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$599,000

93.4 Ac LCR 862, Donie, TX, 75838

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

This 93 Acre property is located on LCR 862 just off FM 1512 not far from FM 39 and Lake Limestone. It has great potential for residential and agricultural and recreational use. It is mostly open improved pasture, with a few nice mature trees, gently rolling hills and attractive topography, 1 attractive stock pond, small seasonal creeks, and perimeter fencing. Currently under and agricultural tax exemption.. There are 5 gas well on the property, and the oil and gas mineral rights and royalties are not included, but the Sellers may agree to waive their rights to ingress and egress with regard to the mineral rights.

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

Interested in this property?

Kara McLelland

Realty Plus - Groesbeck

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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: Donie

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93.4 Ac LCR 862 | Property Details | No Agent List