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Keenan Group#1 Austin Board of Realtors Team 2024
120 Novi RD, photo 1 of 10, Florence, Florence, TX
Active

$589,999

0Beds
11.40 acresLot

120 Novi Rd, Florence, TX 76527

Reduced 6%$625,000
Florence·MLS# 1597554·Built 2025·184 days on market

— bed, — bath on 11.40 acres in Florence. Florence, TX 76527. $589,999.

About This Home

Bring your business vision to life in the rapidly growing Greater Austin periphery. Built in 2021, this blank-slate structure features structural concrete slab flooring, insulated double-pane windows, and high-quality spray foam insulation. The building's open-span interior footprint is perfectly primed for customization into a commercial event venue, light manufacturing workshop, corporate headquarters, or agritourism hub.Core Structure Size: 5,425 total square feet across two potential levels. Acreage: 11.48 acres of gently rolling, open-pasture terrain.Zoning/Restrictions: Unrestricted lot located outside city limits, allowing flexible commercial uses.Shell Status: Under construction; frame, metal roof, exterior walls, and slab are complete.Existing Utilities: Private water well, septic tank system, electricity on property, and propane capability.Structural Details: Spray foam insulated shell, aluminum frame windows, and attached garage/carport bay.Investment & Use Case PotentialCorporate Workshop / Flex Space: The massive footprint allows clear zoning for an office entrance transitioning into heavy workshop space.Event Venue or Vineyard: Deep acreage provides scenic Texas Hill Country pasture backdrops and ample client parking spaces.Live-Work Compound: The plumbing and framing layout can easily integrate a 3-bedroom, 2-bathroom luxury living quarter attached to a business storefront.Location Advantages: Positioned with easy dual access along a public maintained road just off CR 221. The property delivers peaceful, wide-open rural advantages while maintaining seamless logistical transit to local Austin-area business corridors via nearby Highway 183 and Highway 138.

Property Type
Commercial Sale
Year Built
2025
Lot Size
11.40 acres

Listing information last updated June 1, 2026.

Listed by JBGoodwin REALTORS NW

MLS# 1597554 • Active

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

Highlights

New construction completed in 2025
Generous 11.40-acre lot
Bring your business vision to life in the rapidly growing Greater Austin periphery

Facts & Features

Interior

Flooring

  • Concrete
Exterior & Lot

Construction

  • Concrete
  • Glass
  • Spray Foam Insulation
Lot Size
11.40 Acres

Parking

  • Unpaved
Financial
Original List Price
$625,000
Utilities
  • Water Available

Transaction History

1 record on file

Every recorded listing, sale, and lease at 120 Novi RD, whoever represented it.

  1. ActiveListed 2026
    Current price: $589,999Original list: $589,999MLS 1597554
    1. Listed · May 14, 2026$589,999

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
$589,999
Original list
$625,000
Price movement
$35K reduction
Listed / DOM
May 14, 2026 · 184 days

Tax Record

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

Assessed Value
$587,532
Assessment Year
2025
Year Built
2023
Parcel ID
R-10-W064-5000-0002BE
$791K
$588K
$587,532
2025
$790,899
+34.6% from prev
2026
YearTaxesTotal AssessmentLandAdditions
2026+34.6%
—$790,899$356,884$434,015
2025
—$587,532$425,261$549,817
5-Year Change34.6%
Map showing 120 Novi RD
120 Novi RD
Directions
Principal & interest
$3,175

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

Illustrative down payment

20% ($118K)

Adjustable assumption - not a lending recommendation.

Home price

$589,999

Loan: $472K

Loan details

Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-11-12
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Luxury property intelligence

Keenan Market Position

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

List price

$589,999

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

184 days

Original to current

$35K reduction

$625K original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.

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Frequently Asked Questions

What are the property details for 120 Novi Rd?

120 Novi Rd is a Commercial Sale built in 2025 featuring 0 bedrooms, 11.40-acre lot.

How should a buyer estimate the monthly payment for 120 Novi Rd?

This page does not assume a mortgage rate or publish a monthly payment for 120 Novi Rd. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 120 Novi Rd compare with other homes in Florence?

As of Oct 16, 2026, 120 Novi Rd is offered at $589,999. The current MLS snapshot shows 24 active listings in 76527.

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 Florence

#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.

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 10/16/2026, 4:07:12 AM. 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.

Use or search of this IDX data by anyone other than a consumer looking to purchase real estate is prohibited. Automated collection, scraping, republication, or redistribution of MLS listing data is prohibited.

Keenan Luxury Market Index figures and Keenan Group sales counts are published under CC BY 4.0 and may be reused with attribution to Keenan Group at Compass. Methodology and citation format: thekeenangroup.com/the-source/keenan-luxury-market-index-methodology.

Last updated: 10/16/2026, 4:07:12 AM

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