#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Jarrell offers one of the lowest property tax rates among major development markets in Texas, making it an attractive location for investors, developers, and businesses. Situated in Williamson County—ranked as the 9th fastest-growing county in the nation by the U.S. Census Bureau—Jarrell continues to experience strong population growth and economic expansion.
In addition to local growth, nationwide trends in reverse commuting highlight the increasing number of people choosing to live and work in suburban communities, further strengthening Jarrell’s long-term development potential.
Growing Community with Excellent Schools Jarrell ISD is experiencing rapid growth, adding 580 students during the 2021–2022 school year, representing a 25% increase from the prior year. The district currently serves a growing residential base supported by 14 active subdivisions, 8 planned future subdivisions, and nearly 12,000 future residential lots.
Strategic Location with Easy Access Jarrell is conveniently located near several major growth corridors in Central Texas, providing easy access to key employment and commercial centers:
Approximately 20 minutes from Georgetown Approximately 25 minutes from the Belton–Temple area Approximately 45 minutes from Downtown Austin Approximately 50 minutes from Austin-Bergstrom International Airport (ABIA) With strong population growth, expanding residential development, quality schools, and excellent regional connectivity, Jarrell is well-positioned for future growth and investment.
Property Type
Land
Lot Size
115.00 acres
Listed by MODUS Real Estate
Verified property facts
900 W Fm 487 is listed at $11,500,000 with 0 bedrooms, 115.00-acre lot. This places it above the 76537 median of $286,290.
900 W Fm 487 is zoned for Jarrell ISD with assigned schools: Double Creek (elementary), Jarrell (middle), Jarrell (high). School assignments should be verified directly with the district.
900 W Fm 487 is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
900 W Fm 487 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 900 W Fm 487 is $3,996. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Lot Features
Waterfront
Listing timeline with current price, original ask, and market time.
Jarrell ISD
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% ($2.3M)
$11,500,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$11,500,000
Price per sqft
Not available
Vs. Downtown Austin median
+1214.3%
$875K median
Days on market
16 days
Original to current
No verified reduction
$11.5M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 1214% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 12, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($2,300,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 900 W Fm 487 is around $60,004 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $11,500,000, 900 W Fm 487 is in the Downtown Austin market where there are currently 283 active listings in 76537. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
900 W Fm 487 includes verified waterfront access: Pond. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
900 W Fm 487 sits on a 115.00-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Jarrell ISD in the 76537 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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