Active

$1,600,000

205 Montrose Dr, Liberty Hill, TX 78642

20beds

8,240sqft

$11,024/mo

Get pre-qualified

Single Family Residence

Built in 2023

10.15 Acres Lot

$-- Zestimate^®

$194/sqft

$-- HOA

What's special

An Exceptional Investment Opportunity! 10 Acres | 6 Homes | Immediate Income | Unlimited Potential This is the kind of opportunity that rarely comes to market. Set on a generous 10-acre parcel, this established income-producing property features six single-family residences — five currently generating consistent rental income, with the sixth serving as the owner's private residence. With a current CAP rate of approximately 5.5-6.5%, this is a performing asset from day one. But the real story is the land. Ten acres in this market represents far more than what's currently on it. Whether you're an investor looking for steady cash flow, a developer with a vision for what comes next, or a buyer ready to live on site while your investment works for you — this property meets you exactly where you are.

120 days

175

8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 20
Bathrooms: 12
Full bathrooms: 12
Main level bedrooms: 20

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Cooktop, Electric Water Heater, Microwave, Range

Features

Ceiling Fan(s), Primary Bedroom on Main
Flooring: Carpet
Windows: Blinds, Screens

Interior area

Total interior livable area: 8,240 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Detached, Open, Unpaved
Garage spaces: 1

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Covered, Deck, Patio
Exterior features: Balcony
Pool features: None
Fencing: Partial
Has view: Yes
View description: Hill Country, Rural, Trees/Woods
Waterfront features: None

Lot

Size: 10.15 Acres
Features: Level

Details

Additional structures: Mobile Home, Workshop
Has additional parcels: Yes
Parcel number: R15092000000002A
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Slab
Roof: Composition

Condition

Resale
New construction: No
Year built: 2023

Details

Builder name: OWNER

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Electricity Connected, Water Connected

Community & HOA

Community

Features: None
Subdivision: JOSEPH, B. SUR.

HOA

Has HOA: No

Location

Region: Liberty Hill

Financial & listing details

Price per square foot: $194/sqft
Tax assessed value: $74,116
Annual tax amount: $6,204
Date on market: 4/22/2026
Listing terms: Cash,Conventional,FHA,FMHA (Fannie Mae),Owner May Carry
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/22/2026	Listed for sale	$1,600,000$194/sqft
Source: Unlock MLS #6432790 Report a problem
8/1/2025	Listing removed	$1,600,000$194/sqft
Source: LERA MLS #1865613 Report a problem
5/10/2025	Listed for sale	$1,600,000+14.3%$194/sqft
Source: LERA MLS #1865613 Report a problem
4/27/2024	Listing removed	--
Source: Unlock MLS #8068112 Report a problem
6/16/2023	Price change	$1,400,000-6.7%$170/sqft
Source: Unlock MLS #8068112 Report a problem
3/22/2023	Listed for sale	$1,500,000-6.3%$182/sqft
Source: Unlock MLS #8068112 Report a problem
12/1/2022	Listing removed	--
Source: Unlock MLS #7261335 Report a problem
8/8/2022	Price change	$1,600,000-8.6%$194/sqft
Source: Unlock MLS #7261335 Report a problem
6/11/2022	Listed for sale	$1,750,000+120.1%$212/sqft
Source: Unlock MLS #7261335 Report a problem
1/13/2021	Listing removed	--
Source: Unlock MLS Report a problem
11/25/2020	Listed for sale	$795,000$96/sqft
Source: Northwest Horizon Properties #2296931 Report a problem