Investment Opportunity | 29 Acres with Existing Income, Expansion Potential & Strategic Growth Location Positioned southeast of San Antonio in a rapidly expanding growth corridor, this 29-acre property offers a rare combination of current income production and significant future development potential. The property currently supports 18 leased manufactured homes situated on approximately 12 acres, providing immediate cash flow and an established tenant base. Each homesite is served by its own septic system, reducing operational complexity and infrastructure investment requirements. The remaining acreage presents substantial upside for expansion. Investors may explore opportunities to increase density within the existing manufactured home community, develop additional rental sites, introduce RV or workforce housing concepts, or pursue alternative residential or commercial uses subject to applicable approvals. A distinctive asset is the property's 1,900-foot FAA-listed grass airstrip, creating additional flexibility and potential niche-market appeal. Long-term appreciation prospects are enhanced by a new high school currently under construction directly across the road, bringing increased traffic, population growth, and demand to the immediate area. Combined with the continued expansion of the greater San Antonio market, this property is well-positioned to benefit from ongoing regional development trends. Investment Highlights: 29 total acres in a high-growth area southeast of San Antonio Existing income from 18 leased manufactured home sites Individual septic systems serving each homesite Significant acreage available for future development 1,900-foot FAA-listed grass airstrip New high school under construction across the road Multiple value-add and expansion opportunities Potential for increased cash flow and long-term appreciation Whether you're seeking a cash-flowing asset, a land banking opportunity, or a development project with immediate revenue, this property offers the flexibility and upside that investors are looking for in today's market.
For sale
Price cut: $300K (6/16)
$1,600,000
12022 donop, San Antonio, TX 78223
0beds
0baths
--sqft
Farm
Built in ----
29.08 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 291 days |
- 56 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Charles Hamilton TREC #787560 (210) 739-5306,
Allison James Estates & Homes
Source: LERA MLS,MLS#: 1908443
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Dining room
- Dimensions: 14 x 12
Family room
- Area: 210
- Dimensions: 15 x 14
Living room
- Area: 210
- Dimensions: 15 x 14
Property
Features
- Waterfront features: Other
Lot
- Size: 29.08 Acres
Details
- Parcel number: 040077750010
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Materials
- Other
Utilities & green energy
- Sewer: Septic
- Water: No Wells
- Utilities for property: Electricity Available, Water Available, Electricity Connected, Water Connected
Community & HOA
Location
- Region: San Antonio
Financial & listing details
- Tax assessed value: $59,980
- Annual tax amount: $1
- Price range: $1.6M - $1.6M
- Date on market: 9/17/2025
- Cumulative days on market: 292 days
- Listing terms: Cash,Conventional,VA Loan,Texas Vets
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,560/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Price change | $1,600,000-15.8% |
Source: | ||
| 9/17/2025 | Listed for sale | $1,900,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,078 +20% | $59,980 +17% |
| 2024 | $898 -0.1% | $51,280 |
| 2023 | $900 +7.1% | $51,280 +18.8% |
| 2022 | $840 +40.8% | $43,180 +26.8% |
| 2021 | $596 | $34,060 +16% |
| 2020 | $596 +14% | $29,350 +18.3% |
| 2019 | $523 | $24,820 +7.1% |
| 2018 | $523 +5.2% | $23,180 -0.3% |
| 2017 | $497 | $23,260 +9.5% |
| 2016 | -- | $21,250 +14.6% |
| 2015 | -- | $18,540 +50% |
| 2014 | -- | $12,360 -1.1% |
| 2013 | -- | $12,500 -0.6% |
| 2012 | -- | $12,570 -9.5% |
| 2011 | -- | $13,890 |
| 2010 | -- | $13,890 -0.6% |
| 2009 | -- | $13,980 |
| 2008 | -- | $13,980 +6.4% |
| 2007 | -- | $13,140 +36.9% |
| 2006 | -- | $9,600 +24.7% |
| 2005 | -- | $7,700 |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 78223
Nearby schools
GreatSchools rating
- 3/10Harmony Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 3/10East Central Heritage Middle SchoolGrades: 6-8Distance: 5 mi
- 2/10East Central High SchoolGrades: 9-12Distance: 6.5 mi
Schools provided by the listing agent
- Elementary: Harmony
- Middle: East Central
- High: East Central
- District: East Central I.S.D
Source: LERA MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Bexar County
- San Antonio
- 78223
- 12022 donop





