$521,000
2857 Spring Valley Rd, Lorena, TX, 76655
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About this property
Introducing The Grand Meadow at Lorena, a shovel-ready 140-acre subdivision with an optional adjoining 70 acres of frontage land, giving developers a rare chance to control up to 210 contiguous acres in one of Central Texas’s fastest-growing corridors. This fully entitled project is approved for approx 400 residential lots and can easily be modified for more or less. City of Waco water and sewer are already engineered to the site, all easements are complete, and the flexible lot mix allows both traditional and estate-sized homes, positioning builders to meet a wide range of buyer demand. Strategically situated near FM 2113, Spring Valley Road, and I-35, future residents will enjoy quick commutes to Waco employers, shopping, and top-rated Lorena ISD. With utilities available, approvals secured, and expansion land ready for commercial pads or additional lots, The Grand Meadow at Lorena stands ready to become the area’s signature residential address.
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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: Lorena
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