$150,000
●
Land -
For Sale
11423 US HWY 77
Lexington, TX 78947
Studio
0 Bath
$737
Est. Monthly
About This Property
Great opportunity to own 1.74 acres with direct frontage along U.S.
Highway 77 in Lee County near Lexington. This property is equipped
with an existing electrical pole and a water well, offering a
strong head start for development.
With easy highway access and excellent visibility, the tract is well-suited for a homesite, small business, or investment property. The open space provides flexibility for a residence, workshop, or additional improvements to fit your needs.
Don't miss this versatile property in a growing area with great potential.
With easy highway access and excellent visibility, the tract is well-suited for a homesite, small business, or investment property. The open space provides flexibility for a residence, workshop, or additional improvements to fit your needs.
Don't miss this versatile property in a growing area with great potential.
Unit Size
-
Days on Market
-
Land Size
1.74 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Unlock MLS #ACT3520197)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 11, 2026 | Listed by Garry Brown Real Estate | $150,000 | |
| Listed by Garry Brown Real Estate | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Jan 18, 2026 | Listed by Keller Williams Realty | $125,000 | |
| Listed by Keller Williams Realty | |||
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Beautiful 1.7-acre lot offering the perfect blend of space and opportunity. This ready-to-build property provides an ideal setting for your dream home or a relaxing retreat to enjoy with family and friends. Plenty of room for outdoor entertaining, gardening, or recreational activities, all while maintaining privacy and open surroundings. Whether you’re planning to build now or hold for future use, this versatile lot offers endless possibilities. A great opportunity to create your own piece of land just the way you envision it.
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Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Many Trees
Lot Size Area: 75794.4
Lot Size Units: Square Feet
Lot Size Acres: 1.74
Lot Size Square Feet: 75794.4
Water Source: Well
Financial Details
Tax Assessed Value: $129,560
Utilities Details
Sewer : None
Comparables
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Closing Price
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HOA + Taxes
About Lee
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Listed by: Garry Brown
Listed Office: Garry Brown Real Estate - Listing courtesy of Unlock MLS
Phone: (979) 773-4111
Last Updated: 2026-05-07 04:22:31
Data Source: Unlock MLS, MLS# ACT3520197
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Garry Brown Real Estate - Listing courtesy of Unlock MLS
Phone: (979) 773-4111
Last Updated: 2026-05-07 04:22:31
Data Source: Unlock MLS, MLS# ACT3520197
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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