1690 Co Rd Lexington, TX 78947
This 22.78-acre ranch in Lee County, Texas, offers a unique blend of natural beauty and modern amenities. Located at 1690 Co Rd 413, Lexington, TX 78947, the property boasts rolling terrain, mature oak and cedar trees, and abundant wildlife, including deer, turkey, and doves. Electricity is available, and while water is sourced from wells, the property includes a half-acre pond site. The land is fully fenced and features a recently cleared building site with breathtaking views and a newly constructed entry. Conveniently located near Lexington, Rockdale, Taylor, Austin, Waco, and Houston, this property also benefits from its proximity to the Lexington Independent School District. Deed restrictions are in place, and the property qualifies for Wildlife and Agricultural exemptions. An oil well (capped) is also present on the property. This historically significant ranch offers numerous recreational opportunities, including hunting and various outdoor activities. The property is accessible via County Road 413, with easy access to State Highway 77. Landowners can receive guidance from the NRCS and the Noble Foundation on aspects of country living. This is an exceptional opportunity to own a piece of Texas countryside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.