— 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
Facts & Features
Interior
- Concrete
Exterior & Lot
- Concrete
- Glass
- Spray Foam Insulation
- Lot Size
- 11.40 Acres
- 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.
- ActiveListed 2026Current price: $589,999Original list: $589,999MLS 1597554
- 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.
- 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
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026+34.6% | — | $790,899 | $356,884 | $434,015 |
2025 | — | $587,532 | $425,261 | $549,817 |
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 details
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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