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Property 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.
Full Property Details
Full Property Details for 1474 County Rd B
General
- Price: $1,305,000
- Taxes: (2022)
- Status: Active
- Type: Commercial Residential Facility
- Source: Austin_MLS
- MLS ID: 2682643
- Updated: 7/9/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Bed & Breakfast
Interior
- Flooring: Carpet, Laminate
Additional Information
- Security/Safety: Closed Circuit Camera(s), Smoke Detector(s)
Exterior
- Exterior Features: Storage
Parking
- Garage: Yes
- Carports: Yes
- Total Spaces: 6
- Parking Features: Attached Carport, Additional Parking, Circular Driveway, Covered, Carport, Door-Multi, Garage Faces Front, Garage, Guest, RV Access/Parking, Workshop in Garage
Location
- Area: LC
- County: Lee
- Subdivision: Yes
- Driving 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.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Cable Available: Yes
- Utility Description: Above Ground Utilities, Cable Available, Electricity Connected, Propane, Water Connected
Structural Information
- # Buildings: 7
- Detached/Attached: Detached
- Construction: HardiPlank Type, Masonry, Stone
- Square Feet: 3,119
- Sq. Ft. Source: Estimated
- Current Bldg. Use: Commercial, Mixed Use, Ranch, Residential, Single Family
- Year Built: 2011
- Year Built Source: Owner
- Property Condition: Resale
Additional Structures
- Other Structures: Corral(s), Garage(s), Guest House, Outdoor Kitchen, RV/Boat Storage, Storage, Workshop
Lot Features
- Property View: Pasture, Rural, Trees/Woods
- Lot Size (Acres): 4.26
- Lot Size (Sq. Ft.): 185,565.6
Financial Considerations
- Assessment Amount: $483,980
- Tax Year: 2022
- Terms: Cash, Conventional, 1031 Exchange, FHA
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Multiple Parcels: Yes
- Legal Description: BLUE PROPERTIES SECTION B, LOT 14A, ACRES 4.26
- Disclosures/Reports: None
- Property ID: 23630
- Lot Number: LOT 14A
Listed by Don Quick & Associates, Inc.
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Schools
Schools serving 1474 County Rd B
School District:Lexington Independent School District
| Name | Grades | Distance |
|---|---|---|
Lexington Elementary School 222 Fifth Street, Lexington, TX 78947 | PK-5 | 6.6 mi |
Lexington Middle School 121 Third Street, Lexington, TX 78947 | 6-8 | 6.6 mi |
Lexington High School 8783 U.S. 77, Lexington, TX 78947 | 9-12 | 6.7 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 1474 County Rd B
Date
Details
Price
Change
Source
7/09/2026
Listed
$1,305,000
—
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 1474 County Rd B
1474 County Road B, Lexington, TX 78947 (MLS# 2682643) is a Commercial Residential Facility property. 1474 County Road B is currently listed for $1,305,000 and was received on July 09, 2026. Want to learn more about 1474 County Road B? Do you have questions about finding other Commercial Residential Facility real estate for sale in Lexington? You can browse all Lexington real estate or contact a Coldwell Banker agent to request more information.

