www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
21354781
21354782

P2L07 County Road 463, Mexia, TX 76667

XG
TX 822975
eXp Realty Houston
Listed by eXp Realty Houston
$54,900
495 days on market
Updated 155 days ago

INC_TX_Mexia_P2_Lot07

Details
APN R138353
Property Type Land
Sub Type Agricultural, Residential
Price Per Acre $16,437
Acreage 3.340
Zoning Residential / Agricultural
Sale Condition For sale by owner

3.34 Acres, Gate Entry, Water Meter onsite, Power. Perc Tested (P2L07)

Marketing description

Newly Platted Murphy’s Dairy Subdivision:

The new Murphy’s Dairy Subdivision is a prime opportunity to own the best combination of residential and agricultural living. Featuring 3 Acre+ Spacious lots that are Flat and Build-Ready Sites that have been perc-tested for suitability. This specific lot measures 205 feet by 705 feet (or 3.34 Acres).

Photos feature our current mid-construction phase with the roads subgraded with material. Completion currently estimated for Summer 2024.

Road and Access Features:
  • 2 Private-Gate Entrances from CR 463

  • Newly Engineered 6,200’ Private Road established with 8” of limestone screening subgrade and 4” road base top all excavated, graded and machine compacted. Set with drainage channels on each side of the road. Ready for home construction traffic and weight.

  • Culverts set at drainage points to guide the flow of water

Pre-Paid Electric Service with an $8,400 credit for new property owners:

Lines for New Power Poles and Transformers have been funded and are scheduled for install along the New Private Road Frontage. Completion of the new infrastructure currently estimated for Summer 2024.

As a new customer in this development, Oncor will provide a credit of up to $8,400 in pre-paid construction fees to place your secondary poles off the main line and install your meter loop. Under normal circumstances, a secondary pole and meter loop close to the setback line may consume a budget of $2,500 – $3,000. This offers great flexibility to future customers who want to customize the placement of their home. We asked Oncor for an estimate of what eats up a $8,400 budget and the placement of 3 or more secondary poles is a rough limit on the pre-paid budget.

Call (888) 313-6862 to reach Oncor Electric Delivery Main line (website)

Request a copy of our Encore pole design map. For an overview of the mainline pole placements on the road frontage.

Low Tap Fees for Water Service:

Call White Rock Water Supply (254) 562–6153, website). Water Lines and Meters are being planned and will go out for bidding shortly. Access runs along the private road. Meter Tap fees are only $750 plus any minor connection and connection fees for new property owners.

Soil Mapped and Perc Tested:

The property plat map has been approved by the County OSSF authority for approved conditions for installation of Conventional or Aerobic Septic systems.

We have developed an OSSF Site Suitability Plan with the County Engineer to soil bore various test site locations to determine the overall suitability for a Septic System. Approximately 4 out of 6 randomized test sites were approved for Conventional Systems and 6 out of 6 were approved for Spray Aerobic Systems.

Ask for a copy of our OSSF Site Plan for more information.

Septic Installer Referral: Call (903) 388-1614 to reach Justin Bounds at Forest Glade Construction to get started.

Cell Service:

Being in close proximity to Mexia, this tract has excellent cellular/mobile phone coverage across all of the major carriers (Verizon, AT&T, T-Mobile, etc).

Peaceful Living Near Limestone County Airport

Limestone County Airport (KLXY): No air traffic noise and only small single or dual-passenger private planes fly into this space. A small maintenance/emergency response local airport, traffic counts are limited to roughly 2 or 3 per day.

Agricultural Exemption and Tax Benefits

For those interested in maintaining cattle on the property, consider applying for an Agricultural Exemption with the appraisal district after closing. This exemption can lead to reduced property taxes. Limestone County allows for Agricultural Exemption for properties with a minimum acreage of 3 acres

Simple Steps to Establish Your Property

Upon closing, follow these simple steps to establish your property. Apply with the County for your 911 Address and Culvert Permit by contacting Limestone County Road and Bridge at 254-729-5513. Provide a copy of your deed and survey, indicating your desired location for a driveway. This will ensure easy access to your property.

Light Covenants to Protect Your Property Value

Light covenants have been introduced to protect your investment and privacy on the land. Residential, Ranching, or Agricultural purposes. No Commercial or Industrial uses or uses as junkyards or salvage yards shall be permitted. No pigs or dog boarding establishments.

Permanent Structures require a minimum 750 sq ft living space

New or late-model Manufactured Homes to be HUD-Compliant and permanently affixed, underskirted, and anchored with connection to Septic prior to occupancy

RVs to be of late-model and self-contained if not connected to a Septic System

Basic covenants protecting against un-managed fires, accumulation of junk and/or trash, and minimum standards on fencing aesthetics

Referral for Home Construction, Dozer work, Driveways:

Contact Justin Bounds at Forest Glade Construction (903-388-1614) for:

  • Licensed manufactured house builder and installer

  • Custom porches, waterlines, septic systems

  • Driveways or roads, dozer work

Referral for Affordable Fencing:

Contact our Cattle Rancher who has worked the land for over 30 years and experienced fence builder: Bill Ward (254-747-0991).

This property is excellent for a variety of uses:

Be your own cattle ranch.

Develop your own country home under the stars and incredible landscape.

Build a cabin for your own private camping retreat.

Bring your own Tiny Home, Mobile, or RV and live off the land at your pace.

Develop a garden, farm, or bring livestock to the property.

Survey Approved and Platted with the County:

Ground-Level staking was completed on the ground. Easement corners are marked with T-post painted ORANGE and corner boundaries with White T-post.

Bring the family and imagine yourself settling in for a truly unique Texas experience. Relax, take it slow and after the sun goes down watch an unforgettable panoramic view of the stars you haven’t seen in a long, long time.

Investment highlights

The newly platted Murphy’s Dairy Subdivision offers an ideal blend of residential and agricultural living on spacious 3-acre+ lots. Ready for development, each lot has been perc-tested and features a flat, build-ready site. Key infrastructure includes a newly engineered 6,200-foot private road, pre-paid electric service with an $8,400 credit for line extension into your lot for new property owners, and low tap fees are only $750 to activate your water meter for service. Approved for conventional or aerobic septic systems, the subdivision ensures easy utility setup. Enjoy peaceful living with excellent cell coverage and potential agricultural tax benefits. Light covenants protect property values, allowing for residential, ranching, or agricultural use. Infrastructure Completion is expected by summer 2024. Reserve your spot now!

Listing Contacts

XG
TX 822975
eXp Realty Houston
Listed by eXp Realty Houston

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Xing Gao
License
822975
Brokerage
eXp Realty
Title
Real Estate Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591