1351 E FM 487, Jarrell, TX 76537

Beautiful 40-acre property featuring an approximately 1,802 sq ft single-story home and a metal barn, home is currently leased. The property maintains an Agricultural Exemption. Utilities include water and electricity, and a power line easement runs along the rear portion of the property. The property includes a Donahoe Creek watershed. According to Williamson County floodplain records, the property is located in Flood Zone X (area of minimal flood hazard). A survey is available. Previous owner disclosed 30 acres of improved pasture, 20 Planted with Coastal and Tiftan 85, 10 with Oats. However current owner has not continued crops.

1351 E FM 487 delivers 40 acres in Jarrell, TX 76537 with a 1,802-square-foot single-story home priced at $4.50 million, or $2,497 per square foot. In just 9 days on market, 1351 E FM 487 stands out for something increasingly hard to find in Williamson County: a Farm - Single Family Residence with scale, utility service in place, and agricultural tax treatment still intact.

The house was built in 1997 and offers 3 bedrooms and 2 bathrooms, which keeps the residential footprint straightforward and manageable while the land does the heavy lifting. This is a property for buyers who think beyond the house count and focus on acreage, access, and future flexibility. A metal barn adds practical value for equipment, storage, or ranch use. City water and electricity are already on site, which matters on rural tracts where infrastructure can change both cost and timeline. The home is currently leased, so there is existing occupancy in place rather than vacant carry.

The setting is in Jarrell with no neighborhood designation provided in the source data, and that matters because this tract reads more like a standalone land holding than a subdivision product. East FM 487 gives the property direct identity on one of Jarrell’s key rural corridors, and the FM 487 connection to Interstate 35 places it in a part of Williamson County that continues to draw attention for land use, access, and long-term growth patterns. Donahoe Creek also runs through the property’s watershed story, which adds another layer buyers should understand when evaluating land character and drainage. According to the provided records, the tract sits in Flood Zone X, an area of minimal flood hazard.

The land profile is also part of the appeal. A prior owner reported 30 acres of improved pasture, with 20 acres planted in Coastal and Tifton 85 and 10 acres in oats, though the current owner has not continued those crops. That history still tells you the ground has been used productively. A power line easement runs along the rear portion of the property, and a survey is available, both of which help frame due diligence early.

School district, school names, school ratings, and verified drive times are not provided in the source data, so the clearest story here is land, infrastructure, and use value. For a buyer looking at Jarrell through the lens of acreage living, agricultural exemption, and long-term Williamson County positioning, this property offers a rare combination of present function and future leverage.