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$400,000

NAL Estimated Property Value

Lot 1 TBD PRIVATE ROAD415 / SH 171, Covington, TX, 76636

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.22 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesNone

Building Information

Garage Spaces2

About this property

Brand new barndomium shell ready for finish out to make it your own. Situated on a total of 10.008 ac in the new Hideaway Retreat community. Lots of room to build barn and arena and more! Small, quiet community with only 9 lots total, each of which are 10+ acres lots. This property is level and located at end of private road offering great privacy and serenity. Fenced on three sides with cattle working pens. Current ag exemption in place. Buyer responsible for installing septic. Water well and electric on site. Deed restrictions in supplements or text Listing Agent for a copy. Room measurements are according to building plan and plumbing is stubbed out accordingly. Floor plan can be found in documents as well as renderings of what finished home could look like. OWNER FINANCING AVAILABLE. 20% down 8% interest, 20 yr amortization, 5 yr balloon. Conveniently located Less than 1 hr south of Fort Worth. Buyer responsible for survey. Recent bond approval for growing Covington ISD schools.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /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: Covington

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Lot 1 TBD PRIVATE ROAD415 / SH 171 | Property Details | No Agent List