— bed, — bath on 231.11 acres in Troy. Troy, TX 76579. $15,946,590. Troy ISD.
About This Home
Introducing a rare opportunity to own 231.11 acres of prime development or investment land in the rapidly growing area. This versatile tract with over 10,812 feet of frontage on 3 sides of the lot and road access along 80% of its perimeter, offering unparalleled accessibility. Approximately 42 acres are already in Troy city limits, and the rest may be annexed. Located just 1 minute from Troy Elementary and 4 minutes from Troy High School, and directly across from a brand new 285-lot subdivision built by national developers, this parcel is poised for growth.
Situated just 0.8 miles from I-35 and only 9 miles to Temple, this location combines rural charm with urban convenience. The land features rolling topography with over 100 feet of elevation change, long-range views, and a mix of native trees perfect for a scenic community layout. With Ag Exemption in place and minimal floodplain, the site offers both short- and long-term value. All essential utilities—water, sewer, and electricity—are accessible, making it attractive for single-family homes, townhomes, multifamily, or commercial developments.
In addition to its location benefits, the land’s layout and natural features make it ideal for a thoughtfully designed community with open spaces, walking trails, and potential park areas. With rising demand for housing in the I-35 corridor, this property stands out as a rare, large-scale canvas for both residential and mixed-use development. Multiple subdivided parcels are also available, with ability to customize the total acreage from 20+ to 231+ acres depending on buyer needs. Whether you're an experienced developer or investor seeking long-term appreciation, don’t miss this chance to create something remarkable in one of Central Texas’s most promising corridors!
*The seller is highly motivated and open to all offers. Start with a Letter of Intent (LOI). Detailed Offering Memorandum (OM) and Drone Video available upon request.*
Call/Text Agent Madhu
# Property Insight: 999999 E Main St, Troy, TX 76579
At 231.11 acres with over 10,800 feet of road frontage on three sides, this Troy land parcel represents one of Central Texas's largest contiguous development opportunities in an I-35 growth corridor positioned for the next decade of expansion. The property sits just 0.8 miles from Interstate 35, nine miles south of Temple, and directly across from a recently completed 285-lot subdivision-a clear signal of market momentum in this Bell County micro-market.
The land's natural topology works in any developer's favor. Rolling terrain with more than 100 feet of elevation change creates natural amphitheater-style views across the parcel, while native tree coverage provides both screening and design flexibility. The mix of open meadow and woodland allows for thoughtful site planning that preserves character while accommodating density. Minimal floodplain exposure and land already carrying agricultural exemption tax benefits reduce upfront development friction.
Infrastructure accessibility removes a major hurdle. Water, sewer, and electricity run to or near the property lines. Road access borders approximately 80 percent of the perimeter, meaning minimal costly infrastructure extensions for utilities or internal circulation. Approximately 42 acres already sit within Troy city limits, with the remainder eligible for annexation into the city's growth boundary-a regulatory advantage for streamlined permitting.
The surrounding context matters. Troy Elementary sits just one minute away. Troy High School is four minutes out. This proximity to schools in the Waco Independent School District draws family-oriented development. The proximity to existing residential construction (the 285-lot neighborhood across the street) validates buyer demand and reduces market risk for whoever builds here.
Scale matters here. Developers can architect single-family subdivisions, multifamily rentals, or mixed-use communities on this canvas. Some buyers may want the full 231 acres. Others prefer segmented parcels starting at 20 acres. That flexibility attracts multiple buyer profiles-institutional developers, local builders, and long-term investors betting on the I-35 corridor's continued northward growth toward Waco.
At 196 days on market, the seller shows motivation. The offering memorandum, drone footage, and letter-of-intent framework are available for serious exploratory conversations. This is development-ready land at a scale that rarely surfaces in Central Texas. The next phase of Troy's growth likely starts here.
The numbers behind this insight
- Offered at
- $15,946,590
- Listed
- June 25, 2025
- Property Type
- Land
- Lot Size
- 231.11 acres
Listing information last updated May 29, 2026.
Listed by FULL CIRCLE RE
MLS# 4884930 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Agricultural
- Rolling Slope
- Barbed Wire
- Perimeter
- Lot Size
- 231.11 Acres
- Dry
- Seasonal
- Pond
Financial
- Original List Price
- $15,946,590
Utilities
- Electricity Available
- Water Available
Transaction History
1 record on file
Every recorded listing, sale, and lease at 999999 E Main ST, whoever represented it.
- ActiveListed 2025Current price: $15,946,590Original list: $15,946,590MLS 4884930
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
- $15,946,590
- Original list
- $15,946,590
- Price movement
- No verified reduction
- Listed / DOM
- Jun 25, 2025 · 478 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% ($3.2M)
Adjustable assumption - not a lending recommendation.
$15,946,590
Luxury property intelligence
Keenan Market Position
A sourced read on Troy pricing, timing, and property scale. No automated valuation claim.
List price
$15,946,590
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
478 days
Original to current
No verified reduction
$15.9M 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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