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325 Grassy Way

Elm Mott, TX 76640
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4 Bedroom(s)
3 Full Bath(s)
1,798 Sqft
3.58 Lot Acres
Residential - Single Family

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Description

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.

MLS#
NTREIS-21351932
List Price
$570,000 ($317/Sqft.)
Listing Status
For Sale
Address
325 Grassy Way
City
Elm Mott
State
TX
Zip Code
76640
County
McLennan County
Subdivision
Bode Road Add
Legal Description
BODE ROAD ADDITION PH 1 LOT 12 BLOCK 1 ACRES
Property Type
Residential - Single Family
Bedroom
4 Bedroom(s)
Bath
3 Full Bath(s)
Stories
1
Building Size
1,798 Sqft/Appraisal District
Year Built
1983 /Appraisal District
Lot Size
3.58 Lot Acres/Appraisal District
LP / Acre
$159,441 / Acre

Rooms

Living
15 x 10, 1st
Primary Bedroom
12 x 12, 1st
Bedroom
12 x 10, 1st
Bedroom
10 x 10, 1st
Bedroom
12 x 10, 1st

Interior

Number Of Living Area
2
Floors
Laminate, Wood
Cooling
Central Air
Heating
Central, Natural Gas, Propane
Appliances
Gas Oven, Gas Range, Plumbed For Gas in Kitchen, Refrigerator
Interior
High Speed Internet Available, Vaulted Ceiling(s)

Exterior

Roof
Composition
Foundation
Slab
Private Pool
No
Exterior Type
Brick
Parking
Circular Driveway
Utility
Aerobic Septic,City Water,Community Mailbox,Individual Water Meter,Outside City Limits,Overhead Utilities

Extra details you may need to know

Dwelling Type
Single Detached
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Aug 08, 2026 at 12:46 AM
Listing last updated Aug 07, 2026 at 02:19 PM
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Cost/Sqft based on tax value

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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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