194 Lcr 614
Groesbeck, TX, 76642
$
399,900
Baths0.0
Monthly Estimate*
$
2,462
Studio for $399,900. The lot size is 40.67.
Look no further—this is the opportunity you’ve been waiting for.
With endless possibilities and unmatched flexibility, this property is ideal for investors, developers, ranchers, or anyone dreaming of building a private estate with room to grow.
The land is fully fenced and designed for agricultural use, featuring five strategically placed gates that allow for seamless cattle rotation and easy access throughout the property. It is currently AG-exempt, keeping property taxes incredibly low—truly pennies on the dollar—making long-term ownership both smart and sustainable.
A water meter is already in place, and while the prior study for additional meters has expired, the seller previously received approval—strongly indicating that re-approval is very likely if you choose to pursue subdivision or future development. Electricity is available, adding even more value and reducing upfront costs for your plans.
Whether your vision includes subdividing and investing, creating a multi-home family compound, running livestock, or building your dream home surrounded by nature, this property can accommodate it all. Mature, beautiful trees are scattered throughout the land, offering privacy, shade, and a peaceful setting that is increasingly hard to find.
To make this opportunity even more compelling, there is an additional 3-acre tract with a fully remodeled home available to purchase alongside the land. If both properties are bundled together, the seller is offering a $50,000 price reduction, creating an incredible value for buyers looking to maximize their investment.
All of this is conveniently located just outside Waco, providing a short drive to shopping, dining, medical facilities, and major roadways—giving you the perfect balance of country living with city convenience.
Properties with this level of versatility, infrastructure, tax advantages, and location are rare. Whether you’re planning for today or investing in tomorrow, this land checks every box.
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Features
General
Development Status
Other
Utilities
Co-op Electric
Co-op Water
No Sewer
Possession
Negotiable
current use
Hunting/Fishing
Resort
Restrictions
No Restrictions
None
School District
Mart ISD
Topography
Lightly Wooded
Open
Property Subtype
Improved Land
Subdivision Name
Hendrick
County
Limestone
Property Type
Land
HOA Type
None
Status
Active
Directions
From Waco
take HWY 164 East toward Mart. Approximately 7.5 miles from Mart
take a right at County Road 614. Less than half a mile down 614
there will be a silver gate at the property.
City
Groesbeck
Elementary School Name
Mart
High School
Mart
Elementary School
Mart
Standard Status
Active
Listing Terms
Cash
Conventional
Texas Vet
USDA Loan
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Exterior
Waterfront
0
Lot Features
Acreage
Many Trees
Vegetation
Wooded
Fencing
Full
Soil Type
Sandy Loam
Lot Size
10 to < 50 Acres
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* Excluded Features
List By
Antoinette Ratliff
Listing Agent
Texas Premier Realty
Broker
Affordability Calculator
- Monthly Principal & Interest
- $2,462
- Monthly Property Taxes
- $90
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Lots and land listings in Groesbeck, TX
Average List Price
$457,637
Percent of Sale Price
14%
About Groesbeck, TX
4,188
Population
0%
Since 2002
$
42,357
Median Income
35.09
Median Age
37%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3976566
Elementary School
3686415
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
2/4/2026
|
$399,900
|
-14.90%
|
Price Down
|
|
1/6/2026
|
$469,900
|
|
Listed Price
|