Description
Deep in the heart of Blue, Texas, this strategically located 4.2-acre property offers a versatile opportunity approximately one hour from Austin, 30 minutes to Taylor and Bastrop, and 15 minutes to Elgin. The site is well-suited for a range of uses including short-term rental operations, private events, or a boutique venue concept. The property is improved with a 3,119 SF main residence (3 bed / 3 bath) and two detached guest accommodations, all thoughtfully positioned within a landscaped setting featuring mature grounds, butterfly gardens, and a maintained lawn surrounding a saltwater sports pool. A dedicated outdoor entertainment area includes a stage and dance floor, creating built-in infrastructure for live music, private events, or group gatherings. The main residence features wraparound porches, an outdoor kitchen and dining area, hot tub, and an open-concept interior oriented toward the pool and outdoor space. The primary suite includes a custom marble bath, while additional living space has been created via a converted upper level with bonus room, bedrooms, and bath with separate exterior access—ideal for guest privacy or flexible occupancy. Two guest houses provide additional revenue or hosting capability. The first (approx. 680 SF) includes a loft, kitchenette, full bath, fireplace, and flexible sleeping capacity, with room for expansion. The second (approx. 420 SF) offers a more private setting with kitchenette, full bath, and a dedicated deck area. With existing use as an income-producing Airbnb and infrastructure in place for events or gatherings, the property presents a compelling opportunity for investors or owner-operators seeking a turnkey hospitality, retreat, or event-driven asset in a high-growth Central Texas corridor.
Property Details
| Status | Active |
| MLS # | ACT238766741 |
| Type | Commercial Sale |
| Year Built | 2011 |
| Living Area | 3,119 Sq. Ft. |
| Lot Size | 4.26 AC / 185,565 SF |
| County | Lee |
| Subdivision | Yes |
Property Information
Parking
Utilities & Construction
Directions: From the intersection of Loop 123 and 696 W. drive 1.2 miles and turn left onto FM 696 W. Drive 7.5 miles and turn left onto CR 309. In 1.7 miles, turn left onto CR B and the property will be 1.1 miles on your right with a Bexley Land and Cattle sign on the gate.
Location
Property History
| Date | Event | Price |
|---|---|---|
| Aug 13, 2026 | Listed (Active) · MLS# ACT238766741 | $1,295,000 |
| — | Original List Price | $1,305,000 |
Full transaction history may not be available. Data sourced from ACTRIS MLS.
Public Records
| Total Sq. Ft. | 3,119 |
| Lot Size | 185,565 Sq. Ft. |
| Style | Commercial Sale |
| County | LEE |
| MLS # | ACT238766741 |
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Payment Estimate
For illustrative purposes only. Contact a lender for accurate figures.