15140 Fm 359 Rd, Hempstead, TX, 77445
About This Home
Rare ±220.96-acre contiguous land assemblage with primary frontage on FM-359 and additional access from Schmidt Road and Peters Road in the Hempstead–Waller growth corridor. Marketed as 15140 FM-359, this three-tract offering provides exceptional flexibility for future development, phased planning, or long-term investment. Property includes two residences, multiple barns, multiple water wells, stock tanks/ponds, fencing and cross-fencing, and established livestock infrastructure. Currently operated as an exotic game and agricultural ranch. Agricultural use in place with interim income potential while entitlements or future plans are evaluated. Multiple access points support efficient subdivision design and future entrances. Livestock, exotic animals, and non-attached farm equipment are not included but may be negotiable. Excellent opportunity for developers, land investors, or master-planned community assemblage in a rapidly expanding area of Waller County.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Farm
Interior
Heating & Cooling
- Heating features: Natural Gas,Propane
- Cooling features: Electric
Property
Details
- Parcel number: 304100308000100
Features
- Private pool: Yes
- Pool features: Gunite
- Spa features: Spa/Hot Tub
- Fencing: Cross Fenced,Fenced
- Waterfront features: Lake
Lot
- Lot size: 220.96 Acres
- Features: Pasture,50 or more Acres
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Drought
- Hurricane
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $53,093 | $637,116 |
| Home Insurance * | $8,621 | $103,452 |
| Property Taxes | $7,757 | $93,084 |
| Electricity | $238 | $2,859 |
| Total | $69,709 | $836,508 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-23 | Listed for sale | $10,500,000 |
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