— bed, — bath on 137.32 acres in Troy. Troy, TX 76579. $4,326,000. Troy ISD.
About This Home
Exceptional opportunity to own 177 +/- acres of prime land in the rapidly growing I-35 corridor between Austin and Dallas. With about 3,865 ft. of Interstate I-35 Road frontage and about 2,158 ft. on E Hillyard Rd, this property offers unmatched visibility and accessibility for commercial, industrial, or residential development. Just 9 miles north of Temple, the site benefits from high traffic counts, Union Pacific Railroad adjacency, and proximity to major markets. Only 30 minutes from the SpaceX Rocket Development Facility.
The property features rolling topography with about 20’ of elevation change, scenic views, and native trees—ideal for a master-planned community. No floodplain, Ag Exemption, and no zoning restrictions offer maximum flexibility. Within the Troy ETJ and may be annexed into the City of Troy to access city utilities. City water is available along I-35, sewer is approx. 2 miles away, and electricity is at the road.
Ideal for logistics hubs, manufacturing, distribution centers, data centers, cold storage facilities, e-commerce fulfillment, truck stops, service stations, mixed-use projects, retail power centers, business parks, residential subdivisions, multifamily communities, RV parks, storage facilities, and hospitality developments. Schools are within 4 miles. Land can be subdivided from 20+ acres to suit phased or multi-use projects.
Central Texas is experiencing explosive growth, fueling demand for housing, industrial, and commercial space. This tract’s size, frontage, location, and infrastructure access make it a rare large-scale development or investment opportunity with strong short and long-term value.
*The seller is highly motivated and open to all offers. Start with a Letter of Intent (LOI). Detailed Offering Memorandum (OM) available upon request.*
Call/Text Agent Madhu
This 137-acre tract on East Hillyard Road in Troy, Texas positions itself as one of the few remaining large-scale development parcels in the I-35 corridor between Austin and Dallas, with roughly 3,865 feet of Interstate frontage and an additional 2,158 feet along E Hillyard Road. The property sits just 9 miles north of Temple and benefits from significant high-traffic visibility and accessibility that larger development projects require.
The land itself carries natural advantages for responsible stewardship. Rolling topography with approximately 20 feet of elevation change creates scenic views and supports native tree growth across the property. There is no floodplain designation, removing major regulatory constraints. The Agricultural Exemption status currently applies, and the absence of zoning restrictions preserves flexibility for the buyer's vision, whether that involves residential, commercial, industrial, or mixed-use development.
Infrastructure readiness matters substantially for development economics. City water is available along the I-35 corridor, electricity connects at the road, and sewer access lies approximately 2 miles away. The property falls within Troy's ETJ (Extraterritorial Jurisdiction), and annexation into the City of Troy would unlock municipal utilities and services. Union Pacific Railroad adjacency adds logistical value for industrial or distribution operations.
The geographic context reinforces development potential. The property's proximity to the SpaceX Rocket Development Facility (30 minutes) reflects the region's attractiveness to tech and advanced manufacturing. Schools operate within 4 miles, important for residential or mixed-use concepts. Temple's established commercial and industrial base 9 miles south creates anchor demand.
Market timing aligns with Central Texas expansion trends. The region continues absorbing demand for housing, logistics infrastructure, data centers, cold storage, e-commerce fulfillment, and light manufacturing. Properties of this scale with I-35 frontage, utilities access, and regulatory flexibility remain scarce.
The land can be subdivided into multiple parcels starting at 20+ acres, enabling phased development or multi-use projects tailored to market demand as it emerges. Buyers maintain complete control over timing, density, and ultimate use. The seller demonstrates motivation and openness to creative structures, including Letters of Intent and detailed Offering Memoranda for qualified developers and investors.
The numbers behind this insight
- Offered at
- $4,326,000
- Listed
- August 3, 2025
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $734 per sq ft over the trailing 12 months (181 sales), as of October 16, 2026.
- Property Type
- Land
- Lot Size
- 137.32 acres
Listing information last updated July 8, 2026.
Listed by FULL CIRCLE RE
MLS# 1830833 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Cleared
- Lot Size
- 137.32 Acres
Financial
- Original List Price
- $4,326,000
Utilities
- Electricity Available
- Water Source
- Public
Transaction History
1 record on file
Every recorded listing, sale, and lease at 532 E Hillyard RD, whoever represented it.
- ActiveListed 2025Current price: $4,326,000Original list: $4,326,000MLS 1830833
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
- $4,326,000
- Original list
- $4,326,000
- Price movement
- No verified reduction
- Listed / DOM
- Aug 3, 2025 · 439 days
Zoned Schools
Troy ISD
Troy
Troy
Troy
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% ($865K)
Adjustable assumption - not a lending recommendation.
$4,326,000
Luxury property intelligence
Keenan Market Position
A sourced read on Troy pricing, timing, and property scale. No automated valuation claim.
List price
$4,326,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
439 days
Original to current
No verified reduction
$4.3M 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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