Lexington, TX 78947 (Lee County)
About this property
Charming 100-year-old home on 2 acres in Lexington, TX — a true fixer-upper with tremendous potential. This property sits on nine separate lots, offering rare development or subdivision opportunities for an investor, or expansive outdoor space for a buyer who wants to restore historic character. The house needs remodeling, making it ideal for someone who wants to customize a vintage home or capitalize on the land value. Mature trees, generous yard space, and a peaceful small-town location add to the appeal. Just two streets away from texas famous Snows BBQ. Perfect for: DIY homeowners looking for a restoration project or investors seeking a subdividable parcel in a growing market. No restrictions. There is a drainage easment in place and the very back of the property is being upgraded to allow for better drainage. The back acre will be restored, grass will be planted, fence will be put back up long the entire perimeter and all equipment will be removed. All additional structure on the property will convey. The 2 red shed are newer and in good condition, the other 2 sheds and old outhouse are tear downs. the pole barn in the back is also a tear down.
Property details
Location
About the Area
517 Giddings St is located in Lexington, Texas, in Lee County. Lee County sits in the post oak savanna east of Austin, anchored by Giddings, a small agricultural city bisected by US-290 that has seen modest growth from Austin metro expansion. The county maintains a working agricultural character while proximity to Austin makes it increasingly attractive for acreage buyers.
The Little Brazos River and Yegua Creek drain much of Lee County, and the terrain features sandy post oak soils characteristic of the Lost Pines transition zone. The landscape is gentler than the Hill Country proper, with open pastures, wooded creek bottoms, and sandy-soiled ranchland.
Lexington had an estimated population of 1,493 as of 2023. The 78947 zip code has a median household income of $81,371, a median home value of $276,900, and a median age of 41.1. The average household size is 2.61 people.
Cattle ranching, poultry farming, oil and gas production, and Austin metro spillover define Lee County's economy. The county attracts buyers seeking affordable acreage within 60 miles of Austin's employment centers.
Demographic data sourced from the U.S. Census Bureau, American Community Survey 5-Year Estimates (2023).
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