777 County Road 206
About This Property
Water:
A year-round natural spring originates on the property, along with two ponds and a water well - a standout combination that supports excellent wildlife and livestock management, with the well offering flexibility to distribute water or supplement ponds and tanks as needed. A Salem-Elm Ridge Water Supply line also runs along County Road 206, offering another potential source for future improvements.
Wildlife & Hunting:
The diverse habitat supports numerous native Texas species, including whitetail deer, feral hogs, mourning and white-winged dove, ducks and other migratory waterfowl, bobcats, coyotes, gray and red fox, raccoons, rabbits, and many additional native wildlife species. With abundant water, dense cover, and a history of wildlife management, the ranch offers an outstanding setting for hunting, recreation, and year-round wildlife enjoyment.
Location:
Cameron: 7 min
Temple: 35 min
Salado: 1 hr
Waco: 1 hr
Austin: 1 hr 15 min
Dallas: 2 hr 30 min
Houston: 2 hr 30 min
Access & Utilities:
The ranch is reached via a deeded, approximately 1,800-foot private access road. Electricity is located nearby, with co-op water provided by Salem-Elm Ridge Water Supply along County Road 206 and one existing water well.
Taxes:
Currently operated under a wildlife management tax valuation, keeping annual property taxes exceptionally low, with the option for a future owner to convert to agricultural valuation.
Broker Comments:
This 110± acres checks all the boxes - water, privacy, big mature trees, wildlife, and location - standing out strongly against other offerings in the area.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Listed by Keller Williams Realty | $1,095,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017