This brand-new 4-bedroom, 3.5-bathroom home is ideally located in the heart of Waco—just minutes from the Magnolia Silos, the scenic trails of Cameron Park, vibrant Downtown, and the newly opened Foster Pavilion. Set in a rapidly evolving neighborhood along the 4th & 5th Street corridor, this home is surrounded by other new construction properties and benefits from the area’s exciting transformation. With continued development, improved walkability, and growing interest from investors and visitors alike, this part of Waco is becoming one of the city’s most desirable zones for short-term rentals and second homes. Inside, the home features two king suites, along with two additional bedrooms offering a total of four twin beds—ideal for accommodating large groups. The bright, open-concept kitchen and living area showcases modern finishes and thoughtful design, creating the perfect space for entertaining or relaxing. Offered fully furnished, this home is completely turnkey—ready to generate short-term rental income on day one or serve as your personal Baylor game day retreat. Whether you’re looking for a strong STR investment or a second home in a fast-growing part of Waco, this property is a rare opportunity. Property can be purchased as a bundle along with 421 Proctor, 2022 N 5th, and 2024 N 5th St - all within feet of each other operating as short term rentals. Zoned O-3 for the unrestricted right to operate as a short term rental.
For sale
Price cut: $5K (11/24)
$640,000
421 Proctor Ave, Waco, TX 76708
4beds
1,969sqft
Est.:
Single Family Residence
Built in 2024
6,229.08 Square Feet Lot
$636,500 Zestimate®
$325/sqft
$-- HOA
What's special
Two king suites
- 136 days |
- 186 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: November 24, 2025 at 10:45am
Listed by:
Harris Arnhart 0636257 214-528-9250,
Perry Guest Company 214-528-9250
Source: NTREIS,MLS#: 21017335
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
- Dimensions: 12 x 12
Living room
- Level: First
- Dimensions: 16 x 17
Appliances
- Included: Some Gas Appliances, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator, Tankless Water Heater, Washer
- Laundry: Laundry in Utility Room
Features
- Built-in Features, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Multiple Master Suites, Open Floorplan, Pantry
- Flooring: Engineered Hardwood, Tile
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total interior livable area: 1,969 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Pool features: None
Lot
- Size: 6,229.08 Square Feet
Details
- Parcel number: 480067050005050
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
Condition
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Security: Security System
- Subdivision: Cameron Park Cottages Add
HOA
- Has HOA: No
Location
- Region: Waco
Financial & listing details
- Price per square foot: $325/sqft
- Tax assessed value: $325,000
- Annual tax amount: $7,331
- Date on market: 7/31/2025
- Cumulative days on market: 137 days
Estimated market value
$636,500
$605,000 - $668,000
$2,496/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Price change | $640,000-0.8%$325/sqft |
Source: NTREIS #21017335 Report a problem | ||
| 10/27/2025 | Price change | $645,000-0.8%$328/sqft |
Source: NTREIS #21017335 Report a problem | ||
| 9/30/2025 | Price change | $650,000-3%$330/sqft |
Source: NTREIS #21017335 Report a problem | ||
| 8/25/2025 | Price change | $670,000-0.7%$340/sqft |
Source: NTREIS #21017335 Report a problem | ||
| 7/31/2025 | Listed for sale | $675,000$343/sqft |
Source: NTREIS #21017335 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $325,000 |
| 2024 | $7,331 +1571.8% | $325,000 +1561.6% |
| 2023 | $439 +2.4% | $19,560 +15% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,089/mo
Principal & interest
$3124
Property taxes
$741
Home insurance
$224
Climate risks
Neighborhood: Brook Oaks
Nearby schools
GreatSchools rating
- 2/10J High Hines Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 2/10Indian Spring Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Waco High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: JH Hines
- Middle: GW Carver
- High: Waco
- District: Waco ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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