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301 Avenue I

Valley Mills, TX 76689

4 beds
3 baths
3,205 sqft
~11 acre lot
$514 per sqft
1896 build
– on site

PERCHED ATOP A PRIVATE, WINDING DRIVE, THIS DISTINGUISHED 19TH-CENTURY FARMHOUSE COMMANDS SWEEPING VIEWS. A truly singular estate, it 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.

Listing courtesy of ABOR / Trevor Caswell / KELLER WILLIAMS ADVANTAGE

Last checked: Checking… • Last updated May 5, 2025 •

MLS# 9016874 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1896
New Construction:

false
Roof:

Metal
Foundation:

Pillar/Post/Pier
Exterior Features:

Garden
Accessibility Features:

None
Patio And Porch Features:

Covered
Window Features:

Blinds
Levels:

Two
Direction Faces:

North

Interior

Interior Features:

Bookcases
Living:

2
Dining:

1
Flooring:

Carpet
Fireplace:

Living Room
Fireplaces Total:

2
Laundry Location:

Inside

Room Dimensions

Living Area:

3205
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

Deed Restrictions

Location

Latitude:

31.653318
Longitude:

-97.47402
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.

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Parcel Number:

R07390
Property Condition:

Updated/Remodeled
Other Structures:

Guest House
Lot Features:

Back Yard
Lot Size Acres:

10.729
Lot Size Area:

10 Sqft
Lot Size SqFt:

467,355 Sqft
View:

Garden
Waterfront:

false
Waterfront Features:

None
Horse:

false
Additional Parcels:

true
Fencing:

Gate
FEMA Flood Plain:

No

Listing Agent

Contact info:

Beds

Beds:

3
Bedrooms Total:

4
Main Level Bedrooms:

1

Baths

Total Baths:

3
Total Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

See Remarks
Listing Terms:

Cash
Occupant Type:

Owner

Heating & Cooling

Heating:

Central
Cooling:

Ceiling Fan(s)

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Tank
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Outside School District
Elementary School District:

Valley Mills Isd
Middle School:

Outside School District
Middle School District:

Valley Mills Isd
High School:

Outside School District
High School District:

Valley Mills Isd

The Community

Subdivision Name:

S7300 Valley Mills Ot
Community Features:

BBQ Pit/Grill
Pool Private:

true
Pool Features:

Above Ground

Parking

Parking Features:

Circular Driveway
Garage:

false
Attached Garage:

false

Monthly cost estimate

Asking price

$1,650,000

Expense	Monthly cost
Mortgage	$8,835
Taxes	N/A
Insurance	$453
Utilities	$238 See report
Total	$9,526/mo.^*
	^*This is an estimate

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Provided by WalkScore® Inc.

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Provided by ClearlyEnergy

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This house located in Valley Mills, TX 76689 is currently for sale for $1,650,000. 301 Avenue I is a 3,205 square foot house with 4 beds and 3 baths that has been on Estately for 8 days. This house is in the attendance area of Valley Mills High School, Valley Mills Elementary School, and Valley Mills Junior High School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.