
$615,000
NAL Estimated Property Value1045 Mcelroy Ln, New Ulm, TX, 78950
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About this property
This remarkable property offers 34.3 acs of prime land, nestled in the highly coveted Frelsburg area of Northern Colorado County w/parts in Austin & Colorado Counties. A meticulously maintained 2016 manufactured home awaits you, offering 2280 SF of comfortable living space w/4 bedrooms & 2.5 bathrooms. The home also features a cozy fireplace, a bonus room that could be a 5th bedroom or den & a convenient eat-in island kitchen. Outside, enjoy the pond and take advantage of the metal buildings for storage. A water well, septic system & propane utilities ensure self sufficiency while the high elevation keeps it flood free. Situated atop a high hill, the panoramic vistas from this property are truly breathtaking. The land features a harmonious blend of selectively cleared woods and open pasture, ideal for grazing or hay production. Whether you're seeking a peaceful retreat or a working ranch, this property provides the perfect canvas. Seller willing to split parcel. Call for info.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: New Ulm
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