3315 Fm 523 Rd Freeport, TX 77541
Estimated payment $6,958/month
Highlights
- Horse Property
- Gated Community
- Bike Room
- Fitness Center
- 8.88 Acre Lot
- Porch
About This Home
Presenting an exceptional opportunity to acquire a distinctive commercial property sprawling across nearly 9 acres, featuring six versatile buildings, a covered basketball court, and equipped with fencing and a paddock for horses. This expansive estate is a blank canvas, ripe for future development and ideal for a variety of business ventures or community-focused initiatives. 1) Residence 1: This impressive 3,000 square foot brick veneer structure boasts a pitched metal roof and offers three bedrooms alongside three convenient half bathrooms. The interior includes a spacious living area and a stylish paneled study, enhancing its appeal for both residential and commercial use. A well-appointed commercial kitchen and a storage area at the rear make it an excellent choice for hosting events or gatherings. The residence features durable ceramic tile flooring, eight-foot ceilings, and is equipped with central heating and cooling. Additional highlights include a sprinkler system and a backup generator, ensuring peace of mind for any use of the property. 2) Residence 2: Recently remodeled, this 2,524 square foot brick veneer residence exudes modern charm and practicality. It offers four bedrooms and three full bathrooms, complemented by a welcoming living area and an elegant dining room. Finished with ceramic tile flooring and painted textured sheetrock, this space is designed for comfort. The entire building is equipped with fire sprinklers, enhancing its safety and versatility. 3) Residence 3: This adaptable 2,812 square foot residence is partitioned into 5 living suites, each thoughtfully designed with 1 Bed, 1 bath and laminate countertops. A central laundry room with an extra sink adds to the convenience. Complete with eight-foot ceilings and a backup generator, this space is perfect for group accommodation or short-term rentals, catering to a variety of needs. 4) Residence 4: Another expansive offering, this 2,798 square foot dwelling features 6 bedrooms and 4 full bathrooms, including three ensuite options. A full modern kitchen connects to the living area, which showcases ceramic tile flooring. The eight-foot ceilings, textured sheetrock, central air conditioning, and heating systems add to its comfort. Fire sprinklers and a backup generator further enhance the safety and reliability of this residence. 5) Schoolhouse: This unique stucco over concrete block structure has approximately 40% of its area dedicated to storage with impressive 14+ foot ceilings. The remaining space is finished and partitioned with 2 class rooms, including two bathrooms equipped with showers. This versatile area is ideal for educational programs, group activities, or retreats. Durable vinyl flooring and a backup generator make it a practical choice for various uses. 6) Barn/Warehouse: The 1,530 square foot barn/warehouse offers practical space featuring concrete floors and two roll-up doors, suitable for storage, operations, or various business needs. INVESTMENT HIGHLIGHTS: This property embodies immense potential, making it perfect for a youth camp, church retreat, short-term housing, or other innovative uses. Each building is equipped to cater to diverse needs, ensuring adaptability for various community programs or commercial enterprises. The property's blend of spacious grounds and versatile structures offers a unique investment opportunity not to be missed. Don't miss your chance to invest in a property with significant growth potential and the capacity to make a lasting impact on the community. Explore the possibilities today! Now Sold as is.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,354
Year Built
- Built in 1969 | Remodeled in 2022
Lot Details
- 8.88 Acre Lot
- Fenced
- Landscaped with Trees
Home Design
- Brick Exterior Construction
- Metal Roof
- Masonry Siding
- Stucco
Interior Spaces
- 14,670 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Laundry in unit
Home Security
- Fire Sprinkler System
- Fire Escape
Outdoor Features
- Horse Property
- Porch
Utilities
- Central Air
- Hot Water Heating System
Community Details
Amenities
- Laundry Facilities
- Bike Room
- Community Storage Space
Recreation
- Fitness Center
Additional Features
- A0021 S F Austin Subdivision
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $20,354 | $1,137,510 | $165,370 | $972,140 |
| 2022 | $17,212 | $824,690 | $92,460 | $732,230 |
| 2021 | $17,810 | $799,230 | $92,460 | $706,770 |
| 2020 | $18,620 | $803,030 | $92,460 | $710,570 |
| 2019 | $19,318 | $816,870 | $92,460 | $724,410 |
| 2018 | $21,576 | $888,740 | $92,460 | $796,280 |
| 2017 | $21,701 | $891,900 | $92,460 | $799,440 |
| 2016 | $19,231 | $790,380 | $92,460 | $697,920 |
| 2014 | -- | $640,340 | $92,460 | $547,880 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Price Changed | $950,000 | -5.0% | $65 / Sq Ft |
| 04/29/2025 04/29/25 | Price Changed | $1,000,000 | -22.5% | $68 / Sq Ft |
| 11/18/2024 11/18/24 | Price Changed | $1,290,000 | -10.3% | $88 / Sq Ft |
| 08/19/2024 08/19/24 | For Sale | $1,437,500 | -- | $98 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Stewart Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $866,000 | New Conventional | |
| Previous Owner | $400,000 | Construction |
Source: My State MLS
MLS Number: 11334097
APN: 0021-0028-000
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