




$78,000
240 E Elm Dr, Murchison, TX, 75778
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About this property
INVESTOR OPPORTUNITY – Rare chance to acquire four lots for the price of one in the gated Hickory Hills HOA on Callender Lake in Murchison, TX. This corner property includes a 2-bedroom, 2-bath mobile home with lake views and road frontage on all four lots. Property is currently occupied. The home needs repairs and is being sold as-is, making it ideal for investors, flippers, or developers. Keep and renovate the existing home, or remove the home and split into four individual buildable lots — strong upside potential either way. This Subdivision allows for Tiny Homes, RVs, Mobile Homes are all allowed. HOA amenities include private gated access, private boat ramp, swimming pool, park, and large pavilion. Property features a fenced backyard, storage building, large tornado shelter, and wood-burning stove in the living area. Road access is solid, utilities connected, and the rear of the property offers mature trees with a creek running behind all four lots, adding value, privacy, and drainage. Lake-area demand plus gated access makes this a strong long-term hold, flip, or resale play. Priced for condition and potential. Bring offers.
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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: Murchison
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