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Keenan Group#1 Austin Board of Realtors Team 2024

$3,600,000

30.00 acresLot

1951 Fm-487, Jarrell, TX 76537

Jarrell·MLS# 9832304·48 days on market

— bed, — bath on 30.00 acres in Jarrell. Jarrell, TX 76537. $3,600,000. Jarrell ISD.

About This Home

BUILD-TO-RENT DEVELOPMENT OPPORTUNITY | JARRELL, TEXAS | FM 487 Exceptional build-to-rent development opportunity along FM 487, immediately adjacent to Jarrell Middle School in rapidly growing Williamson County. Positioned within the Austin metropolitan growth corridor, the property offers strong residential development potential supported by population growth, housing demand, regional connectivity, and access to major employment centers.

Jarrell is strategically located along the I-35 corridor, approximately 15 minutes north of Georgetown, 25–30 minutes from Round Rock, and 30–40 minutes from North Austin. FM 487 frontage and convenient I-35 access provide connectivity to Austin, Georgetown, Round Rock, Temple, and surrounding Central Texas communities.

BTR HIGHLIGHTS • Adjacent to Jarrell Middle School • FM 487 frontage • Convenient I-35 access • Proximity to Georgetown, Round Rock & Austin • Significant surrounding residential growth • Growing population and housing demand • Family-oriented location • Potential for a professionally managed rental community • Located within Austin’s northward growth corridor

A conceptual site plan illustrates potential for a purpose-built rental community featuring residential units, internal circulation, parking, landscaping, and amenity areas.

Jarrell’s relative affordability, development capacity, and I-35 location provide investors an opportunity to participate in Central Texas growth at a potentially attractive land basis compared with established communities closer to Austin.

DEVELOPMENT Conceptual development plan is for preliminary marketing and investment evaluation only and does not represent approved plans.

Buyer and Buyer’s representatives should independently verify zoning, entitlements, utilities, water/wastewater, drainage, access, regulations, schools, acreage, dimensions, density, feasibility, and all other information with appropriate authorities and qualified professionals.

Property Type
Farm
Lot Size
30.00 acres

Listing information last updated September 24, 2026.

Listed by MODUS Real Estate

MLS# 9832304 • Active

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

Highlights

Generous 30.00-acre lot

Facts & Features

Exterior & Lot
Lot Size
30.00 Acres
Financial
Original List Price
$3,600,000

Transaction History

1 record on file

Every recorded listing, sale, and lease at 1951 Fm-487, whoever represented it.

  1. ActiveListed 2026
    Current price: $3,600,000Original list: $1,000MLS 9832304
    1. Listed · September 3, 2026$1,000
    2. Price changed · September 24, 2026$3,600,000

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
$3,600,000
Original list
$3,600,000
Price movement
No verified reduction
Listed / DOM
Sep 3, 2026 · 48 days

Tax Record

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

Assessed Value
$20,348,521
Assessment Year
2025
Year Built
2025
Parcel ID
R-11-0581-0000-0003
$20.3M
$20.3M
$20,348,521
2025
$20,348,521
+0.0% from prev
2026
YearTaxesTotal AssessmentLandAdditions
2026+0.0%
—$20,348,521$1,348,521$19,000,000
2025
—$20,348,521$1,348,521$19,000,000
5-Year Change0.0%

Virtual Tour

Virtual tour of 1951 Fm-487
Map showing 1951 Fm-487
1951 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% ($720K)

Adjustable assumption - not a lending recommendation.

$3,600,000

Loan: $2.9M
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

$3,600,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

48 days

Original to current

No verified reduction

$3.6M 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 1951 Fm-487?

1951 Fm-487 is listed at $3,600,000 with 0 bedrooms, 30.00-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 1951 Fm-487 in?

1951 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.

How should a buyer estimate the monthly payment for 1951 Fm-487?

This page does not assume a mortgage rate or publish a monthly payment for 1951 Fm-487. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 1951 Fm-487 compare with other homes in Jarrell?

As of Oct 15, 2026, 1951 Fm-487 is offered at $3,600,000. 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, 1:07:23 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, 1:07:23 PM

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