0 Mile 1 E Mercedes, TX 78570
Estimated payment $8,311/month
About This Lot
This 50.05 acre tract is located south of I-2 on the east side of Mile 1 East, and adjacent to Hwy 83 parallel to Iron Horse Railroad. The site is ideal for a mixed-use development. While it is not inside the city limits at this time, it will likely be annexed on development. At an average of 4 lots to the acre, the site can support 180 or more single-family home sites with land for multi-family and commercial uses too. Drone video embedded in the marketing flyer shows land in relation to Mile1 East and Hwy 83 and Railroad.
Property Details
Property Type
- Land
Est. Annual Taxes
- $323
Lot Details
- 50.05 Acre Lot
- Irregular Lot
Schools
- Travis Elementary School
- Mercedes Junior High
- Mercedes High School
Community Details
- No Home Owners Association
- Capisallo Subdivision
Listing and Financial Details
- Assessor Parcel Number C140000041000400
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Price Changed | $450,000 | -70.0% | -- |
| 04/17/2025 04/17/25 | Price Changed | $1,500,000 | +206.1% | -- |
| 01/14/2025 01/14/25 | For Sale | $490,000 | -80.4% | -- |
| 06/23/2024 06/23/24 | Price Changed | $2,502,500 | -19.4% | -- |
| 06/10/2024 06/10/24 | Price Changed | $3,103,100 | -0.8% | -- |
| 07/22/2023 07/22/23 | Price Changed | $3,128,125 | -18.8% | -- |
| 02/23/2023 02/23/23 | For Sale | $3,850,000 | +1690.7% | -- |
| 10/03/2022 10/03/22 | Sold | -- | -- | -- |
| 08/24/2022 08/24/22 | Pending | -- | -- | -- |
| 10/22/2021 10/22/21 | For Sale | $215,000 | -- | $134 / Sq Ft |
Source: Greater McAllen Association of REALTORS®
MLS Number: 398958
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.
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