16.31 Acres in Lexington, TX - $935,000
Just an hours commute from Austin and 30 minutes from Taylor and Elgin!
There's a lot to like about this place just a few miles outside of town and at a bend in the road on quiet, CR 405!
16.31 Ag-exempt acres, partially fenced for cattle with a beautiful 11 acre hay field out front, an existing water well for irrigation and plenty of room for a barn and livestock to make the perfect Gentleman's Ranch.
The property also features a beautiful, oak-shaded 3/2 - 2,530 sqft. custom-built Austin Stone home with attached two-car carport w/188 sqft. guest quarters above it and the cutest 729 sqft. thriving Airbnb beside it! The updated modern farmhouse has a sunlit, open-concept kitchen, a living and dining area that opens onto the covered patio and deck for added outdoor living, dining or entertaining space. The Primary Bedroom and Ensuite Bath are secluded on the North end of the home, 2 bedro...
The property also features a beautiful, oak-shaded 3/2 - 2,530 sqft. custom-built Austin Stone home with attached two-car carport w/188 sqft. guest quarters above it and the cutest 729 sqft. thriving Airbnb beside it! The updated modern farmhouse has a sunlit, open-concept kitchen, a living and dining area that opens onto the covered patio and deck for added outdoor living, dining or entertaining space. The Primary Bedroom and Ensuite Bath are secluded on the North end of the home, 2 bedrooms (one a new addition with a loft) and a shared Jack and Jill bath on the other. A laundry room off of the kitchen has a guest/half bath. Start your morning enjoying the landscaped and fenced front yard with lovely, country views from the side-patio while sipping a cup of coffee and watching the sunrise or after a long day, take in the equally beautiful backyard views while you soak in the hot tub on the back deck and watch the sunset or put some steaks on the grill, cozy up by the wood-burning fireplace and star gaze. The covered, 2-car carport has guest quarters built above it as an added perk and a converted garage/workshop is currently used as a successful Airbnb, but could just as easily function as a second home/MIL apartment or as a rental property for extra income! One side of the converted garage is used as a gym/store/parking and the other side is 729 sqft. open-concept living, kitchen and dining area with a bedroom, bath and a covered porch just right for a pair of rocking chairs!
All three structures sit on 16.33 acres of restricted land with CR 405 road frontage on two sides and share utilities and water.
*Seller-imposed Deed Restrictions-No mobile or modular homes, maximum of one additional residence on property.
*Primary home's exterior was repainted in October, 2020.
*A water well on the property is used exclusively for irrigation.
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Research Parcel InformationDirections
From the flashing light at the intersection of Hwy. 77 and FM 696, go east on FM 696 and drive for 2.4 miles to CR 408.
Turn right onto CR 408 and drive for 1 mile to the intersection of CR 408 and CR 405.
Turn right onto CR 405 and drive for approx. 1/2 mile.
Property will be on the right with a Bexley Land and Cattle sign.