325 Grassy Way, Elm Mott, TX 76640
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: aaron jistel512-827-2252
Office: listingspark
MLS#:20990819
Source:GDAR
Price summary
- Price:$514,000
- Price per sq. ft.:$285.87
About this home
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.
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Home facts
- Year built:1983
- Listing ID #:20990819
- Added:133 day(s) ago
- Updated:November 15, 2025 at 12:42 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,798 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Central, Natural Gas, Propane
Structure and exterior
- Roof:Composition
- Year built:1983
- Building area:1,798 sq. ft.
- Lot area:3.58 Acres
Schools
- High school:West
- Middle school:West
- Elementary school:West
Finances and disclosures
- Price:$514,000
- Price per sq. ft.:$285.87
- Tax amount:$4,405
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated November 15, 2025 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.New listings near 325 Grassy Way
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