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Keenan Group#1 Austin Board of Realtors Team 2024
0 FM 487, photo 1 of 11, Jarrell, Jarrell, TX
Active

$2,475,000

19.00 acresLot

0 FM 487, Jarrell, TX 76537

Reduced 38%$3,999,990
Jarrell·MLS# 4506371·124 days on market

— bed, — bath on 19.00 acres in Jarrell. Jarrell, TX 76537. $2,475,000. Jarrell ISD.

About This Home

19.8 Ag Exempt Acres | FM 487 Commercial Development Site Near Jarrell High School

Strategically positioned commercial development tract consisting of approximately 19.8 acres located on FM 487 in the path of rapid growth in Jarrell. The property offers outstanding potential for office, medical, commercial, technology-support, and mixed-use development. Recent annexation and C-1 commercial zoning approval. Low holding costs make this a great, potential opportunity for Buy & Hold or 1031 buyer.

The site benefits from exceptional regional accessibility, located just minutes from I-35 and along the future CR 305 Major Arterial corridor. As planned, CR 305 will ultimately provide a six-lane connection across I-35, creating substantial traffic counts and long-term commercial visibility.

Adjacent ownerships are also being marketed for sale, creating a rare assemblage opportunity approaching 600 acres for larger-scale development projects.

Highlights: • Approx. 19.8 Acres - Ag Exempt - Low Holding Costs • Frontage along FM 487 • Minutes from I-35 • Assemblage potential approaching 600 acres with neighboring properties • Future CR 305 Major Arterial corridor • Planned six-lane roadway connection across I-35 • Strong demographics and residential growth throughout Jarrell • 12" water line located approximately 1,800 feet east of the property • Adjacent wastewater lift station and planned 18" gravity main • Walmart recently announced for Jarrell, adding significant retail momentum •Partially in the ETJ

Buyer to confirm all info.

Additional Opportunity: The 118 acre companion tract located south of FM 487 is also available, and has a recently executed Utility Service Agreement with the City of Jarrell that secures the first 400 Living Unit Equivalents (LUEs) at a total cost of only $4,000 per LUE ($2,000 water / $2,000 wastewater), representing an estimated savings of approximately $4 million compared to current impact fee rates. See MLS #1967687

Property Type
Farm
Lot Size
19.00 acres

Listing information last updated September 3, 2026.

Listed by All City Real Estate Ltd. Co

MLS# 4506371 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Generous 19.00-acre lot
Agricultural
Recent annexation and C-1 commercial zoning approval
Low holding costs make this a great, potential opportunity for Buy & Hold or 1031 buyer

Facts & Features

Exterior & Lot

Lot Features

  • Agricultural
Lot Size
19.00 Acres
Financial
Original List Price
$3,999,990
Utilities
  • Electricity Available
  • Sewer Available
  • Water Available

Transaction History

1 record on file

Every recorded listing, sale, and lease at 0 FM 487, whoever represented it.

  1. ActiveListed 2026
    Current price: $2,475,000Original list: $3,999,990MLS 4506371
    1. Listed · June 19, 2026$3,999,990
    2. Price changed · July 28, 2026$2,999,990
    3. Price changed · September 3, 2026$2,475,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

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Price & Listing History

Listing timeline with current price, original ask, and market time.

View Timeline
Current list
$2,475,000
Original list
$3,999,990
Price movement
$1.5M reduction
Listed / DOM
Jun 19, 2026 · 124 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$5,567
Assessment Year
2025
Parcel ID
R-11-0410-0000-0047
$6K
$5K
$5,567
2025
$5,453
-2.0% from prev
2026
YearTaxesTotal AssessmentLandAdditions
2026-2.0%
—$5,453$815,670—
2025
—$5,567$900,000—
5-Year Change-2.0%
Map showing 0 FM 487
0 FM 487
Directions

Zoned Schools

Jarrell ISD

1 High School1 Middle School1 Elementary School

Jarrell

High SchoolGrades 9-12Zoned assignment

Jarrell

Middle SchoolGrades 6-8Zoned assignment

Jarrell

ElementaryGrades K-5Zoned assignment

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

20% ($495K)

Adjustable assumption - not a lending recommendation.

$2,475,000

Loan: $2.0M
Mortgage rate%
Payoff: ~2056
No mortgage rate is assumed
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Keenan Market Position

A sourced read on Jarrell pricing, timing, and property scale. No automated valuation claim.

List price

$2,475,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

124 days

Original to current

$1.5M reduction

$4M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Verified property facts

Frequently Asked Questions

How much is 0 FM 487?

0 FM 487 is listed at $2,475,000 with 0 bedrooms, 19.00-acre lot. This places it above the ZIP 76537 single-family closed-sale median price of $259,900 (ZIP 76537 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 21, 2026).

What school district is 0 FM 487 in?

0 FM 487 is zoned for Jarrell ISD with assigned schools: Jarrell (elementary), Jarrell (middle), Jarrell (high). School assignments should be verified directly with the district.

What are the property taxes for 0 FM 487?

The most recent annual property tax for 0 FM 487 is $92. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 0 FM 487?

This page does not assume a mortgage rate or publish a monthly payment for 0 FM 487. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 0 FM 487 compare with other homes in Jarrell?

As of Oct 15, 2026, 0 FM 487 is offered at $2,475,000. The current MLS snapshot shows 308 active listings in 76537.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Jarrell

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 3:07:24 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 3:07:24 PM

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