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For sale by owner
  • $1,850,000

    146 Lexington Rd, Mc Dade, TX 78650

    9beds
    7,000sqft
    : 
    $13,537/mo
    Get pre-qualified
    MultiFamily
    Built in 2011
    -- sqft lot
    $1,074,900 Zestimate®
    $264/sqft
    $-- HOA

    What's special

    Swimming poolSolar infrastructureAnimal facilitiesHigh-end finishesPremium appliancesTwo glamping accommodationsPrivate well
    42-Acre Unrestricted Retreat & Hospitality Property | McDade, Texas Investment-minded buyers take note: the current owners are willing to discuss remaining onsite and managing the property after a sale, creating the possibility of continuity for a buyer interested in developing the property as a hospitality, retreat, short-term-rental, agricultural, event, or creative-production destination. Rather than acquiring vacant land and starting from scratch, a buyer has the opportunity to acquire an established 42-acre unrestricted property with residences, guest accommodations, recreational amenities, agricultural infrastructure and creative facilities already in place—with experienced ownership potentially available to assist with continued operations and future development. The property includes a substantial two-story structure with an approximately 5,000-square-foot footprint, high-end finishes and premium appliances; a 2-bedroom/2-bath residence; 4-bedroom/2-bath residence with primary suite; two glamping accommodations; private cabin; covered RV hookups beneath the hay barn; swimming pool; saltwater jacuzzi; pond; gardens; private well; solar infrastructure; approximately 15 irrigated acres; animal facilities; makerspace; and dedicated media studio. A Property Positioned for What’s Coming McDade offers rural privacy while sitting within the larger Bastrop County growth story. Bastrop County is actively developing its film, technology, hospitality and creative industries. Line 204 Texas has broken ground on a 546-acre purpose-built studio project, while Wyldwood Studios is planned as a 75-acre film, hospitality and entertainment development. SpaceX/Starlink is also undertaking a major Bastrop expansion. (Bastrop EDC) That growth is particularly relevant here because this property already combines lodging + land + media production + makerspace + retreat amenities in one location. Bastrop’s own economic-development strategy identifies film and creative services as well as experiential and hospitality businesses among the area’s development opportunities. (Bastrop EDC) Potential Investment Uses The property’s scale and existing infrastructure create numerous possibilities, subject to buyer due diligence and applicable county requirements: * Boutique retreat or wellness destination * Short-term-rental and glamping operation * Film/production lodging and creative retreat * Corporate or organizational retreat campus * Wedding and event destination * Regenerative farm and agritourism operation * Artist, maker or media-production campus * RV and extended-stay hospitality * Multi-generational estate or private compound * Combination hospitality + agricultural + creative enterprise Current owners are open to discussing continued management following a sale, giving an investor the unusual option of acquiring both the physical property and potential operational continuity. This is not simply a 42-acre residence. It is an opportunity to acquire the foundation of a destination property and operating platform in a rapidly evolving Central Texas corridor, while preserving the privacy and flexibility that make McDade unique. Any investment, income, STR, event, commercial or development potential should be independently verified by the buyer. Owner management after closing would be subject to a separately negotiated agreement.
    20 hours
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    61
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    1
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    Listed by:

    Property Owner (737) 262-2764

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Forced air, Electric, Solar
      Cooling
      • Central, Solar
      Appliances
      • Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
      Features
      • Balcony, High Ceiling
      • Flooring: Concrete
      • Basement: None
      • Has fireplace: Yes
      • Fireplace features: Freestanding, Stove
      Interior area
      • Total interior livable area: 7,000 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 30
      • Parking features: Garage - Attached
      Features
      • Exterior features: Metal
      • Pool features: Above Ground
      • Has spa: Yes
      • Has view: Yes
      • View description: Water, City
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 41.36 Acres
      • Topography: Sloping
      Details
      • Parcel number: R110087
      • Special conditions: No Special Conditions

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other Style
      Materials
      • Foundation: Crossed Walls
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2011

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Location
      • Region: Mc Dade

      Financial & listing details

      • Price per square foot: $264/sqft
      • Tax assessed value: $486,459
      • Annual tax amount: $1,912
      • Date on market: 8/16/2026
      • Road surface type: Gravel

        Estimated market value

        $1,074,900

        $881,000 - $1.31M

        $1,907/mo

        Price history

        DateEventPrice
        8/16/2026Listed for sale$1,850,000-24.3%$264/sqft
        Source: Owner Report a problem
        12/18/2023Listing removed--
        Source: Owner Report a problem
        9/18/2023Listed for sale$2,444,000+287.9%$349/sqft
        Source: Owner Report a problem
        5/28/2020Sold--
        Source: Agent Provided Report a problem
        5/1/2020Pending sale$630,000$90/sqft
        Source: Home Bay Broker TX, Inc. #64296488 Report a problem
        12/31/2019Price change$630,000-1.3%$90/sqft
        Source: Home Bay #3457273 Report a problem
        11/23/2019Price change$638,000-1.8%$91/sqft
        Source: Home Bay #3457273 Report a problem
        10/16/2019Price change$650,000-3%$93/sqft
        Source: Home Bay #3457273 Report a problem
        10/9/2019Price change$670,000+0.1%$96/sqft
        Source: Home Bay #3457273 Report a problem
        9/18/2019Price change$669,000-0.1%$96/sqft
        Source: RE/MAX Bastrop Area #6566286 Report a problem
        9/4/2019Listed for sale$670,000$96/sqft
        Source: RE/MAX Bastrop Area #8196517 Report a problem
        4/23/2008Sold--
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,912 -15%$486,459 -10.2%
        2024$2,249 -1.5%$541,609 +21%
        2023$2,284 -38.6%$447,446 -1.2%
        2022$3,721 -40.5%$453,046 -29.6%
        2021$6,249 +40.8%$643,846 +13.2%
        2020$4,440 +25.5%$568,926 +10.5%
        2018$3,539 $514,860 +128.5%
        2017$3,539 -2.2%$225,338 -1.8%
        2016$3,618 -5.2%$229,548 0%
        2015$3,814 $229,659 +0.2%
        2014$3,814 $229,250 -2.4%
        2013-- $234,843 +138.2%
        2011-- $98,574 +291.1%
        2010-- $25,204 +0.1%
        2009-- $25,167
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 78650

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: McDade
        • Middle: McDade
        • High: McDade
        • District: 162 - McDade

        Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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