
$149,000
NAL Estimated Property Value664 County Road 5040, Leonard, TX, 75452
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About this property
Discover the opportunity at 644 CR 5040 in Leonard TX. Built in 2022 this barndominium sits on a 30x40 concrete slab on one beautiful acre in the countryside. The two-room interior remains in great condition while the exterior structure needs repairs due to tornado damage. This is a true diamond in the rough ideal for someone with construction skills or an investor looking for a project. Enjoy peaceful rural living with plenty of space and privacy. Property is best suited for cash or conventional financing as FHA and VA loans may not qualify. Bring your vision and transform this unique property into your dream barndo retreat or income-producing asset. Priced with needed repairs in mind this is a chance to build equity from the start. Contact us today to schedule a showing and explore the possibilities.
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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: Leonard
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