381 N Fm 707, Merkel, TX, 79536
About This Home
Looking for a unique investment opportunity with serious income potential? This one of a kind property sits on 1 acre of caliche and is perfectly set up for a workforce housing, Air BnB, Long term Rental, RV setup, hunting retreat, or man camp style rental opportunity. With a functional layout and flexible use options, this property is ready to start producing income immediately. Inside you’ll find approximately 900 sq ft of living space featuring built-in bunk beds for maximizing sleeping capacity, a spacious dining area, full bathroom and a well designed kitchen complete with brand new granite countertops and beautifully stained custom cabinets that add warmth and character throughout the space. The property also includes an additional 400 sq ft storage area, perfect for tools, equipment, ATV storage, workshop space, or future expansion possibilities. The caliche-covered acreage offers ample parking and room for RV hookups, trailers, work trucks, or additional development. Whether you’re searching for a cash-flowing short or long-term rental, oilfield or workforce housing setup, weekend getaway, or multi-use investment property, this place checks all the boxes with rustic charm, functionality, and endless potential.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2008
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Cooktop,Electric Oven,Microwave,Refrigerator,Washer
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 1
- Full bathrooms: 1
Features
- Granite Counters,Cable TV
- Flooring: Concrete
Heating & Cooling
- Heating features: Electric
- Cooling features: Electric
Interior Area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
Property
Details
- Parcel number: 14936
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 1 Acres
- Features: Acreage
Parking
- Total spaces: 10
- Parking features: Additional Parking,RV Access/Parking
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Hail
- Drought
- Winter Weather
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Wildfire
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 | $905 | $10,860 |
| Home Insurance * | $216 | $2,592 |
| Property Taxes | $186 | $2,232 |
| Electricity | $238 | $2,859 |
| Total | $1,545 | $18,540 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $299,500 |
| 2025-08-05 | Listed for sale | $79,500 |
| 2025-07-23 | Listing removed | $79,500 |
| 2025-07-03 | Price change | $79,500 |
| 2025-02-20 | Price change | $120,000 |
| 2024-10-30 | Listed for sale | $150,000 |
For Sale by Agent
View on Zillow