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$1,595,000

2192 Vz County Road 3117, Edgewood, TX, 75117

On MarketInfo
Beds6 Beds
Baths4 Bath
Baths3,024 Sq Ft
FarmFarm
price_per_sqft$527.45 / sqft
Year BuiltBuilt in 1994

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Convection Oven, Refrigerator, Vented Exhaust Fan, Washer, Wine Cooler
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesFire Pit, Private Entrance
Lot Size8.30 acres

Building Information

Year Built1994
Garage Spaces2

Land Information

APN026.3225.0000.0013.0000
Lot Number13
Land UseFarm/Ranch, Mobile Home
Legal DescriptionACRES: 8.300 BLK: LOT: 13 ADDN: FALLOW HILLS 2022
Census Tract950300
Assessed Land Value$12,180
Assessed Improvement Value$405,840
Assessment Year2025

About this property

Welcome to Fallow Hills, a stunning 80+- acre property that once was a sanctuary for majestic fallow deer. This exceptional estate features two newly renovated homes that are successful Airbnbs, projected to generate an impressive $100,000 in rental income by the end of 2024. With rolling hills, ancient trees, and five picturesque ponds—one a full 5 acres teeming with fish—this landscape is a nature lover's paradise, complete with inviting walking trails. As you enter through the private gate, you’ll be captivated by views of two expansive ponds framed by meticulously trimmed trees, creating a serene entrance. The unique combination of rocky soil and undulating hills gives this property a distinctive mountain-like feel, perfect for escaping everyday stresses. Fallow Hills features multiple deer blinds and feeders, enhancing the wildlife experience for both hunters and nature enthusiasts. A high fence partially wraps the property, providing security while allowing the diverse wildlife—including deer and native birds—to roam freely. Tucked away are the two beautifully renovated homes, fully furnished and equipped to accommodate up to 17 guests. Whether you envision a peaceful family getaway or a thriving retreat, this property is your canvas for success. Located just 50 minutes east of Dallas with easy access to I-20, consider the potential for transforming Fallow Hills into a tiny home community or multi-building retreat. Each section is ready for development, ideal for building homes or selling off parcels. With a well for water and convenient access to city water and power, you’ll have all the essentials for improvements. Partial high fencing provides a secure environment while you enjoy the diverse wildlife. All land is ag-exempt, offering tax benefits. The current owners are eager to pass on this fully functioning Airbnb to continue its success. Don’t miss your chance to own a piece of paradise at Fallow Hills—where nature, comfort, and opportunity converge!

Investor Tools

$0Estimated Mortgage Balance
$418,020Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,570 /month
Positive
Cash Flow Estimate:
$3,190 /month

Interested in this property?

Century 21 NexGen Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,517
$418,020
2025
$12,180
$405,840
$418,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,517
$418,020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$418,020
100%
0%
$0/mo

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.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Edgewood

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2192 Vz County Road 3117 | Property Details | No Agent List