renovated 3-bedroom home on 47 acres with pond.
      11458 State Highway 171, Covington, TX 76636
      View Details
    • $698,000
      1,916 SF

      17.9 Acre Farm/Ranch Paradise

      Custom-built home on 17.9 acres, ideal for livestock.
      1366 Hcr 1414, Covington, TX 76636
      View Details
    • $674,975

      38.57 Acres of Versatile Land

      38.57 acres suitable for commercial, residential, or homestead use.
      171 HCR 1450 N, Covington, TX 76636
      View Details
    • $495,000
      1,200 SF

      Remodeled Farmhouse on 8.5 Acres

      Covington farmhouse on 8.5 acres with pond and barn.
      1739 Fm 67, Covington, TX 76636
      View Details
    • $160,000

      Secluded Land in Covington, Texas

      Nearly 7-acre property perfect for building your dream home.
      157 Private Road 142, Covington, TX 76636
      View Details
    • $225,000

      Covington Land with Serene Pond

      10+ acre ranchette with pond, ideal for recreation.
      247 Private Road 14503, Covington, TX 76636
      View Details
    • $240,000

      Covington, TX - 6 Acre Land

      6-acre tract with hardwoods, pasture, and pond in Covington, TX.
      223 W Gaithings, Covington, TX 76636
      View Details
    • $1,300,000

      Updated Home on Private Acres

      Renovated home on 47.5 acres with breathtaking views.
      11458 St Hwy 171, Covington, TX 76636
      View Details
    • $245,023

      Secluded Land with Private Pond

      10+ acre lot with pond in Hideaway Retreat.
      0000 Private Road 415 Road, Covington, TX 76636
      View Details
    • $377,843

      Secluded Land with Owner Financing

      10+ acre lot with owner financing near Fort Worth.
      0000 Private Road 415 Road, Covington, TX 76636
      View Details
    • $234,500

      Covington Land with Oak Trees

      Secluded 7-acre land with mature oaks and building site.
      Pr 114 PR 114, Covington, TX 76636
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 14.697 acres with pond, trees, and coastal grass.
    Where is this residential land & home lot located?
    The property is located at Tbd 14.697 Acres HCR 1431 Covington, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 14.697 acres in a quiet country setting, ideal for building a dream home.; Reliable pond that has never gone dry in 35 years.; Ag exempt status and excellent coastal production (approximately 125 1100lbs round bales annually).
    (817) 806-4100
    We can help!
    Listing Contact
    Tina Hearne
    Real Estate License ID: 0292286
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Tbd 14.697 Acres HCR 1431, Covington, TX 76636
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!