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$3,600,000
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Property Description
BUILD-TO-RENT DEVELOPMENT OPPORTUNITY | JARRELL, TEXAS | FM 487 Exceptional build-to-rent development opportunity along FM 487, immediately adjacent to Jarrell Middle School in rapidly growing Williamson County. Positioned within the Austin metropolitan growth corridor, the property offers strong residential development potential supported by population growth, housing demand, regional connectivity, and access to major employment centers. Jarrell is strategically located along the I-35 corridor, approximately 15 minutes north of Georgetown, 25-30 minutes from Round Rock, and 30-40 minutes from North Austin. FM 487 frontage and convenient I-35 access provide connectivity to Austin, Georgetown, Round Rock, Temple, and surrounding Central Texas communities. BTR HIGHLIGHTS "¢ Adjacent to Jarrell Middle School "¢ FM 487 frontage "¢ Convenient I-35 access "¢ Proximity to Georgetown, Round Rock & Austin "¢ Significant surrounding residential growth "¢ Growing population and housing demand "¢ Family-oriented location "¢ Potential for a professionally managed rental community "¢ Located within Austin's northward growth corridor A conceptual site plan illustrates potential for a purpose-built rental community featuring residential units, internal circulation, parking, landscaping, and amenity areas. Jarrell's relative affordability, development capacity, and I-35 location provide investors an opportunity to participate in Central Texas growth at a potentially attractive land basis compared with established communities closer to Austin. DEVELOPMENT Conceptual development plan is for preliminary marketing and investment evaluation only and does not represent approved plans. Buyer and Buyer's representatives should independently verify zoning, entitlements, utilities, water/wastewater, drainage, access, regulations, schools, acreage, dimensions, density, feasibility, and all other information with appropriate authorities and qualified professionals.
Full Property Details
Full Property Details for 1951 FM487
General
- Price: $3,600,000
- Taxes: (2026)
- Status: Active
- Type: Farm
- Source: Austin_MLS
- MLS ID: 9832304
- Updated: 9/24/2026
- Added to Site: 34 day(s) ago
Location
- Area: JA
- County: Williamson
- Subdivision: Smith, B. Survey
- Driving Directions: From I-35 in Jarrell, take the FM 487 exit and head west on FM 487. Continue west on FM 487 toward Jarrell Middle School. Property is located at 1951 FM 487, adjacent to Jarrell Middle School. Look for property/signage along FM 487.
School Information
- Elem School District: Jarrell ISD
- Midd School District: Jarrell ISD
- High School District: Jarrell ISD
- Elementary School: Jarrell
- Middle School: Jarrell
- High School: Jarrell
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 30
- Lot Size (Sq. Ft.): 1,306,800
- Lot Features: See Remarks
- Fencing (Description): None
Financial Considerations
- Assessment Amount: $20,348,521
- Tax Year: 2026
- Terms: Cash
Disclosures and Reports
- Special Conditions: Standard
- Multiple Parcels: Yes
- Legal Description: 30.00 ACRES OUT OF THE B. SMITH SURVEY, ABSTRACT 581, WILLIAMSON COUNTY, TEXAS
- Disclosures/Reports: None
- Property ID: R011453
Listed by MODUS Real Estate
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Schools
Schools serving 1951 FM487
School District:Jarrell Independent School District
| Name | Grades | Distance |
|---|---|---|
Jarrell Middle School 101 East Avenue F, Jarrell, TX 76537 | 6-8 | 1.8 mi |
Jarrell High School 1100 W Fm 487, Jarrell, TX 76537 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1951 FM487
Date
Details
Price
Change
Source
9/03/2026
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1951 FM487
Want to learn more about 1951 Fm-487? Do you have questions about finding other Farm real estate for sale in Jarrell? You can browse all Jarrell real estate or contact a Coldwell Banker agent to request more information.

