For sale

$2,950,000

199 Lexington Dr, Fredericksburg, TX 78624

--beds

--baths

784sqft

$20,246/mo

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Farm/Ranch

Built in 1931

151.37 Acres Lot

$2,695,700 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.

192 days

153

12

Facts & features

Interior

Interior area

Total structure area: 784
Total interior livable area: 784 sqft

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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

$2,695,700

$2.56M - $2.83M

$1,627/mo

Price history

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

Public tax history

Year	Property taxes	Tax 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

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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