301 Avenue I
Valley Mills, TX 76689
- 4 beds
- 3 baths
- 3,205 sqft
- ~11 acre lot
- $514 per sqft
- 1896 build
- – on site
A truly singular estate, that offers not only timeless beauty and unmatched privacy, but also a compelling investment opportunity with multiple income-producing residences already in place. Whether envisioned as a personal sanctuary or a legacy property with built-in cash flow, this residence provides an extraordinary backdrop for opportunity. The main house spans 3,200 square feet with four bedrooms and three bathrooms, blending historic character with thoughtful updates. The primary suite features heated bathroom floors, a soaking tub, and a custom arched tile shower that adds a spa-like feel. In the kitchen, white oak cabinetry, upgraded appliances, 48 inch range, and abundant natural light create a warm, functional space; framed by views of the surrounding hill country. Tucked into the trees are three custom-built tiny homes, each private and thoughtfully designed. These established short-term rentals perform well above market, offering consistent returns and future upside. With strong rental history and room to expand, the potential here is significant. The 10+ acre property includes mature oaks, native wildflowers, and open space for additional development; be it more cabins, shared amenities, or personal use. Additional features include an RV hookup, a barn, three storage sheds, a greenhouse, and a fenced irrigated garden. Outdoor living is central to the property’s charm, with a wraparound porch, a spacious back deck, and a fire pit ideal for enjoying peaceful evenings. Whether you're seeking a quiet family escape, a high-end rental retreat, or a long-term investment with character and flexibility, this property offers a rare opportunity to own something truly special.
Last checked:
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Last updated May 6, 2025
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MLS# 20918286 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1896
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Year Built Details:Preowned
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Structural Style:Single Detached
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Patio And Porch Features:Deck
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Security Features:Security Gate
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Accessibility Features:No
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Roof:Metal
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Basement:No
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Foundation Details:Pillar/Post/Pier
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Levels:Two
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Construction Materials:Wood
Interior
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Interior Features:Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Natural Woodwork, Vaulted Ceiling(s), Walk-In Closet(s)
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Flooring:Carpet, Combination, Wood
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Fireplaces Total:2
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Fireplace Features:Wood Burning
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Laundry Features:Full Size W/D Area
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# of Dining Areas:1
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# of Living Areas:2
Room Dimensions
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Living Area:3205.00
Location
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Directions:Heading west on HWY 6, take a left onto 3rd street, take a left on Avenue I. Home is at the top of the hill.
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Latitude:31.65319200
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Longitude:-97.47433600
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:No
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Parcel Number:R07390
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Lot Features:Acreage, Many Trees, Rock Outcropping, Rugged, Sloped
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Lot Size:10 to < 50 Acres
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Lot Size SqFt:467355.2400
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Lot Size Acres:10.7290
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Lot Size Area:10.7290
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Easements:Access
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Restrictions:No Known Restriction(s)
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Fencing:Gate, Partial, Wood
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Soil Type:Rocky/Shale
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Vegetation:Wooded
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Horse Permitted:Yes
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Exterior Features:Covered Deck, Covered Patio/Porch, Garden(s)
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Other Structures:Barn(s), Guest House, RV/Boat Storage
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Waterfront:No
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Lake Pump:No
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:46,47,52,53,59
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Tax Legal Description:VALLEY MILLS OT BLOCK 46,47,52,53,59(PT/EA) & ABST
Beds
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Bedrooms Total:4
Baths
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Total Baths:3.00
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Total Baths:3
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Full Baths:3
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20918286
Heating & Cooling
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Heating:Central, Electric
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Cooling:Ceiling Fan(s), Central Air, Electric
Utilities
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Utilities:City Water, Septic
Appliances
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Appliances:Built-in Gas Range, Built-in Refrigerator, Commercial Grade Range, Commercial Grade Vent, Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Range
Schools
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School District:Valley Mills ISD
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Elementary School:Valley Mills
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Elementary School Name:Valley Mills
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Jr High School Name:Valley Mills
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High School Name:Valley Mills
The Community
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Subdivision Name:S7300 VALLEY MILLS OT
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Senior Community:No
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Community Features:RV Parking
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Pool:No
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Association Type:None
Parking
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Garage:No
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Attached Garage:No
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Parking Features:Additional Parking, Circular Driveway
Monthly cost estimate

Asking price
$1,650,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$8,835
|
Taxes | N/A |
Insurance | $453 |
Utilities | $238 See report |
Total | $9,526/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.