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$205,000

$499,000

5151 S Fm 600, Abilene, TX, 79601

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,152 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$177.95 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range
FlooringCarpet, Linoleum

Land Information

APN539032
Land UseResidential
Legal DescriptionA1483 4 T&P-15 IMP ONLY LAB#NTA174667 LAND LINK 538412
Census Tract020500
Assessed Improvement Value$40,460
Assessment Year2025

About this property

If you’ve been looking for a little more space and a little less city, 5151 FM 600 may be exactly what you’ve been waiting for. Located just outside Abilene and past Lake Fort Phantom Hill, even the drive home comes with a view. Who wouldn’t love passing the lake on the way home each day? Sitting on approximately 3 acres with no known restrictions, this 3-bedroom, 2-bath home offers the freedom and flexibility that are getting harder to find. Bring your ideas and make the property work for you, whether that means adding a shop, creating space for animals, parking an RV or trailer, starting a garden, or simply enjoying the extra room around you. The property offers the peaceful feel of country living while keeping Abilene within an easy drive. With acreage, open space, and fewer limitations, there is plenty of opportunity to enjoy the property as it is today while still having room to grow in the future. If you’ve been searching for a home with acreage near Abilene, TX, outside the city limits and without the restrictions, this one deserves a closer look. Three acres, a peaceful setting, room to spread out, and a drive past the lake to get home. What’s not to love?

Investor Tools

$0Estimated Mortgage Balance
$233,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,398 /month
Positive
Cash Flow Estimate:
$466 /month

Interested in this property?

Maegan Brest

Berkshire Hathaway HS Stovall

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$124/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$324
$40,460
2025
N/A
$40,460
$40,460
No

Tax History

Year
Tax Paid
Assessed Value
2025
$324
$40,460

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$397,000
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: Abilene

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5151 S Fm 600 | Property Details | No Agent List