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For sale
  • $3,596,000

    5784 County Road 123, Iola, TX 77861

    --beds
    0baths
    --sqft
    : 
    $24,574/mo
    Get pre-qualified
    Farm
    Built in 1947
    216.5 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Scattered treesRural settingOpen pasturelandExtensive road frontage
    Exceptional tract located in the rapidly growing Grimes County. Situated in a rural setting while surrounded by increasing residential and commercial development, this property offers outstanding potential for investors, developers, ranchers, or those seeking a large private estate. Featuring extensive road frontage, open pastureland, and scattered trees, the property provides multiple possibilities for future subdivision, residential development, agricultural use, recreational enjoyment, or a long-term land investment. The area’s continued growth and close proximity make this a rare opportunity to acquire a substantial acreage in an emerging market. Utilities are in place, further enhancing development potential. Mineral rights are available and providing value and investment appeal. Whether you’re looking to develop, hold for appreciation, create a family ranch, or establish a private retreat, this property offers endless possibilities in one of the region’s up-and-coming locations.
    48 days
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    85
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kristen Serrato TREC #0767472 832-390-8203,

    JLA Realty

    Source: HAR,MLS#: 72381661MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Propane
      Cooling
      • Attic Fan, None, Window Unit(s)

      Property

      Parking
      • Parking features: Driveway Gate, No Garage
      Lot
      • Size: 216.5 Acres
      • Features: Cleared, Wooded, 50 or more Acres
      Details
      • Additional parcels included: R19191
      • Parcel number: R15998

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm
      Condition
      • New construction: No
      • Year built: 1947

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: H Carhart
      Location
      • Region: Iola

      Financial & listing details

      • Tax assessed value: $213,770
      • Annual tax amount: $242
      • Date on market: 6/5/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Gravel, Other

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,135/mo

        Price history

        DateEventPrice
        6/5/2026Listed for sale$3,596,000+565.9%
        Source: HAR #72381661 Report a problem
        1/15/2026Listing removed$540,000
        Source: HAR #16726747 Report a problem
        8/11/2025Listed for sale$540,000
        Source: HAR #16726747 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$270 +0.7%$20,850 +2.9%
        2024$268 -1.3%$20,270 +1.5%
        2023$271 -4.3%$19,970 +5.4%
        2022$283 $18,950 +4.4%
        2021-- $18,150
        2020-- $18,150 -85.2%
        2019-- $123,050 +7%
        2018-- $114,950 +10.1%
        2017-- $104,420 +8.4%
        2016-- $96,320
        2015-- $96,320
        2014-- --
        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.
        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: 77861

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Iola Elementary School
        • Middle: Iola High School
        • High: Iola High School

        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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