3 bed, 3 bath, 2,370 sqft on 11.97 acres in Liberty Hill. Liberty Hill, TX 78642. $1,875,000. Liberty Hill ISD.
About This Home
Attention Investors And Developers: Do The Math! This Is A Rare Opportunity To Secure 11.98 Acres Of Prime Real Estate In The Exploding Liberty Hill ETJ. Located At 120 Craigen Rd, This Parcel Sits Directly In The Path Of Massive Commercial And Residential Progress.
Location, Location, Location! The Liberty Hill Area Is Booming. You Are Positioned Just Minutes Away From The Brand New $62 Million Costco Wholesale That Just Opened This Month, And The Massive Upcoming Target Superstore Slated To Open In June 2026. With An H-E-B Close By, The Retail Anchor Infrastructure Is Already Here!
Surrounded By Rooftops! This Tract Is Surrounded By Thousands Of New Residential Home Permits Within A 5-Mile Radius. You Are Flanked By The Highly Acclaimed Santa Rita Ranch Master-Planned Community And A Massive 400-Acre Pulte Homes Development. The Customer Base Is Literally Building Up Around You.
Unlimited Potential. With Its Strategic Location And Favorable ETJ Zoning, This Is The Perfect Site For A Mixed-Use Development, Retail Strip, Multi-Family Housing, Or A High-Yield Hold For Investment. The Property Currently Includes A 3-Bedroom Home And Utilities (Water, Electricity, Septic) Already On Site.
Smart Investors Know That Land Near Major Retail Hubs Like Costco And Target Disappears Fast. Do Not Let This Goldmine Slip Away. Contact Us Today To Secure This Commercial Gem In 78642!
A rare 11.9-acre parcel in Liberty Hill's fastest-growing corridor, 120 Craigen Rd offers the kind of strategic positioning that moves fast in this market. The property sits directly in the path of transformational retail and residential expansion, with the newly opened $62 million Costco Wholesale and the incoming Target Superstore (June 2026) anchoring immediate commercial momentum just minutes away. H-E-B proximity completes the retail infrastructure trinity, creating a proven customer magnet zone.
The land itself is exceptional. Located in the Liberty Hill ETJ with favorable zoning for mixed-use development, this tract occupies prime real estate flanked by the Santa Rita Ranch master-planned community and a massive 400-acre Pulte Homes development. Thousands of new residential permits within a five-mile radius mean the customer base is literally materializing around this site. The location on a private maintained road provides highway-like access without the noise, while the level topography eliminates grading costs for developers.
The existing 3-bedroom, 3-bath residence (2,370 sqft, built 1995) functions as immediate occupancy or interim revenue during development planning. The home features an open floorplan with the primary bedroom on the main level, two primary closets, and practical finishes including a gas range, dishwasher, and separate laundry. Tile and laminate flooring throughout, ceiling fans, and front and rear porches provide solid bones. Utilities are already established (water, electricity, septic), eliminating critical infrastructure barriers.
Liberty Hill ISD serves the property, with Santa Rita Elementary and Middle School anchoring the district's strong reputation and the Liberty Hill High School creating residential demand for family buyers in the area. This school infrastructure matters for long-term land value as the market matures.
For investors and developers, the math is straightforward: commercial anchor tenants are locked in, residential permits are exploding, and this parcel sits in the exact path of both trends. Mixed-use development, retail strip, multi-family housing, or a strategic hold all remain viable strategies. Land in this position near major retail hubs moves quickly. At $812 per square foot on 11.9 acres, this represents significant value capture before the market fully recognizes the infrastructure shift already underway.
The numbers behind this insight
- Offered at
- $1,875,000
- Listed
- March 18, 2026
- Price changes
- 2, down 2.6% from $1,925,000
- Asking price per sq ft
- $791
- Property Type
- Residential
- Year Built
- 1995
- Lot Size
- 11.97 acres
- Price / Sq Ft
- $791
Listing information last updated October 8, 2026.
Listed by Venture Partners R.E.
MLS# 2044421 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Laminate Counters
- Open Floorplan
- Primary Bedroom on Main
- Two Primary Closets
- Dishwasher
- Disposal
- Dryer
- Exhaust Fan
- Plumbed For Ice Maker
- Free-Standing Gas Range
- Washer
- Electric Water Heater
- Laminate
- Tile
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Rain Gutters
- Hardi
- Plank Type
- Masonry – All Sides
- Wood Siding
- Level
- Private Maintained Road
- Barbed Wire
- Cross Fenced
- Slab
- Front Porch
- Rear Porch
- Roof
- Composition
- Lot Size
- 11.97 Acres
- Driveway
Financial
- Original List Price
- $1,925,000
- Price per Sq Ft
- $791
Utilities
- Electricity Connected
- Phone Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
3 records on file
Every recorded listing, sale, and lease at 120 Craigen RD, whoever represented it.
- ActiveListed 2026Current price: $1,875,000Original list: $1,925,000MLS 9919633
- Listed · March 18, 2026$1,925,000
- Price changed · September 30, 2026$1,875,000
- ActiveListed 2026Current price: $1,875,000Original list: $1,925,000MLS 5794080
- Listed · March 19, 2026$1,925,000
- Price changed · September 30, 2026$1,875,000
- ActiveListed 2026Current price: $1,875,000Original list: $1,925,000MLS 2044421
- Listed · March 18, 2026$1,925,000
- Price changed · October 8, 2026$1,875,000
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
Price Change with current price, original ask, and market time.
- Current list
- $1,875,000
- Original list
- $1,925,000
- Price movement
- $50K reduction
- Listed / DOM
- Mar 18, 2026 · 217 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $264,997
- Assessment Year
- 2025
- Year Built
- 1997
- Parcel ID
- R-15-0417-0000-0047
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026+0.6% | — | $266,630 | $568,973 | $218,695 |
2025 | — | $264,997 | $500,696 | $222,921 |
Zoned Schools
Liberty Hill ISD
Liberty Hill
Santa Rita Middle
Santa Rita
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($375K)
Adjustable assumption - not a lending recommendation.
$1,875,000
Luxury property intelligence
Keenan Market Position
A sourced read on Liberty Hill pricing, timing, and property scale. No automated valuation claim.
List price
$1,875,000
Price per sqft
$791/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
217 days
Original to current
$50K reduction
$1.9M 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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