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For sale
  • Price cut: $75K (6/10)
    $1,575,000

    301 Avenue I, Valley Mills, TX 76689

    4beds
    3,205sqft
    : 
    Single Family Residence
    Built in 1896
    10.73 Acres Lot
    $1,436,200 Zestimate®
    $491/sqft
    $-- HOA

    What's special

    Fenced irrigated gardenWraparound porchAbundant natural lightSpacious back deckWhite oak cabinetrySoaking tubNative wildflowers
    A truly singular estate, that offers not only timeless beauty and unmatched privacy, but also a compelling investment opportunity with multiple income-producing residences already in place. Whether envisioned as a personal sanctuary or a legacy property with built-in cash flow, this residence provides an extraordinary backdrop for opportunity. The main house spans 3,200 square feet with four bedrooms and three bathrooms, blending historic character with thoughtful updates. The primary suite features heated bathroom floors, a soaking tub, and a custom arched tile shower that adds a spa-like feel. In the kitchen, white oak cabinetry, upgraded appliances, 48 inch range, and abundant natural light create a warm, functional space; framed by views of the surrounding hill country. Tucked into the trees are three custom-built tiny homes, each private and thoughtfully designed. These established short-term rentals perform well above market, offering consistent returns and future upside. With strong rental history and room to expand, the potential here is significant. The 10+ acre property includes mature oaks, native wildflowers, and open space for additional development; be it more cabins, shared amenities, or personal use. Additional features include an RV hookup, a barn, three storage sheds, a greenhouse, and a fenced irrigated garden. Outdoor living is central to the property’s charm, with a wraparound porch, a spacious back deck, and a fire pit ideal for enjoying peaceful evenings. Whether you're seeking a quiet family escape, a high-end rental retreat, or a long-term investment with character and flexibility, this property offers a rare opportunity to own something truly special.
    97 days
    on Zillow
    |
    446
    |
    58
    |

    Zillow last checked: 8 hours ago

    Listing updated: June 10, 2025 at 05:41am

    Listed by:

    Trevor Caswell 743181,

    Keller Williams Realty, Waco 254-751-7900

    Source: NTREIS,MLS#: 20918286
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 301 Avenue I.

    Next available tour time:Today at 2pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Features: Built-in Features, Ceiling Fan(s), En Suite Bathroom
    • Level: First
    • Dimensions: 1 x 1
    Bedroom
    • Features: Ceiling Fan(s)
    • Level: Second
    • Dimensions: 1 x 1
    Bedroom
    • Features: Ceiling Fan(s)
    • Level: Second
    • Dimensions: 1 x 1
    Bedroom
    • Features: Ceiling Fan(s)
    • Level: Second
    • Dimensions: 1 x 1
    Kitchen
    • Features: Breakfast Bar, Built-in Features, Granite Counters, Kitchen Island
    • Level: First
    • Dimensions: 1 x 1
    Living room
    • Features: Built-in Features, Ceiling Fan(s), Fireplace
    • Level: First
    • Dimensions: 1 x 1
    Living room
    • Features: Built-in Features, Ceiling Fan(s), Fireplace
    • Level: First
    • Dimensions: 1 x 1
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Built-In Gas Range, Built-In Refrigerator, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Range, Some Commercial Grade, Vented Exhaust Fan
    Features
    • Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s)
    • Flooring: Carpet, Combination, Wood
    • Has basement: No
    • Number of fireplaces: 2
    • Fireplace features: Wood Burning
    Interior area
    • Total interior livable area: 3,205 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Additional Parking, Circular Driveway, RV Access/Parking
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck
    • Exterior features: Deck, Garden
    • Pool features: None
    • Fencing: Gate,Partial,Wood
    Lot
    • Size: 10.73 Acres
    • Features: Acreage, Rock Outcropping, Many Trees, Sloped
    • Topography: Rough
    • Residential vegetation: Wooded
    Details
    • Additional structures: Barn(s), Guest House, RV/Boat Storage
    • Parcel number: R07390
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Detached
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Metal
    Condition
    • Year built: 1896

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Septic Available, Water Available

    Community & HOA

    Community
    • Security: Security Gate
    • Subdivision: S7300 VALLEY MILLS OT
    HOA
    • Has HOA: No
    Location
    • Region: Valley Mills

    Financial & listing details

    • Price per square foot: $491/sqft
    • Tax assessed value: $608,450
    • Annual tax amount: $10,193
    • Date on market: 5/5/2025
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