358 Ac. CR 314A, Lee County

CR 314 A Lexington TX 78947  |  Lee County, TX
  • $1,772,100
  • 358 acres

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Listing Status: Pending
Listing Type: Sale
Property Type(s):
Irrigated: No
Residence: No
Property ID: 7617537
Property Website

Property Description

LOCATION:
The property is located along the west side of CR 314A, 1.4 miles southwest of FM 112, about eight miles northwest of Lexington. The ranch is mile south of the junctions of Lee, Milam, & Williamson County lines.

LEGAL:
358 acres of land out of the V.W. Swearingen Survey and J.C. Hunter Survey in Lee County, Texas.

FRONTAGE: The subject contains approximately 2 miles of frontage along the west & north side of CR 314A (also shown as CR 313 on Google Maps).

UTILITIES:
Water well on property and improvements will require private septic system.

SCHOOL DISTRICT:
Lexington ISD

TAXES:
2017 taxes Approximately $374 based on Lee CAD. The subject property is under Ag Valuation.

MINERALS:
Seller reserving 1/2 oil & gas rights and 1/2 commercial water rights. Owners believed to own all rights subject to title review.

LEASE:
On month-to-month grazing and hunting lease with tenant out of Lexington.

FLOOD PLAIN:
Based on data obtained from the FEMA National Flood Insurance Digital Flood Insurance Rate maps for Lee County, Texas, the tract does contain land area within the 100-year floodplain area (Note attached map).

RESTRICTIONS:
None

COMMENTS:

This 358 acre tract offers tremendous potential and truly is a one-of-a-kind property.

First, the tract offers recreational value based on location, topography, & native cover of mostly post oak trees with scatterings of elm and pecan, along with native brush in combination with a variety of forbes species. The property is isolated basically surrounded by Aluminum Co. of America (ALCOA), which is no longer active and being offered for sale. The tract benefits from the neighboring property and improved deer management/specie improvement. The property can be utilized as a low fence tract or converted into an excellent high fenced & intensively managed recreational endeavor.

Second, with CR 314A frontage on two sides, the tract offers potential to be subdivided into 50 acre prime rural recreational/home sites. These rural sites again one-of-a-kind are unmatched in quality, privacy, and location for the area.

In addition, the property offers livestock production potential and is currently under a grazing lease for cattle. With proximity to the urban areas this one-of-a-kind property offers privacy, topography, quality soils, native tree & brush cover, location, seclusion, and an investment opportunity seldom found in a 358 acre tract in Texas.

This tract is in northern Lee County near the intersection of Lee, Milam, and Williamson County lines. Property has long history of leasing for livestock & hunting and is available for immediate possession.

Property Map


Driving Directions

The property is located along the west side of CR 314A, 1.4 miles southwest of FM 112, about eight miles northwest of Lexington. The ranch is mile south of the junctions of Lee, Milam, & Williamson County lines.


Contact Seller

Larry Kokel and Ron Leps

TexAg Real Estate Services, Inc.

(512) 930-5258 (work)

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Contact Seller

Larry Kokel and Ron Leps

TexAg Real Estate Services, Inc.

(512) 930-5258 (work)

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