15-acre property in Franklin, Texas featuring the Magnolia House, an 8-bedroom, 4.5-bath lodge that sleeps up to 18, plus an attached event and gathering space. An additional 5 acres is available for purchase. The main building features soaring ceilings, elegant chandeliers, an industrial-chic design, multiple flexible-use rooms, and spacious gathering areas. Outdoor gathering spaces, mature trees, and peaceful surroundings create a private setting with convenient access to Bryan/College Station, Houston, Austin, Waco, and Dallas/Fort Worth. Ideal for a private estate, retreat center, ministry campus, educational facility, hospitality venture, event venue, or other commercial or residential use. A rare opportunity to own one of Central Texas's most distinctive and versatile properties. Shown by appointment only.
For sale
$2,900,000
1235 Kelley Woods Ln, Franklin, TX 77856
8beds
19,346sqft
Single Family Residence
Built in 2023
15 Acres Lot
$2,638,700 Zestimate®
$150/sqft
$-- HOA
What's special
Outdoor gathering spacesPrivate settingIndustrial-chic designSoaring ceilingsPeaceful surroundingsMultiple flexible-use roomsMature trees
- 41 days |
- 151 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Stephen Eaton TREC #0539000 409-996-9999,
Eaton Real Estate Company,LLC
Source: HAR,MLS#: 39516262
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Utility Room
Kitchen
- Features: Kitchen Island
Heating
- Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Disposal, Microwave, Dishwasher
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- High Ceilings
- Flooring: Carpet, Concrete
Interior area
- Total structure area: 19,346
- Total interior livable area: 19,346 sqft
Property
Features
- Stories: 2
- Patio & porch: Covered, Patio/Deck, Porch
- Fencing: Partial
Lot
- Size: 15 Acres
- Features: Other, 15 Up to 20 Acres
Details
- Parcel number: 000354000104
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Other, Stone
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 2023
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: H F Thornto
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $2,866,117
- Annual tax amount: $38,584
- Date on market: 7/7/2026
- Listing terms: Cash,Conventional
Estimated market value
$2,638,700
$2.48M - $2.77M
$3,003/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Listed for sale | $2,900,000$150/sqft |
Source:  HAR #39516262 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $38,584 -0.7% | $323,913 -86.7% |
| 2024 | $38,852 +52494.4% | $2,429,526 +546.8% |
| 2023 | $74 +9.8% | $375,627 +34.3% |
| 2022 | $67 +20.6% | $279,753 -5% |
| 2021 | $56 +4.5% | $294,587 +15.4% |
| 2020 | $53 +292% | $255,303 +49.7% |
| 2018 | $14 | $170,500 |
| 2017 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 77856
Nearby schools
GreatSchools rating
- 9/10Franklin Middle SchoolGrades: 5-8Distance: 1.9 mi
- 7/10Franklin High SchoolGrades: 9-12Distance: 1.8 mi
- 10/10Roland Reynolds Elementary SchoolGrades: PK-4Distance: 3 mi
Schools provided by the listing agent
- Elementary: Reynolds Elementary School (Franklin)
- Middle: Franklin Middle School
- High: Franklin High School (Franklin)
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
