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325 Grassy Way, 
Elm Mott, TX 76640

$549,000


4

Beds


3

Baths


1,798

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Aaron Jistel

Listing Spark

Last updated:

July 23, 2025, 11:46 AM

MLS#

20990819

Source:

GDAR

About This Home

325 Grassy Way

Income-Producing Ranch Retreat on 3.5 Acres, 325 & 321 Grassy Way, Elm Mott, TX This beautifully updated ranch-style home and guest house offer the perfect blend of comfort, privacy, and built-in rental income. Together, both homes generate approximately $4,600 per month, making this an ideal investment for those seeking a move-in ready property that pays for itself. Fully remodeled and expanded four years ago, the main home at 325 Grassy Way features granite countertops throughout, durable plank flooring, spray-foam insulation, energy-efficient windows, and a new HVAC system with gas heating. The spacious master suite includes a granite walk-in shower, and a laundry room with a utility sink adds everyday convenience. The detached guest house at 321 Grassy Way offers 800 sq. ft. of beautifully finished space, including one bedroom downstairs, a loft bedroom upstairs, a full bath with walk-in shower, laundry nook, and a full kitchen with granite countertops and barn wood accents. A vaulted timber-framed entry and ductless mini-split system create a cozy, efficient retreat. This unit is ideal for Airbnb or long-term rental, with its own address, separate utilities, and a 50-amp RV hookup. It can also be sold fully furnished for a turnkey setup. Set on 3.5 acres, the largest lot in the subdivision, this property features mature oak groves, a year-round pond, full fencing, a custom gate, chicken coop and play set. Tucked at the end of a cul-de-sac, just 2 miles from I-35 and 15 minutes from Waco, this property combines peaceful country living with the convenience of nearby amenities. Whether you're an investor or an owner-occupant looking to offset your mortgage, 321 & 325 Grassy Way deliver immediate income and long-term value.

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1983

Price Summary

549,000

$305 per Sq. Ft.

MLS #:

20990819

Last Updated:

July 23, 2025, 11:46 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,798 Sq. Ft.


Structure

Structure

Building Area:

1,798 Sq. Ft.

Year Built:

1983


Lot

Lot Size (Sq. Ft):

155,727


Finances & Disclosures

Finances

Price:

$549,000

Price per Sq. Ft:

$305 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated July 23, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Realty.

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