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$193,200
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Property Description
Build your dream home or simply enjoy the country life experience. This beautiful wide open acreage has recently been sprigged with coastal grass and features over 600 feet of paved TX DOT approved private road frontage. Seller will install a co-op water meter prior to closing. The land benefits from lower property taxes due to the present agricultural exemption. Restrictions prohibit mobile homes. This parcel of land is one of 3 listings. Please refer to listings 21189370 and 21188146. They can be purchased individually at $264900 or as one parcel of land for $794700. There are so many possibilities!!! OWNER WILL FINANCE!!! 10% down, 10% interest rate- 30 yrs!
Full Property Details
Full Property Details for Tbd 1 Fm 2114 Rd
General
- Price: $193,200
- Taxes: $240
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21188052
- Updated: 7/14/2026
- Added to Site: 147 day(s) ago
Location
- County: Hill
- Subdivision: B DEBARR
- Driving Directions: From Waco- I-35 N. Take FM 308 exit. Right at traffic light onto FM 308. Go approx 14 miles, turn L on FM 339. At stop sign turn R on FM 2114. Property is immediately on the left. From West- east towards Penelope on FM 2114. Property is on the left before entering Penelope city limits.
School Information
- Elem School District: Penelope ISD
- Midd School District: Penelope ISD
- High School District: Penelope ISD
- Elementary School: Penelope
- Middle School: Penelope
- High School: Penelope
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Water: Community/Coop
- Utility Description: Electricity Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Livestock
Lot Features
- Lot Size (Acres): 22.08
- Lot Size (Sq. Ft.): 961,804.8
- Lot Size Source: Estimated
- Frontage: Farm to Market Road
- Lot Features: Acreage, Agricultural, Cleared, Subdivided
- Potential Use: Agricultural, Grazing, Livestock, Pasture, Residential
- Trees/Vegetation: Grassed
- Zoning: Unzoned
Financial Considerations
- Tax Amount: $240
- Terms: Assumable, Cash, Conventional, Federal Land Bank, Owner Will Carry, Texas Vet
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: TBD 1 FM 2114 B DEBARR Penelope, TX 76676
- Disclosures/Rstr.: Easement(s)
- Property ID: 124447
- Lot Number: TBD 1
Listed by Kelly, Realtors, Sue Milam Reed
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Price & Sales History for Tbd 1 Fm 2114 Rd
Date
Details
Price
Change
Source
7/14/2026
Price Reduced
$193,200
-20.17%
MLS
4/21/2026
Price Reduced
$242,000
-8.64%
MLS
2/24/2026
Listed
$264,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Tbd 1 Fm 2114 Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1
—
$5,320
2318%
2022
$1
-50%
$220
100%
2021
$2
—
—
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 Tbd 1 Fm 2114 Rd
Tbd 1 Fm 2114 Road, Penelope, TX 76676 (MLS# 21188052) is a Lots/Land property with a lot size of 22.08 acres. Tbd 1 Fm 2114 Road is currently listed for $193,200 and was received on February 24, 2026. Want to learn more about Tbd 1 Fm 2114 Road? Do you have questions about finding other Lots/Land real estate for sale in Penelope? You can browse all Penelope real estate or contact a Coldwell Banker agent to request more information.

