Selected for the Terner Labs Housing Venture Lab

1474 County Road B, Lexington, TX 78947

Active
Listed 111 days ago
Owner-Occupant Eligible
$1,295,000

About $7,315 a month to live here, after the rent from the other home.

House + ADU1,719 sqft4 beds3 bathsListed Jul 24, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$7,315a month

The second home on the lot rents for $1,138. We hold back $171 of that for repairs and an empty month, and the rest goes toward a $8,282 monthly payment.

Income to qualify: about $221,000 a year

With how much down?

At 20% down ($259,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $169,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$38,850 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Experience the perfect blend of luxury, privacy, and country living on this exceptional 4.26-acre Central Texas estate. Conveniently located just one hour from Austin, 30 minutes from Taylor and Bastrop, and 15 minutes from Elgin, this one of a kind property offers the ideal retreat with easy access to the area's fastest growing communities. The beautifully maintained grounds feature mature trees, lush landscaping, and a saltwater sports pool. Designed for entertaining, the outdoor living space includes a stage, dance floor, outdoor kitchen, wraparound porch, and multiple gathering areas perfect for hosting family and friends. Main home offers 3 bedrooms, 3 bathrooms, an open concept floor plan, a luxurious primary suite with a custom bath, and a versatile upper level with private exterior access - ideal for guests or multigenerational living. Two charming guest cottages, complete with kitchenettes and full baths, provide comfortable accommodations for visitors or excellent income producing potential. This property offers the flexibility to serve as a private residence, weekend retreat, family compound, or investment opportunity. A rare opportunity to own a truly unique property where luxury, recreation, and income potential come together in the heart of Central Texas.

House + ADU

Property Type

185,566 sqft

Lot Size

2011

Year Built

Listing Date: 07/24/2026

Listed by: Shelly Morgan

Listing office: Don Quick & Associates, Inc.

Contact: (512) 825-4255

Source: Unlock MLS #ACT4487215

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,295,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,295,000
Your Down Payment$259,000
Financed$1,036,000
Estimated Monthly Payment$8,282

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($259,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$8,282/month
Principal + Interest
$6,211
Property Taxes
$1,826
Home Insurance
$245
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$171
Cost to live here
$7,315/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

Unlock MLS logo

MLS# ACT4487215 · Listing office: Don Quick & Associates, Inc.

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.