$2,850,000

Estimated payment $17,527/month

Total Views 3,331
3.54 Acres
$805,085 Price per Acre
154,202 Sq Ft Lot

Highlights

  • Popular Property
  • Creek On Lot
  • Walk-In Closet
  • Waterfront
  • Wood Flooring
  • Central Heating and Cooling System

About This Lot

An icon of Waco, this distinctive, architecturally significant property affords an uncommon opportunity to acquire Waco's most iconic estate home. ~~~ Reimagined, restored, enhanced, and remodeled by the The Alford Company, this stately home now benefits from updated services, modern finishes, luxury Monogram appliances, a new, covered patio, and the addition of a fourth bathroom in the main home! ~~~ Revered for its prime location in Central Wacos acclaimed Hillcrest area, the last of its kind, this estate property boasts a 3.54 acre lot in the heart of the city thats as enchanting as it is private. Old growth trees, walled, garden patios, and abundant wildlife catch the imagination and transport residents to a private retreat, devoid of urban concerns; yet doing so without leaving any amenity, shopping, restaurants, schools, and attractions which are still just a few minutes away. There truly is nothing like this propertys setting. ~~~ Constructed in 1957, the 5,153 square foot main home showcases a floorplan which is thoughtful, practical, and lends perfectly to both entertaining and quiet sequestration. Generously sized rooms impress immediately upon entry in the homes foyer which could double as a salon. Flanked by formal living and dining rooms, floor to ceiling windows and abundant light wash over beautiful, original fireplaces and natural wood floors. An easily accessible powder room is tucked behind the foyer where the homes grand fireplace and central parlor beckon for cozy conversation and casual, fireside rest. ~~~ Flanking the parlor, a wonderfully spacious kitchen (especially for this era) overlooks the primary patio with glimpses across the grounds, formal dining room, and into the parlor. Here, modern appliances and a generous sitting room boasting a "kitchen couch" leave nothing to be desired. Adjacent the kitchen, a butler's pantry, coffee bar, and well appointed laundry room ensure that everything has it's place and can be tucked away in a jiffy! Back through the parlor, also adjacent to the primary patio, a family room can be neatly shut off from the remainder of the home, making evening parties and sporting events as raucous or serene as required for the homes other residents. With a room length bar, patio access, and wonderful views of the grounds, this is an exceptional space, which transitions room between the homes interior and garden areas. ~~~ Last on the ground floor, but certainly not least, the sprawling primary suite offers palatial space, super views, ample storage, modern bathroom fixtures, an entirely new layout, spa-like shower, and loads of practicality; all without compromise. You simply will not find another suite this spacious or with so many possibilities anywhere in old Waco. ~~~ Upstairs, two bedrooms, two bathrooms, and a sitting area (or additional office) with an attached patio afford numerous unique, exceptionally exciting possibilities. Well suited to families, guests, or even quiet space away from the main home (necessary when two parties both work from home), the upstairs can be sequestered and left alone until needed or used as part of the day to day within the home. ~~~ Complimenting the main home, a 672 square foot guest home, complete with kitchenette, living room, private bedroom and ensuite bath all underwent a renovation as well thus ensuring that updates were comprehensive across the property. This space allows for private, separate guest accommodation thats perfect for long-term family, short-term income options, or even a caretaker for the grounds. ~~~ Another unique amenity, the smokehouse, was originally built and conceived to host garden parties. Tucked at the back corner of the winding patios, this allows convenient access for waitstaff and guests alike, all while keeping the homes main kitchen free of culinary duties in the event of a soiree. In addition to the smoke house, a green house, impressive storage building, and even a storm shelter add to whats surely already the most remarkable list of enhancements for any historical, Central Texas property. ~~~ To view this architecturally significant home in person, please call or text Matthew (254.644.4095) directly. When you do, be sure to ask how working exclusively with Matthew can save you as much as $50,000 when you acquire Waco's most iconic estate. ~~~ Distinctive, notable, and impressive; this one of a only a handful of Waco landmark properties. This home must be seen to be appreciated. Call or text Matthew today!

Matthew McLeod

Listed on: 07/25/2025

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,077

Lot Details

  • Waterfront
  • Wood Fence
  • Chain Link Fence
  • Brick Fence
  • Current uses include residential multi-family

Interior Spaces

  • Wood Burning Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • Walk-In Closet
  • Split Vanities
  • Separate Shower

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

Amenities

  • Laundry Facilities

Recreation

  • Creek On Lot

Property Details

Property Type

Land

Est. Annual Taxes

$21,077

Lot Details

0

Listing Details

  • Office Phone: 254-736-6916
  • Listing Website: https://www.land.com/property/2825-lake-air-drive-waco-texas-76710/24255456/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Floor Material: Wood Floor
  • Sprinklers: No
  • Interior Features: Separate Shower, Separate Vanities, Walk-in Closets
  • Fireplace Type: Wood Burning

Exterior Features

  • Waterfront: True
  • Fencing: Brick, Chain Link, Wood

Utilities

  • Cooling: Central Air-Elec, Central Air-Gas
  • Heating Fuel: Central Heat-Gas
  • Heating: Central Heat- Elec, Central Heat-Gas

Condo/Co-op/Association

  • Amenities: Laundry

Lot Info

  • Current Use: Residential Multi-Family
  • Lot Description: Creek

Multi Family

  • Utilities Available: City Sewer

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,077 $934,400 $173,070 $761,330
2023 $20,082 $895,760 $173,070 $722,690
2022 $18,682 $742,160 $101,890 $640,270
2021 $18,371 $690,980 $93,370 $597,610
2020 $19,675 $725,550 $88,040 $637,510
2019 $19,422 $690,370 $84,260 $606,110
2018 $18,692 $657,720 $79,820 $577,900
2017 $17,153 $601,770 $76,790 $524,980
2016 $15,800 $554,300 $75,050 $479,250
2015 $8,129 $548,620 $73,310 $475,310
2014 $8,129 $575,250 $76,740 $498,510
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $2,850,000 +186.4% $553 / Sq Ft
03/01/2024 03/01/24 Sold -- -- --
01/20/2024 01/20/24 Pending -- -- --
05/06/2022 05/06/22 Sold -- -- --
05/06/2022 05/06/22 Sold -- -- --
04/25/2022 04/25/22 Pending -- -- --
03/23/2022 03/23/22 Pending -- -- --
01/21/2022 01/21/22 Price Changed $995,000 -16.7% $176 / Sq Ft
11/29/2021 11/29/21 Price Changed $1,195,000 -14.3% $211 / Sq Ft
08/23/2021 08/23/21 For Sale $1,395,000 -- $247 / Sq Ft

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed Of Distribution -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,600,000 No Value Available
Closed $1,600,000 Construction
Source: Public Records