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$120,000

Tracts 7-11 E CR 5300, Lubbock, TX, 79403

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About this property

Playa Vista Ranch Exceptional Wide-Open Living Just Minutes from Lubbock Welcome to Playa Vista Ranch, an exceptional new rural subdivision offering the perfect blend of country living, convenience, and wide-open Texas landscapes. Located in the New Deal Independent School District, this thoughtfully planned development features 14 acreage tracts ranging from 19.493 to 25.559 acres, providing ample space for your dream home, barn, shop, horse facilities, or recreational pursuits. Whether you envision building a custom home, creating an equestrian property, establishing a hobby farm, or simply enjoying the peace and beauty of West Texas, Playa Vista Ranch provides the perfect setting. Conveniently located just 5.4 miles from New Deal, 6 miles from Abernathy, 8.7 miles from Idalou, and only 14.5 miles from Lubbock, residents enjoy the tranquility of rural living while remaining within easy reach of schools, employment centers, shopping, dining, and medical services. The property also offers excellent access either by way of a North Farm-to-Market Highway 2902 or by two well-maintained county roads E County Road 5300 or N County Road 2800, making travel to surrounding communities both convenient and efficient. Available Tracts Tracts 1-6: 23.269 acres each Tracts 7-11: 25.559 acres each Tract 12: 24.295 acres Tracts 13 & 14: 19.493 acres each Protective deed restrictions have been established to preserve the integrity, appearance, and long-term value of the subdivision while allowing owners to enjoy the flexibility and benefits of spacious rural acreage. Land Features The property showcases the level to gently rolling terrain that defines the Texas South Plains, offering expansive panoramic views, spectacular West Texas sunsets, and endless possibilities for development. With plenty of room for homes, barns, workshops, horse facilities, and recreational amenities, each tract provides the space, privacy, and flexibility today's rural buyers desire. Water Water availability is a valuable feature of Playa Vista Ranch. A water well is located on Tract 2 and was reported by the previous tenant to produce approximately 180 gallons per minute (GPM). Three additional wells are located on Tracts 4, 8, and 12. These wells are not currently in use, and no additional information regarding their condition or production is available. Improvements A drip house is located on Tract 4. No other improvements currently exist, allowing buyers the flexibility to develop their property according to their own needs and vision. Government Programs Approximately 258.5 acres are currently enrolled in the Conservation Reserve Program (CRP). The current rental rate is $24 per acre, with the final scheduled payment occurring in September 2030. The purchaser may choose to continue the existing CRP contract or buy out all or a portion of the remaining agreement, subject to program requirements. Mineral Rights Seller will convey no mineral rights. An Outstanding Opportunity Opportunities to purchase quality acreage this close to Lubbock continue to become increasingly limited. Whether you're looking for the perfect homesite to build your custom home, establish a hobby farm, create an equestrian property, embrace the rural lifestyle, or invest in one of the area's growing communities, Playa Vista Ranch offers exceptional value, outstanding accessibility, and the freedom to create the property you've always envisioned. Contact us today for plat maps, deed restrictions, current availability, or additional information about these exceptional West Texas acreage tracts.

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$0Estimated Mortgage Balance
$120,000Estimated Equity
100% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
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Cash Flow Estimate:
$240 /month

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Brandi McCasland

Keller Williams Realty

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Financing Details

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

City: Lubbock

Tracts 7-11 E CR 5300 | Property Details | No Agent List