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Days34Days on Market
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$80,000

245 Grand Canyon Drive, Oglesby, TX, 76561

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5.00 acres

Land Information

APN1-70-65-0770
Lot Number154
Land UseAgriculture / Farming
Legal DescriptionTWIN CAVERNS RANCH PHS 2, BLOCK 1, LOT 154, ACRES 5.002
Census Tract010101
Assessed Land Value$135,040
Assessment Year2025

About this property

245 Grand Canyon Drive offers 5.002 acres in the gated Twin Caverns Ranch community in Oglesby, located in the heart of the Central Texas Hill Country and within easy driving distance of Waco, Temple, and surrounding areas. This elevated acreage tract features mature trees, scenic Hill Country views, and usable land with a natural blend of open space and native Texas landscape, creating an ideal setting for a custom home, barndominium, weekend retreat, or long-term land investment. The property showcases the character of Central Texas with native vegetation and rocky Hill Country terrain while maintaining a strong balance of privacy and accessibility. The acreage offers a peaceful rural setting with flexibility for future development while still preserving the natural beauty and elevated surroundings that make Hill Country properties highly sought after. Twin Caverns Ranch is a developing gated acreage community with completed asphalt roads and available Linxus high-speed internet service. Planned community amenities include fishing ponds, pickleball courts, a half basketball court, outdoor recreation areas, and additional gathering spaces designed to complement the ranch-style community atmosphere. Electricity infrastructure for Phase 2 is in progress. Located in Oglesby Independent School District, this property provides an opportunity to enjoy Texas Hill Country living with convenient access to nearby cities, recreation, and everyday amenities. Some nearby tracts within the subdivision reference agricultural valuation benefits; buyer should independently verify current exemption status and rollback implications for this specific property. Whether you are looking to build now, purchase recreational land, or invest in Central Texas acreage, this tract offers an opportunity to own land in one of the area’s growing gated ranch communities.

Investor Tools

$0Estimated Mortgage Balance
$135,040Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

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Margaret Scheetz

NextHome Our Town

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$172/month
$912/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,391
$135,040
2025
$135,040
N/A
$135,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,391
$135,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$135,040
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Oglesby

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245 Grand Canyon Drive | Property Details | No Agent List