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296 Lcr 806
Groesbeck, Texas 76642

County: Limestone M R Palacios-East

Approximately 76 acres of improved Texas ranch land located in Limestone County. This rare offering includes two adjoining tracts featuring a balanced mix of open pasture, native cover, and three scenic ponds, making it well-suited for cattle operation, recreation, hunting, or a private country estate. The property is well-improved with essential infrastructure already in place, including a water well housed in a 12’ x 12’ well house and electricity on site, providing immediate functionality and reducing development costs for future improvements. Ranch improvements include a 30’ x 40’ fully enclosed and insulated shop with concrete floors and a 16’ covered overhang, ideal for equipment storage, workshop use, or operational needs. Additionally, a 20’ x 40’ tractor, equipment barn offers additional covered storage for ranch machinery and supplies. The property also includes a cattle corral, making it fully functional for livestock handling and ranch operations. With a combination of productive pastureland, water features, and established improvements, this property offers strong utility along with recreational appeal. Multiple potential homesites are available, making it ideal for a custom ranch residence or weekend retreat. Owner will consider owner financing with acceptable terms.

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Essential Information

  • Price$949,000
  • Reduced By$151,000
  • Cumulative Days on MarketUnlock
  • MLS® #21265406
  • Acres76.26
  • TypeLand
  • Sub-TypeImproved Land
  • StatusActive
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Quick Valuation Analysis from 2 Active and 2 Sold Listings

Pricing Trends from 2 Active Listings in M R Palacios-East

This Home's Price $949,000 This Home's Price Per SqFt $
Average Price $549,500 Average Price Per SqFt $
Highest Price $949,000 Highest Price Per SqFt $
Lowest Price $149,999 Lowest Price Per SqFt $

Pricing Trends from 2 Sold Listings in M R Palacios-East

This Home's Price $949,000 This Home's Price Per SqFt $
Average Price $449,500 Average Price Per SqFt $
Highest Price $829,999 Highest Price Per SqFt $
Lowest Price $69,000 Lowest Price Per SqFt $

Property Details

School Information

Community

Exterior

  • Lot DescriptionAcreage, Agricultural, Few Trees, Pasture, Tank/ Pond

Additional Information

  • ZoningImproved with agricultural/residential structures; no municipal zoning restrictions apply

Private Listing Information (Registration Required)

Listing Details

  • AgentStacy Peery
  • OfficeGreater Waco Realty, Llc

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Listing information last updated on November 8th, 2026 at 6:00pm CST.