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$989,000

3125 Fm 2676, Hondo, TX, 78861

PendingInfo
Baths0 Bath

About this property

WATER RIGHTS! WATER RIGHTS! Terrific opportunity to own a 23+/- acre irrigated farm in the Quihi/New Fountain area of Medina County fronting on FM 2676. The Farm is highlighted by a good producing Edwards Aquifer Irrigation Well with all of its original water rights intact and ready to convey. Well/Equipment Specifics: Edward Aquifer Irrigation Well - Drilled 1989 to 1335 feet deep. *12.93 Acre Feet of Permitted "Base" water rights *31.89 Acre Feet of Permitted "Unrestricted" water rights *6 Tower "Grow Smart" irrigation pivot system *Extensive electrical & irrigation equipment on site *Small mechanical room/shop. This location was once the site of the PACE FOODS growing facility - now used as a small Hay farm (Coastal Bermuda). There is also a small pond w/ fishing/swimming dock on the property - currently dry, but has been routinely filled from the Irrigation Well in the past.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,934 /month
Positive
Cash Flow Estimate:
$1,978 /month

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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: Hondo

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3125 Fm 2676 | Property Details | No Agent List