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301 Avenue I, 
Valley Mills, TX 76689

$1,650,000


4

Beds


3

Baths


3,205

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Trevor Caswell

Keller Williams Realty, Waco

Last updated:

May 13, 2025, 12:10 AM

MLS#

20918286

Source:

GDAR

About This Home

301 Avenue I

A truly singular estate, that offers not only timeless beauty and unmatched privacy, but also a compelling investment opportunity with multiple income-producing residences already in place. Whether envisioned as a personal sanctuary or a legacy property with built-in cash flow, this residence provides an extraordinary backdrop for opportunity. The main house spans 3,200 square feet with four bedrooms and three bathrooms, blending historic character with thoughtful updates. The primary suite features heated bathroom floors, a soaking tub, and a custom arched tile shower that adds a spa-like feel. In the kitchen, white oak cabinetry, upgraded appliances, 48 inch range, and abundant natural light create a warm, functional space; framed by views of the surrounding hill country. Tucked into the trees are three custom-built tiny homes, each private and thoughtfully designed. These established short-term rentals perform well above market, offering consistent returns and future upside. With strong rental history and room to expand, the potential here is significant. The 10+ acre property includes mature oaks, native wildflowers, and open space for additional development; be it more cabins, shared amenities, or personal use. Additional features include an RV hookup, a barn, three storage sheds, a greenhouse, and a fenced irrigated garden. Outdoor living is central to the property’s charm, with a wraparound porch, a spacious back deck, and a fire pit ideal for enjoying peaceful evenings. Whether you're seeking a quiet family escape, a high-end rental retreat, or a long-term investment with character and flexibility, this property offers a rare opportunity to own something truly special.

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1896

Price Summary

1,650,000

$514 per Sq. Ft.

MLS #:

20918286

Last Updated:

May 13, 2025, 12:10 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,205 Sq. Ft.


Structure

Structure

Building Area:

3,205 Sq. Ft.

Year Built:

1896


Lot

Lot Size (Sq. Ft):

467,355


Finances & Disclosures

Finances

Price:

$1,650,000

Price per Sq. Ft:

$514 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated May 13, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Regional Realty.

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Contact an Agent

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.