1474 County Road B
Lexington, TX, 78947 $ 1,305,000
Bedrooms-- Baths-- Sq 3,119 for $1,305,000. This 3,119 square foot property was built in 2011 on a lot size of 4.26.
Deep in the heart of Blue, Texas, this strategically located 4.2-acre property offers a versatile opportunity approximately one hour from Austin, 30 minutes to Taylor and Bastrop, and 15 minutes to Elgin. The site is well-suited for a range of uses including short-term rental operations, private events, or a boutique venue concept. The property is improved with a 3,119 SF main residence (3 bed / 3 bath) and two detached guest accommodations, all thoughtfully positioned within a landscaped setting featuring mature grounds, butterfly gardens, and a maintained lawn surrounding a saltwater sports pool. A dedicated outdoor entertainment area includes a stage and dance floor, creating built-in infrastructure for live music, private events, or group gatherings. The main residence features wraparound porches, an outdoor kitchen and dining area, hot tub, and an open-concept interior oriented toward the pool and outdoor space. The primary suite includes a custom marble bath, while additional living space has been created via a converted upper level with bonus room, bedrooms, and bath with separate exterior access—ideal for guest privacy or flexible occupancy. Two guest houses provide additional revenue or hosting capability. The first (approx. 680 SF) includes a loft, kitchenette, full bath, fireplace, and flexible sleeping capacity, with room for expansion. The second (approx. 420 SF) offers a more private setting with kitchenette, full bath, and a dedicated deck area. With existing use as an income-producing Airbnb and infrastructure in place for events or gatherings, the property presents a compelling opportunity for investors or owner-operators seeking a turnkey hospitality, retreat, or event-driven asset in a high-growth Central Texas corridor.
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FeaturesGeneralSewer Septic Tank
Heating Central
Cooling Ceiling Fan(s) Central Air
Utilities Above Ground Cable Available Electricity Connected Propane Water Connected
Zoning No zoning
Security Features Closed Circuit Camera(s) Smoke Detector(s)
Construction Materials HardiPlank Type Masonry – Partial Stone
Year Built 2011
View Pasture Rural Trees/Woods
Property Subtype Mixed Use
Tax Year 2022
Current Use Bed & Breakfast Commercial Mixed Use Ranch Residential
Accessibility Common Area
County Lee
Operating Expense 0
New Construction N
Property Type Commercial Sale
Energy Efficient None
Subdivision Name Yes
Building Features Appliances Fenced Outside Storage
Green Sustainability None
Other Structures Corral(s) Garage(s) Guest House Outdoor Kitchen RV/Boat Storage Storage Workshop
Status Active
Directions From the intersection of Loop 123 and 696 W. drive 1.2 miles and turn left onto FM 696 W. Drive 7.5 miles and turn left onto CR 309. In 1.7 miles turn left onto CR B and the property will be 1.1 m
City Lexington
Disclosures None
MLS Area LC
Lot Size Square Feet 185565.6
Property Condition Resale
Additional Parcels Y/N Y
Leasable Area 3119
Virtual Tour https://www.propertypanorama.com/instaview/aus/2682643 https://1474countyroadb0.mls.tours/
Lease Type None
Standard Status Active
Year Built Source Owner
Tax Assessed Value 483980
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InteriorFlooring Carpet Laminate
Total Bedrooms 0
Total Baths 0
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ExteriorParking Features Additional Parking Attached Carport Carport Circular Driveway Covered Door-Multi Garage Garage Faces Front Guest RV Access/Parking Workshop in Garage
Water Source Well
Total Parking 6
Foundation Details Slab
Number of Buildings 7
Building Area Total 3119
Lot Size Acres 4.26
Waterfront Y/N N
Other Equipment See Remarks
Horse Y/N N
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* Excluded FeaturesList ByShelly MorganListing Agent
Don Quick & Associates, Inc.Broker
NearbyAbout Lexington, TX 1,251 Population
25% Since 2002
$ 57,528 Median Income
40.94 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
3038596 Elementary School
3038443 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/9/2026 | $1,305,000 | | Listed Price |