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Property profile & analytics
OFF-MARKET
Land

28620 Fm 493 Monte Alto, TX 78538

6.69 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.69-acre property in Monte Alto, Texas, presents a unique opportunity for those seeking a tranquil ranch-style lifestyle. Located at 28620 N FM 493, Hidalgo County, zip code 78538, this land boasts a significant advantage: a substantial, pre-existing 4148 square foot concrete slab foundation, completed in 2023, ready for immediate construction. The property is further enhanced by the presence of mature trees, providing natural shade and beauty. Partially constructed stables are also on-site, offering potential for equestrian enthusiasts. The asking price for this expansive tract is $265,000. The land is classified as residential and offers ample space to build a custom home, taking full advantage of the existing foundation and the peaceful surroundings. The property's location in Monte Alto, Texas, provides a blend of rural tranquility and convenient access to local amenities. This is an ideal opportunity to create a personalized ranch home on a sizable lot, with significant groundwork already completed. The existing infrastructure significantly reduces the time and cost associated with new construction, making this a truly compelling investment. Don't miss this chance to own a piece of Texas countryside.

Property profile
Verified
Property type Land
Lot 6.69 ac (291,416 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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