3246 LCR 750
About This Property
Make this summer the one you start enjoying the Lake Limestone lifestyle. This 1.08-acre improved property in Barnett Cove combines the freedom of country living with convenient access to one of Central Texas' favorite destinations for boating, fishing, and weekends on the water.
Much of the groundwork has already been completed. The property is equipped with electricity, co-op water, an installed septic system, and paved county road frontage, helping eliminate the time and expense associated with bringing major utilities to unimproved land. Existing utility connections also provide flexibility while planning a custom home or barndominium.
Mature trees provide shade and character throughout the property, creating an inviting setting for a future homesite, outdoor entertaining area, fire pit, or simply a quiet place to unwind after a day on the lake. With no HOA, buyers have added flexibility to create a property that fits their vision, subject to applicable restrictions and regulations.
The location is a major part of the appeal. Lake Limestone is just minutes away, making spontaneous fishing trips, afternoons on the boat, and summer weekends by the water easy to enjoy without the premium often associated with direct waterfront property.
Located in Groesbeck ISD, the property provides convenient access to Groesbeck, Mexia and Kosse while remaining within reach of Waco, Bryan–College Station and Houston.
Whether you're planning a full-time country residence, lake-area retreat, or future barndominium, improved acreage this close to Lake Limestone with water, electricity and septic already in place is increasingly difficult to find.
Bring your building plans, your boat, and your vision for summers at Lake Limestone.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2026 | Listed by UCRE Heart of Texas Land & Hom | $175,000 | |
| Listed by UCRE Heart of Texas Land & Hom | |||
| Aug 18, 2021 | Sold | ||
| Sold | |||
| May 18, 2021 | Listed by Sadler Land and Realty | $64,500 | |
| Listed by Sadler Land and Realty | |||
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If you are looking for the perfect property to build your dream home or bring your camper for the weekend this is the property for you. Located in Barnett Cove Subdivision on Lake Limestone, this property is 1.08 acres and has a septic system, community water, electric , storage building with 40 gallon hot water heater, and an off water view of Lake Limestone.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017