




$1,500,000
421 Rice Ave, Waco, TX, 76708
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About this property
Exceptional space, character and versatility define this 5,762 sq ft home situated on 2.756 wooded acres in Waco. With 6 bedrooms and 5.5 baths, the expansive floor plan provides an impressive amount of room for living, entertaining, working and storage. The home features a formal living room, family room, den, formal and informal dining areas and two dedicated offices. One office is lined with beautiful floor-to-ceiling bookcases, creating an ideal library or executive workspace. The spacious family room is highlighted by a grand stone fireplace that creates a dramatic focal point. The large kitchen features abundant cabinetry, an island, informal dining space, electric appliances and three ovens, providing exceptional capacity for entertaining and large gatherings. An oversized laundry room adds valuable workspace and storage. Upstairs, the expansive primary suite incorporates two separate bedroom spaces, an ensuite bath with separate tub and shower and dual vanities. Six closets serve the primary suite, including a dedicated shoe closet. Three additional bedrooms feature private ensuite baths, providing excellent accommodations for family and guests. Additional storage is found throughout the home, including three dedicated storage rooms. Three HVAC systems are less than five years old, and new roofs were installed in 2026 on both the main residence and historic cabin. Also located on the property is the historic Hoyle Cabin, relocated to the site in 1955, adding a distinctive piece of Texas history to this exceptional Waco property.
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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: Waco
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