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5784 County Road 123

Iola, TX 77861
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Acres216.50

Acres(Lot)

Exceptional tract located in the rapidly growing Grimes County. Situated in a rural setting while surrounded by increasing residential and commercial development, this property offers outstanding potential for investors, developers, ranchers, or those seeking a large private estate. Featuring extensive road frontage, open pastureland, and scattered trees, the property provides multiple possibilities for future subdivision, residential development, agricultural use, recreational enjoyment, or a long-term land investment. The area’s continued growth and close proximity make this a rare opportunity to acquire a substantial acreage in an emerging market. Utilities are in place, further enhancing development potential. Mineral rights are available and providing value and investment appeal. Whet her you’re looking to develop, hold for appreciation, create a family ranch, or establish a private retreat, this property offers endless possibilities in one of the region’s up-and-coming locations.

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Detail Ic Property Details

Property Type : Farm

Price : $3,596,000

AD Id : 80300207

MLS Id : 72381661

Lot Size : 216.50 Acres(Lot)

County : Grimes

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Propane Has Cooling: Yes Cooling: Attic Fan, None, Window Unit(s)

  • Building Information

    Year Built: 1947 Private Pool: No

  • Lot Information

    Main Square Feet: 216.5 Acres Lot Size Acres: 216.5 Lot Size Square Feet: 9430740 Lot Description: Cleared, Wooded

    Property Information

    Subdivision: H Carhart Source Property Type: Farm Property Age: 79

  • Listing Price Information

    Listing Price: $3596000 Cash, Conventional

  • Tax Information

    Parcel Number: R15998 Tax Year: 2025 Annual Tax: $242 Tax Legal Desc: A0164 H CARHART, TRACT 26, ACRES 216.50 +/-

  • Parking Information

    No Garage, Gated

    Garage Information

    Has Garage: Yes

  • School Information

    Elementary School: Iola Elementary School
    Junior High School: Iola High School
    Senior High School: Iola High School
  • Location Information

    Direction: Coming from Houston take I-45 North, take exit 60C Sam Houston Tollway, take the TX-249 N exit toward Tomball, take the exit toward FM 1774 N, turn right onto FM 1774 N, sharp right after the gas station (on the right) onto TX-90 N, turn left onto FM 39 N, sharp right onto Co Rd 123, property will be on the left hand side. WaterSource: Well
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
LOT 57 Panther Creek Dr.., Iola, TX, 77861 $109,000 -- -- 45,302 1.04 Acres(Lot)
LOT 64 Panther Creek Dr.., Iola, TX, 77861 $109,000 -- -- 43,560 1 Acre(Lot)
LOT 61 Panther Creek Dr.., Iola, TX, 77861 $109,000 -- -- 43,560 1 Acre(Lot)
LOT 63 Panther Creek Dr.., Iola, TX, 77861 $109,000 -- -- 43,560 1 Acre(Lot)
LOT 62 Panther Creek Dr.., Iola, TX, 77861 $109,000 -- -- 43,995 1.01 Acre(Lot)
LOT 59 Panther Creek Dr.., Iola, TX, 77861 $109,000 -- -- 43,560 1 Acre(Lot)
LOT 58 Panther Creek Dr.., Iola, TX, 77861 $109,000 -- -- 43,995 1.01 Acre(Lot)
10172 Panther Creek Drive, Iola, TX, 77861 $124,000 -- -- 45,302 1.04 Acres(Lot)
10222 Panther Creek Drive, Iola, TX, 77861 $129,000 -- -- 54,450 1.25 Acres(Lot)
10196 Panther Creek Drive, Iola, TX, 77861 $124,000 -- -- 48,351 1.11 Acres(Lot)

Copyright 2026, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

ByOwner last updated this listing 06/13/2026 @ 23:39

MLS: 72381661 LISTED BY: Kristen Serrato, JLA Realty SOURCE: Houston Association of REALTORS

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