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Lot/land
  • $1,540,000

    1355 N Houston St, Lorena, TX 76655

    --beds
    --baths
    77.08Acres
    Improved Land
    Built in 1951
    77.08 Acres Lot
    $1,153,500 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Welcome to 1355 North Houston in Lorena—where wide open skies meet 77 pristine acres of rolling green pastures, centered around a breathtaking 17-acre lake. Whether you’re envisioning a sprawling single-family estate, a thoughtfully planned residential development, or a private retreat for outdoor recreation, this property delivers the setting and the potential. The lake, created with a water retention berm and now supported by a newly installed overflow pipe, dramatically reduces the need for a floodplain designation—making development and long-term planning easier. Picture horses grazing in the distance, birds sweeping across the water, and sunsets that make every evening feel like a painting. A gated private entrance guides you past a charming former milk barn, now transformed into a rustic cabin full of character. Currently enjoyed as a recreational haven for hunting and fishing—the lake is fully stocked with bass—this property is clean, cleared, and ready to bring your dream to life. **Highlights:** * 77 acres of gently rolling pasture * 17-acre private lake with flood mitigation infrastructure * Rustic cabin with original milk barn charm * Gated entrance with private drive * Ideal for residential development, family compound, equestrian estate, or recreational retreat * Minutes from I-35, with easy access to Waco, Lorena, and the growing Central Texas corridor **Alternate Uses to Consider:** * A luxury ranch-style wedding venue or event space * An agri-tourism site with horseback riding, glamping, or seasonal retreats * A conservation-minded community with trails, shared lake access, and eco-homes * A boutique vineyard or wildflower farm centered around the scenic lake Whether you’re looking to build a legacy home or craft a unique development, 1355 North Houston offers the land, location, and lifestyle canvas to do something truly special.
    434 days
    |
    101
    |
    4
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    Zillow last checked:

    Listing updated:

    Listed by:

    Cristi McGowan 0598401,

    NextHome Our Town 254-855-9500

    Source: NTREIS,MLS#: 20925963

      Facts & features

      Interior

      Video & virtual tour

      Property

      Features
      • Fencing: Barbed Wire,Chain Link,Perimeter,Partial,Wood
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Waterfront features: Lake Front, Waterfront
      Lot
      • Size: 77.08 Acres
      • Features: Acreage, Back Yard, Cleared, Hardwood Trees, Irregular Lot, Lawn, Pasture, Pond on Lot, Rolling Slope, Many Trees, Waterfront
      • Topography: Hill
      • Residential vegetation: Cleared, Grassed, Partially Wooded
      Details
      • Parcel number: 300815000089000
      • Zoning description: M - R3

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: Stewart J
      HOA
      • Has HOA: No
      Location
      • Region: Lorena

      Financial & listing details

      • Tax assessed value: $560,350
      • Annual tax amount: $1,727
      • Date on market: 5/5/2025
      • Cumulative days on market: 435 days
      • Listing terms: Cash,Conventional,1031 Exchange

        Estimated market value

        $1,153,500

        $911,000 - $1.49M

        $1,335/mo

        Price history

        DateEventPrice
        5/5/2025Listed for sale$1,540,000-18.9%
        Source: NTREIS #20925963 Report a problem
        4/3/2023Listing removed--
        Source: WMLS #208846 Report a problem
        8/5/2022Price change$1,900,000-17.4%
        Source: WMLS #208846 Report a problem
        6/17/2022Listed for sale$2,300,000+369.9%
        Source: WMLS #208846 Report a problem
        8/5/2019Sold--
        Source: Central Texas MLS #383390 Report a problem
        6/27/2019Price change$489,500-1.8%
        Source: Keller Williams Advantage #190305 Report a problem
        4/1/2019Price change$498,500+1.8%
        Source: Keller Williams Advantage #190305 Report a problem
        3/14/2019Listed for sale$489,500-15.6%
        Source: Keller Williams Advantage #190305 Report a problem
        9/1/2017Listing removed$580,000
        Source: Magnolia Realty #169481 Report a problem
        5/8/2017Price change$580,000-10.8%
        Source: Magnolia Realty #169481 Report a problem
        2/4/2016Listed for sale$650,000
        Source: Keller Williams - Waco #1031 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,697 -1.8%$560,350 -1.3%
        2024$1,727 $567,960 +3.2%
        2023-- $550,530 +11.1%
        2022$1,580 +27%$495,480 +18.4%
        2021$1,244 $418,640 +2.7%
        2020-- $407,790 +6.1%
        2019$1,308 $384,440 +536.8%
        2018$1,308 +3.6%$60,370 +5.6%
        2017$1,263 +22.4%$57,160 +167%
        2016$1,032 $21,410
        2015$1,032 $21,410
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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: 76655

        Getting around

        8 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lorena
        • Middle: Lorena
        • High: Lorena
        • District: Lorena ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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