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For sale
    • $2,950,000

    199 Lexington Dr, Fredericksburg, TX 78624

    --beds
    --baths
    784sqft
    : 
    $20,246/mo
    Get pre-qualified
    Farm/Ranch
    Built in 1931
    151.37 Acres Lot
    $2,637,300 Zestimate®
    $3,763/sqft
    $-- HOA

    What's special

    Beautiful river bottomSeveral historic barnsIncredible viewsSmokehouse with cellar
    Over 1000' of Pedernales River offering deep holes of water for fishing. Beautiful river bottom consisting of numerous Pecan, Cedar Elms and Oak trees. Incredible views from a turn of a century homestead with a 3 Br/ 1 Ba rock home, built in 1931, smokehouse with cellar and several historic barns. Paved Rd access, ag exempt for low property taxes. Tremendous hunting - Whitetail, Axis and Turkey. Located just 15 minutes from Fbg. This ranch would make an ideal recreational retreat or place to call home.
    195 days
    |
    144
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Frantzen,

    eXp Realty LLC / Absolute Charm Real Estate Group

    Source: KVMLS,MLS#: 121368

      Facts & features

      Interior

      Interior area
      • Total structure area: 784
      • Total interior livable area: 784 sqft
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Fencing: Perimeter
      • Has view: Yes
      • Waterfront features: River Access
      Lot
      • Size: 151.37 Acres
      • Features: Ag Exempt, Views, Hunting Permitted
      • Topography: Gently Rolling
      Details
      • Additional structures: Barn(s), Residence, Smoke House
      • Parcel number: 38120
      • Zoning: Not zoned
      • Other equipment: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm/Ranch
      Materials
      • Rock Veneer
      Condition
      • Year built: 1931

      Utilities & green energy

      • Sewer: None
      • Water: Well
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Fredericksburg

      Financial & listing details

      • Price per square foot: $3,763/sqft
      • Tax assessed value: $71,560
      • Annual tax amount: $673
      • Date on market: 1/29/2026
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes
      • Road surface type: Asphalt, Chip And Seal

        Estimated market value

        $2,637,300

        $2.48M - $2.80M

        $1,605/mo

        Price history

        DateEventPrice
        4/17/2026Price change$2,950,000-11.4%$3,763/sqft
        Source: CHCBOR #104293 Report a problem
        1/3/2026Listed for sale$3,330,140$4,248/sqft
        Source: CHCBOR #99391 Report a problem
        1/1/2026Listing removed$3,330,140$4,248/sqft
        Source: CHCBOR #97647 Report a problem
        11/3/2025Price change$3,330,140-15.7%$4,248/sqft
        Source: CHCBOR #97647 Report a problem
        5/7/2025Listed for sale$3,950,000$5,038/sqft
        Source: CHCBOR #97647 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$673 -5.9%$71,560 -5.9%
        2024$715 -1.4%$76,070
        2023$725 -13.9%$76,070 +7.7%
        2022$843 +10.7%$70,660 +14.7%
        2021$761 $61,630 +22.5%
        2020-- $50,330 +13.4%
        2018$599 $44,370 +7.2%
        2017-- $41,380 +6.2%
        2016-- $38,980 +2.1%
        2015-- $38,180 +7.3%
        2014-- $35,590
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: 78624

        Getting around

        0 / 100
        Car-Dependent
        5 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Fredericksburg

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

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