Penelope Real Estate

Welcome to Penelope, a charming city located in Hill County, Texas. Nestled in the heart of the Lone Star State, Penelope offers a unique blend of small-town charm and big-city convenience. With a population of approximately 200 residents, this close-knit community provides a peaceful and welcoming atmosphere for both families and individuals alike.

Penelope boasts a rich history that dates back to the late 1800s when it was first settled. Today, the city retains its historic charm, with well-preserved buildings and a strong sense of heritage. Residents take pride in their community, and it's not uncommon to see neighbors coming together for local events and festivals.

One of the major draws of Penelope is its proximity to nature. The city is surrounded by picturesque landscapes, including rolling hills, lush forests, and pristine lakes. Outdoor enthusiasts will find plenty of opportunities for hiking, fishing, boating, and camping in the nearby Hill County State Natural Area.

When it comes to real estate, Penelope offers a variety of options to suit different preferences and budgets. From cozy cottages to spacious ranch-style homes, there is something for everyone. The housing market in Penelope is known for its affordability, making it an attractive destination for first-time homebuyers and those looking to invest in real estate.

In addition to its natural beauty and affordable housing, Penelope benefits from its proximity to larger cities. The city is within easy driving distance of Waco, which offers a wide range of amenities, including shopping centers, restaurants, entertainment venues, and educational institutions.

Whether you're looking for a peaceful retreat or a place to raise a family, Penelope offers a welcoming community, stunning natural surroundings, and affordable real estate options. Come and discover the charm of this hidden gem in Hill County, Texas.

Newest Listings in Penelope

$143,000

21352952 MLS

Discover the perfect opportunity with this beautiful 10+ acre tract of land! Fully fenced and ready for your vision, this versatile property offers endless possibilities whether you're looking to build your dream home, create a private ranch, or invest in land with long-term potential. With ample space for cattle, horses, or other livestock, this property is ideal for those seeking a peaceful country lifestyle with room to grow. The layout also provides the option to create a private family compound, offering space for multiple residences while maintaining privacy. Enjoy wide open views, usable land, and the freedom to design the property exactly how you want. Whether you're a homeowner, investor, or looking to build your legacy, this property checks all the boxes.

Tbd County Road 3221, Penelope

$155,000

21345456 MLS

Discover the perfect blend of privacy, natural beauty, and opportunity with this exceptional 10.73-acre tract located in the highly sought-after A+ rated Penelope ISD. With very few neighboring properties, you’ll enjoy the peace and tranquility of wide-open country living while still being conveniently located to nearby communities. A scenic elevated homesite offers breathtaking distant views, creating the ideal backdrop for your dream home, barndominium, or weekend retreat. Whether you’re enjoying spectacular sunrises, colorful Texas sunsets, or stargazing under wide-open skies, this property delivers the rural lifestyle you’ve been searching for. Adding to its value, the property includes a water meter already in place, helping you save both time and expense when you’re ready to build. The land is also currently Ag Exempt, providing significant property tax savings while preserving the beauty and character of the acreage. Rarely do properties combine privacy, panoramic views, existing utilities, tax advantages, and an outstanding school district in one package. Don’t miss this incredible opportunity to own a premier piece of Texas countryside and build the lifestyle you’ve always imagined.

Tbd Hcr 3220 Unit 6, Penelope

$219,500

21341482 MLS

18.08± Acres of Hill County Texas Land Ready to Build. Discover the opportunity to own approximately 18.08 acres in Hill County, Texas, offering plenty of space, good topography, and a peaceful rural setting with no close neighbors. This property is ready for you to build your dream country home and create the lifestyle you've been looking for. Located just 10 to 15 minutes from Interstate 35, the property provides the privacy and open space of country living while maintaining convenient access to nearby communities and the I-35 corridor. Whether you're looking to build a permanent residence, establish a weekend retreat, or simply own acreage in Central Texas, this property offers plenty of possibilities. Electricity is available, and water is located along the road, providing key utilities for future development. The property's good topography offers a practical setting for a home while leaving plenty of room for additional improvements, gardens, recreation, livestock, or simply enjoying the wide-open space. With no close neighbors, you'll have the opportunity to enjoy privacy and a peaceful country atmosphere without being far from major transportation routes. Hill County is a great location for buyers seeking rural land with convenient access to Central Texas. If you've been searching for Hill County acreage, Texas land for sale, rural property near I-35, or a country homesite in Central Texas, this 18.08± acre tract is ready for your vision.

Tbd Hcr 3220, Penelope

$85,000

3 Beds ⋅ 1 Baths ⋅ 21318766 MLS

Enjoy the peace and quiet of country living with this 3-bedroom, 1-bath home situated on a nice-sized lot. Surrounded by the charm of rural life, this property offers plenty of space to enjoy the outdoors while providing an opportunity to make it your own. This fixer-upper is ready for someone with vision to bring it back to life and create a place to call home. If you're looking for a country setting with endless potential, this property is worth a look.

120 S Kennedy St, Penelope

$1,050,000

3 Beds ⋅ 1 Baths ⋅ 21307274 MLS

Discover this charming 3 bed, 1 bath hardie board and batten siding farmhouse set on 92 STUNNING ACRES— an income producing retreat! The property features a large stocked pond (2021), gently rolling landscape, 30+ acres in cultivation, and is fenced and cross-fenced, making it ideal for both recreation and livestock. The home blends vintage 1900s charm with modern updates, including wood-look laminate flooring, shiplap accents, a loft, and a durable metal roof. There's a closed-in front porch that's ready to be finished and makes an additional bonus room to the house. A brand new central air and heat unit (2024) and a diesel generator connected to the home offer comfort and peace of mind year-round. All new windows, updated plumbing and electrical. Step outside to enjoy the vast open space from the back deck, two large equipment workshops for animals and storing of farm equipment. Whether you’re an avid outdoorsman or simply seeking a serene homestead with character, this property delivers space, functionality, and timeless appeal. Come experience the perfect blend of rustic charm and rural lifestyle — this one-of-a-kind property won’t last long!

536 Hcr 3244, Penelope

$320,000

21200251 MLS

Looking for that perfect place in the country to build your dream home? This is it! This 60.492 acres is located in Penelope ISD with no known restrictions! This property is located on HCR-3306. Property is currently used as farmland. Country living but not to far from the city - located a short distance from Waco and West! Schedule a showing today - walk the land and dream of all the possibilities!

Tbd Hcr 3306, Penelope

$579,775

21189370 MLS

BUILD YOUR DREAM HOME, or simply enjoy the country life experience just minutes from shopping or dining in the cities of West or Waco. This beautiful 66.26 acreage tract can be accessed from FM 3212 or FM 2114 and features beautiful rolling terrain, a pond, a wooded creek, and coastal grass. Seller will install a Birome co-op water meter prior to closing. The land benefits from lower property taxes due to the present agricultural exemption. This gently rolling terrain pasture land provide lots of room to spread out. Restrictions prohibit mobile homes. Owner will also divide the property into 3 tracts of 22.08 acres which can be purchased individually at $193,330.00. The other mls numbers are 21188146 and 21188052.You can have one, two, or all 3 tracts of land!! So many possibilities!!! OWNER WILL FINANCE!!!! 10% down, 10% interest for 30 yrs!

Tbd 3 Lcr, Penelope

$193,200

21188146 MLS

Build your dream home or simply enjoy the country life experience just minutes from shopping or dining in the cities of West or Waco. This beautiful acreage features a wooded creek frontage and over 600 feet of paved TX DOT approved road frontage. It is ready for livestock with the coastal grasses. Seller will install a Birome co-op water meter prior to closing. The land benefits from lower property taxes due to the present agricultural exemption. This gently rolling terrain pasture land provide lots of room to spread out. Restrictions prohibit mobile homes. If you need more acreage, check out mls numbers 2119370 and 21188052. All three tracts can be purchased together at $579,975.00 or individually at $193,300.00. So many possibilities!!! OWNER WILL FINANCE!! 10% down, 10% interest for 30 yrs.

Tbd 2 Fm 2114 Road, Penelope

$193,200

21188052 MLS

Build your dream home or simply enjoy the country life experience just minutes from shopping and entertainment in the beautiful cities of West and Waco. This beautiful wide open acreage with coastal grass and features over 600 feet of paved TX DOT approved private road frontage. Seller will install a co-op water meter prior to closing. The land benefits from lower property taxes due to the present agricultural exemption. Restrictions prohibit mobile homes. This parcel of land is one of 3 listings. Please refer to listings 21189370 and 21188146. They can be purchased individually at $193,300.00 or as one 66.26 acre parcel of land for $579975.00. There are so many possibilities!!! OWNER WILL FINANCE!!! 10% down, 10% interest rate- 30 yrs!

Tbd 1 Fm 2114 Road, Penelope

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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