2035 Fm 1566 Celeste, TX 75423
This exceptional 23.27-acre property in Celeste, Texas (75423), offers a unique blend of country living and potential. The property includes a 2,048 sq ft, single-story, three-building complex built in 2002, featuring a doublewide mobile home with an open-concept kitchen, dining, and living area, split bedrooms, a flex room/office, and a large utility room. Outdoor amenities are abundant, including a fenced area ideal for livestock, a seasonal pond, a substantial 30x24 detached shop with covered RV/boat parking, and a 24x12 two-story storage shed. The property is zoned SFR (Single Family Residential) and presents numerous possibilities, from hobby farming to simply enjoying the peace and quiet of rural Texas. Note that an adjacent 1.7 acres (currently undergoing county replatting) is not included in the 23.27 acres but may be available for separate purchase. The property is conveniently located near FM roads, new residential developments, and highly-rated schools. This owner-user investment opportunity is priced at $729,900.
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.