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$299,000

NAL Estimated Property Value

(TBD) 2959 FM 20 Highway, Red Rock, TX, 78662

Off MarketInfo
Baths0 Bath

About this property

This beautiful 12-acre ag-exempt property offers the perfect blend of peaceful country living and convenient access to nearby towns—just 16 miles from Bastrop, 13 miles from Lockhart, and 28 miles from South Austin. With FM 20 highway frontage and a mixture of oak, elm, mesquite, cedar, and pecan trees scattered throughout, the land features open pasture and a scenic, tree-lined stretch of Bee Creek along the back of the property. Wildlife is abundant, including deer, turkey, and more, making it ideal for nature lovers or those seeking a private retreat. The property is governed by deed restrictions to preserve the character and integrity of the area. These include but not limited to-no commercial use, a limit of no more than two single-family dwellings through county approval (can't be divided less than 5 acres per dwelling), no additional subdividing, and a requirement that any home built must be constructed a minimum of 1400 sq. ft. per home. The buyer will be responsible for installing a boundary fence within 30 days of closing. Whether you're dreaming of a quiet homestead, a weekend getaway, or a long-term investment, this unique property offers endless possibilities in a prime Central Texas location.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /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: Red Rock

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(TBD) 2959 FM 20 Highway | Property Details | No Agent List