Date
Details
Price
Change
Source
6/30/2026
Listed
$175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$175,000 Just Listed
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Property Description
Welcome to the gated community of Fedor Estates, one of Lexington's most desirable and well-established rural subdivisions. Known for its quiet rural setting and spacious homesites, the community offers a blend of privacy, natural beauty, and convenient access to town amenities. This particular property is ideally positioned near the front of the subdivision for easy entry and exit, while still providing approximately 4 acres of mixed, mature trees that create a peaceful, secluded atmosphere. Fedor Estates is appreciated for its large lots, custom homes, and relaxed country living, where residents enjoy space between neighbors, abundant wildlife, and a slower pace of life while remaining just a short drive from the heart of Lexington.
Full Property Details
Full Property Details for 1016 Private Rd 7040
General
- Price: $175,000
- Taxes: (2026)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 3368224
- Updated: 6/30/2026
- Added to Site: 3 day(s) ago
Additional Information
- Shared Amenities: None
Location
- Area: LC
- County: Lee
- Subdivision: Fedor Estates
- Driving Directions: From Lexington: Head west on FM 1624 for approximately 8 miles, then turn left onto Private Road 7037. This is a gated community, and a gate code will be required for entry. After entering, continue for about 0.4 miles and turn left onto PR 7040. Please note that the community does not allow signage on properties. The destination is located two lots to the left of the house on PR 7040.
School Information
- Elem School District: Lexington ISD
- Midd School District: Lexington ISD
- High School District: Lexington ISD
- Elementary School: Lexington
- Middle School: Lexington
- High School: Lexington
Utilities
- Sewer: See Remarks
- Water: See Remarks
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: None
Lot Features
- Property View: Panoramic, Pasture, Rural, Trees/Woods
- Lot Size (Acres): 4.17
- Lot Size (Sq. Ft.): 181,645.2
- Fence: Yes
- Topography: Rolling
- Lot Features: Agricultural, Gentle Sloping, Landscaped, Level, Moderate Trees, Open Lot, Many Trees, Few Trees, Trees Large Size, Trees Medium Size, Trees Small Size, Views, Rolling Slope
- Fencing (Description): Partial
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Pasture
Financial Considerations
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Legal Description: A0124 GRIFFITH H ACRES 13.883
- Disclosures/Reports: None
- Property ID: 39641
Listed by Home & Ranch Real Estate
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Listing agent
— 1016 Private Rd 7040 —
Home & Ranch Real Estate
(979) 272-1759
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1016 Private Rd 7040
School District:Lexington Independent School District
| Name | Grades | Distance |
|---|---|---|
Lexington Elementary School 222 Fifth Street, Lexington, TX 78947 | PK-5 | 6.5 mi |
Lexington Middle School 121 Third Street, Lexington, TX 78947 | 6-8 | 6.4 mi |
Lexington High School 8783 U.S. 77, Lexington, TX 78947 | 9-12 | 6.4 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 1016 Private Rd 7040
Tax History
Tax History for 1016 Private Rd 7040
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,134
34%
$96,350
24%
2023
$846
100%
$77,530
34%
2022
100%
$57,850
38%
2022
-100%
$41,800
49%
2021
$498
—
$28,080
—
Disclaimer: Historical tax 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 1016 Private Rd 7040
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1016 Private Road 7040, Lexington, TX 78947 (MLS# 3368224) is a Lots/Land property with a lot size of 4.17 acres. 1016 Private Road 7040 is currently listed for $175,000 and was received on June 30, 2026. Want to learn more about 1016 Private Road 7040? Do you have questions about finding other Lots/Land real estate for sale in Lexington? You can browse all Lexington real estate or contact a Coldwell Banker agent to request more information.