22
Map
$625,000
↓ $50K (7.4%)
●
House -
For Sale
1600 County Road 465
Elgin, TX 78621
3 Beds
2 Baths
2,128 Ft²
$3,359
Est. Monthly
About This Property
11 ag-exempt acres in the Elgin/Taylor growth corridor, Coupland
ISD, with income in place from day one. Available for future
subdivision into smaller parcels. Whether that's multiple building
sites for a family compound, individual tracts to sell off over
time, or a small phased development. The main residence (2,128 SF,
3 bed/2 bath, cathedral ceilings, kitchen island, stone fireplace)
is under a 2-year lease at $1,950/month starting September 2026,
recorded as real property with Williamson County. A second
residence is under construction on-site: electrical and mini-split
HVAC installed, sheetrock complete upstairs and in the downstairs
primary. Expected completion soon. A working ranch and
income-producing property with room to grow.
Unit Size
2,128 Ft²
Days on Market
-
Land Size
11.00 acres
Price per sqft
$294
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
2019
Listed By
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Cap Rate
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: 19 days ago (Unlock MLS #ACT8125940)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$625,000
↓ $50K
(7.4%) | |
| Price Decreased | |||
| Sep 4, 2026 | Listed by Jorgenson Real Estate | $675,000 | |
| Listed by Jorgenson Real Estate | |||
   | |||
|
11 ag-exempt acres in the Elgin/Taylor growth corridor, Coupland ISD, with income in place from day one. Available for future subdivision into smaller parcels. Whether that's multiple building sites for a family compound, individual tracts to sell off over time, or a small phased development. The main residence (2,128 SF, 3 bed/2 bath, cathedral ceilings, kitchen island, stone fireplace) is under a 2-year lease at $1,950/month starting September 2026, recorded as real property with Williamson County. A second residence is under construction on-site: electrical and mini-split HVAC installed, sheetrock complete upstairs and in the downstairs primary. Expected completion soon. A working ranch and income-producing property with room to grow.
| |||
| Aug 13, 2026 | Price Decreased |
$675,000
↓ $75K
(10%) | |
| Price Decreased | |||
| Nov 9, 2025 | Listed by Jorgenson Real Estate | $750,000 | |
| Listed by Jorgenson Real Estate | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Attached, Garage, Garage Faces Rear, Private, Unpaved, Door-Single
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Double Vanity, Kitchen Island, Soaking Tub, No Interior Steps, Primary Bedroom on Main, Two Primary Closets
Appliances: Microwave
Flooring Type: Carpet, Vinyl
Has Fireplace
Fireplace Features: Glass Doors, Living Room, Raised Hearth, Stone
Fireplaces: 1
Exterior Details
Square Footage: 2128
Square Footage Source: $0
Green Sustainability
Security Features: Smoke Detector(s)
Property Condition: Resale
Year Built Source: Public Records
Year Built: 1997
Waterfront Features: None
Levels: One
Other Structures: Barn(s), Second Residence
Window Features: Screens
Construction Materials: Wood Siding
Patio and Porch Features: Covered, Front Porch, Rear Porch
Pool Features: None
Lot Features: Agricultural, Cleared, Farm, Split Possible, Wooded
Lot Size Area: 479160
Lot Size Units: Square Feet
Lot Size Acres: 11
Lot Size Square Feet: 479160
Water Source: MUD
Financial Details
Tax Assessed Value: $202,715
Tax Annual Amount: $3,473
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Williamson
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Listed by: Gabe Etzel
Listed Office: Jorgenson Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 439-3698
Last Updated: 2026-09-15 04:06:11
Data Source: Unlock MLS, MLS# ACT8125940
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Jorgenson Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 439-3698
Last Updated: 2026-09-15 04:06:11
Data Source: Unlock MLS, MLS# ACT8125940
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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