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$450,000

261 Windmill Lane, Waco, TX, 76705

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,196 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$376.25 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Move-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Oven, Refrigerator

Building Information

Garage Spaces2

About this property

Welcome to 261 Windmill Lane — a truly special property where charm, functionality, and opportunity come together on approximately 7 beautiful acres in Waco, Texas. At the heart of the property sits a thoughtfully updated 2-bedroom, 1-bath barndominium offering 1,196 square feet of comfortable living space, complete with a spacious two-car garage and workshop — perfect for hobbyists, small business owners, or anyone needing room to create and store. What truly sets this property apart is the 2,576 square foot dairy barn, home to the established Windmill Creamery. With its rich character, hand-hewn beams, and timeless barn architecture, this space is not only functional but full of story and potential. Whether you envision continuing its current use, expanding agricultural operations, or transforming it into an event space, storefront, or specialty business — the possibilities here are wide open. The land itself is just as impressive, featuring a thriving orchard with a variety of fruit trees that add both beauty and sustainability to the property. With room to roam, grow, and build, this acreage offers the ideal blend of peaceful country living and entrepreneurial opportunity. Whether you’re dreaming of a homestead, a business venture, or a little bit of both — 261 Windmill Lane delivers a rare chance to create something truly your own.

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Christie Stephens

Bramlett Partners

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Financing Details

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

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: Waco

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261 Windmill Lane | Property Details | No Agent List