1 bed, 1 bath, 1,200 sqft on 74.88 acres in Lexington. Lexington, TX 78947. $1,150,000. Lexington ISD.
About This Home
Welcome to your own secluded paradise! This remarkable property spans over 74 acres of breathtaking natural beauty, offering a haven for wildlife enthusiasts and those seeking a peaceful country atmosphere. The centerpiece is a charming 1-bedroom, 1-bathroom metal home, featuring a spacious front porch where you can unwind and immerse yourself in the serene surroundings. In addition to the main residence, you’ll find a detached office equipped with a kitchenette and a half bath, providing a convenient and private space for work or personal use. A unique two-story structure on the property offers living quarters on the second floor, perfect for guests or family members, while the main level serves as a workshop for all your projects and hobbies. The pasture area is ideal for livestock, complete with 100% fencing and cross-fencing to ensure the safety and well-being of your animals. The property boasts sandy loam soil, which is highly desirable for agricultural purposes, and comes with an agriculture exemption, allowing you to enjoy reduced taxes. With beautiful homesites scattered throughout, you can choose the perfect spot to build your dream home. As you explore the land, you’ll encounter gentle rolls leading to a lovely pond, accompanied by a seasonal creek and scattered trees, creating a tranquil and scenic setting. Whether you’re looking for a hunting retreat, a place to call home, or simply a leisurely escape, this property has it all. Essential utilities including a water well, propane, and electricity are already in place. Access to the property is convenient via a paved county road. Don’t miss the chance to see this incredible property for yourself. Schedule an appointment today and experience the tranquility and endless possibilities that await you in this extraordinary retreat. Please note that the property is being sold “As-Is.”
2542 County Road 306 is defined by 74.88 acres in Lee County, a scale that carries the real weight of this offering. In Lexington, TX 78947, this Farm - See Remarks property is listed at $1.15M, or $958 per square foot, with a 1,200 square foot metal home built in 1995 that includes 1 bedroom and 1 bath.
The main residence is only part of the equation. The broader value is in how the property is already set up to function. There is a detached office with a kitchenette and half bath, plus a separate two-story structure with living quarters on the second floor and a workshop below. That combination gives the site more utility than a simple one-home rural tract and creates options for work space, guest use, storage, and hands-on agricultural or recreational use without starting from raw land.
The acreage reads as productive ground rather than excess acreage for its own sake. The pasture is fully fenced and cross-fenced, which matters for livestock management and day to day control of the land. Sandy loam soil adds another practical layer for agricultural use, and the existing agriculture exemption directly affects carrying costs. The terrain rolls toward a pond, with a seasonal creek and scattered trees shaping the tract in a way that supports both open use and natural cover. Multiple homesites are noted across the property, which gives a future owner flexibility in how the land is improved over time.
Infrastructure is already in place where it counts for rural property. Water well, propane, and electricity are established, and access comes from a paved county road. Those details have real importance on acreage of this size because they influence upkeep, service access, and the cost and complexity of future plans. The property is also being sold as-is, which sets a clear frame for evaluation.
With 217 days on market, this is not a property that should be judged by bedroom count alone. It is a nearly 75-acre Lee County holding with an existing residential footprint, auxiliary structures, agricultural setup, tax advantage, and usable utility base already on site. For the buyer focused on land utility and long-term control of a sizable rural tract, the position here is in the acreage, the infrastructure, and the range of uses the property can support from day one.
The numbers behind this insight
- Offered at
- $1,150,000
- Listed
- June 4, 2025
- Asking price per sq ft
- $958
- Property Type
- Farm
- Year Built
- 1995
- Lot Size
- 74.88 acres
- Price / Sq Ft
- $958
Listing information last updated August 7, 2026.
Listed by Brokers Real Estate
MLS# 9282421 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Laminate Counters
- Gas Range
- Range
- Free-Standing Gas Range
- RNGHD
- Free-Standing Refrigerator
- Laminate
- No Carpet
- Tile
- Heating
- Central,Propane
- Cooling
- Ceiling Fan(s),Central Air
Exterior & Lot
- Private Entrance
- Private Yard
- Metal Siding
- Agricultural
- Gentle Sloping
- Many Trees
- Barbed Wire
- Cross Fenced
- Slab
- Covered
- Front Porch
- Porch
- Roof
- Aluminum,Metal
- Lot Size
- 74.88 Acres
- Driveway
- Outside
- Dry
- Seasonal
- Pond
Financial
- Original List Price
- $1,150,000
- Price per Sq Ft
- $958
Utilities
- Electricity Connected
- Propane
- Sewer Connected
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 2542 County Road 306, whoever represented it.
- ActiveListed 2025Current price: $1,150,000Original list: $1,150,000MLS 9282421
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,150,000
- Original list
- $1,150,000
- Price movement
- No verified reduction
- Listed / DOM
- Jun 4, 2025 · 499 days
Zoned Schools
Lexington ISD
Lexington
Lexington
Lexington
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% ($230K)
Adjustable assumption - not a lending recommendation.
$1,150,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lexington pricing, timing, and property scale. No automated valuation claim.
List price
$1,150,000
Price per sqft
$958/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
499 days
Original to current
No verified reduction
$1.2M 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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