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Two Income-Producing Ranch Retreats on 3.5 Acres, 325 & 321 Grassy Way, Elm Mott, TX This beautifully updated ranch-style home and guest house offer the perfect blend of comfort, privacy, and built-in rental income. Together, both homes generate approximately $4,600 per month, making this an ideal investment for those seeking a move-in ready property that pays for itself. Fully remodeled and expanded four years ago, the main home at 325 Grassy Way features granite countertops throughout, durable plank flooring, spray-foam insulation, energy-efficient windows, and a new HVAC system with gas heating. The spacious master suite includes a granite walk-in shower, and a laundry room with a utility sink adds everyday convenience. The detached guest house at 321 Grassy Way offers 800 sq. ft. of beautifully finished space, including one bedroom downstairs, a loft bedroom upstairs, a full bath with walk-in shower, laundry nook, and a full kitchen with granite countertops and barn wood accents. A vaulted timber-framed entry and ductless mini-split system create a cozy, efficient retreat. This unit is ideal for Airbnb or long-term rental, with its own address, separate utilities, and a 50-amp RV hookup. It can also be sold fully furnished for a turnkey setup. Set on 3.5 acres, the largest lot in the subdivision, this property features mature oak groves, a year-round pond, full fencing, a custom gate, chicken coop and play set. Tucked at the end of a cul-de-sac, just 2 miles from I-35 and 15 minutes from Waco, this property combines peaceful country living with the convenience of nearby amenities. Whether you're an investor or an owner-occupant looking to offset your mortgage, 321 & 325 Grassy Way deliver immediate income and long-term value.

4 Beds ⋅ 3 Baths ⋅ 21351932 MLS

Two Income-Producing Ranch Retreats on 3.5 Acres, 325 & 321 Grassy Way, Elm Mott, TX This beautifully updated ranch-style home and guest house offer the perfect blend of comfort, privacy, and built-in rental income. Together, both homes generate approximately $4,600 per month, making this an ideal investment for those seeking a move-in ready property that pays for itself. Fully remodeled and expanded four years ago, the main home at 325 Grassy Way features granite countertops throughout, durable plank flooring, spray-foam insulation, energy-efficient windows, and a new HVAC system with gas heating. The spacious master suite includes a granite walk-in shower, and a laundry room with a utility sink adds everyday convenience. The detached guest house at 321 Grassy Way offers 800 sq. ft. of beautifully finished space, including one bedroom downstairs, a loft bedroom upstairs, a full bath with walk-in shower, laundry nook, and a full kitchen with granite countertops and barn wood accents. A vaulted timber-framed entry and ductless mini-split system create a cozy, efficient retreat. This unit is ideal for Airbnb or long-term rental, with its own address, separate utilities, and a 50-amp RV hookup. It can also be sold fully furnished for a turnkey setup. Set on 3.5 acres, the largest lot in the subdivision, this property features mature oak groves, a year-round pond, full fencing, a custom gate, chicken coop and play set. Tucked at the end of a cul-de-sac, just 2 miles from I-35 and 15 minutes from Waco, this property combines peaceful country living with the convenience of nearby amenities. Whether you're an investor or an owner-occupant looking to offset your mortgage, 321 & 325 Grassy Way deliver immediate income and long-term value.

325 Grassy Way, Elm Mott

Tucked beyond the noise of everyday life and set on 5 quiet acres, Oak Knoll Lane offers space, flexibility, and a lifestyle that feels both grounded and effortless. Step inside to a refreshed interior with new carpet throughout and warm hardwood flooring in the entry, kitchen, and hallway. The home flows naturally with an open, comfortable layout that feels light, functional, and easy to live in. The kitchen has been thoughtfully updated with a clean, elevated feel and opens into the main living space, creating a natural gathering point for daily living and entertaining. With 3 bedrooms and 3 full baths, including two primary suites, the layout provides rare flexibility for multi generational living, guests, or evolving needs. Two separate living areas offer room to spread out, whether you are hosting, working from home, or simply enjoying a quiet space to unwind. Outside, the property truly opens up. Five acres back to conservation land, offering added privacy and a protected view. The land is equipped for both function and lifestyle with a shop, cinder block structure ideal for an office or studio, a shed, 4 post lean to for equipment, and an animal barn. Serviced by a community well with an in home filtration system, the property balances rural living with everyday convenience. If you have been looking for space, versatility, and a setting that allows you to live a little wider, Oak Knoll Lane delivers.

3 Beds ⋅ 3 Baths ⋅ 21245095 MLS

Tucked beyond the noise of everyday life and set on 5 quiet acres, Oak Knoll Lane offers space, flexibility, and a lifestyle that feels both grounded and effortless. Step inside to a refreshed interior with new carpet throughout and warm hardwood flooring in the entry, kitchen, and hallway. The home flows naturally with an open, comfortable layout that feels light, functional, and easy to live in. The kitchen has been thoughtfully updated with a clean, elevated feel and opens into the main living space, creating a natural gathering point for daily living and entertaining. With 3 bedrooms and 3 full baths, including two primary suites, the layout provides rare flexibility for multi generational living, guests, or evolving needs. Two separate living areas offer room to spread out, whether you are hosting, working from home, or simply enjoying a quiet space to unwind. Outside, the property truly opens up. Five acres back to conservation land, offering added privacy and a protected view. The land is equipped for both function and lifestyle with a shop, cinder block structure ideal for an office or studio, a shed, 4 post lean to for equipment, and an animal barn. Serviced by a community well with an in home filtration system, the property balances rural living with everyday convenience. If you have been looking for space, versatility, and a setting that allows you to live a little wider, Oak Knoll Lane delivers.

503 Oak Knoll Ln, Elm Mott

Beautifully renovated home on 27 private acres just minutes from downtown Waco, offering the perfect balance of peaceful country living and city convenience. Tucked beyond a private drive and surrounded by mature trees, this property features expansive hay fields, a functional stock tank, wooded borders, and endless possibilities for livestock, recreation, agricultural use, or future improvements. Enjoy open skies, wide-open spaces, and the privacy of your own countryside retreat while remaining just a short drive from Baylor University, Cameron Park, shopping, dining, and major highways. Whether you're looking for a homestead, hobby farm, or investment opportunity, this unique property offers the space, flexibility, and potential to make it your own. Come walk the land and experience everything this exceptional property has to offer. All offers will be considered!

3 Beds ⋅ 2 Baths ⋅ 21236276 MLS

Beautifully renovated home on 27 private acres just minutes from downtown Waco, offering the perfect balance of peaceful country living and city convenience. Tucked beyond a private drive and surrounded by mature trees, this property features expansive hay fields, a functional stock tank, wooded borders, and endless possibilities for livestock, recreation, agricultural use, or future improvements. Enjoy open skies, wide-open spaces, and the privacy of your own countryside retreat while remaining just a short drive from Baylor University, Cameron Park, shopping, dining, and major highways. Whether you're looking for a homestead, hobby farm, or investment opportunity, this unique property offers the space, flexibility, and potential to make it your own. Come walk the land and experience everything this exceptional property has to offer. All offers will be considered!

1325 N Katy Rd, Elm Mott

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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