2949 N Speegleville Road Woodway, TX 76712

$1,600,000

About this home

Property Overview

Discover a rare opportunity to own 167 acres in the heart of the Waco area, offering a unique blend of privacy, recreation, and long-term investment potential. Ideally situated across from Reynolds Creek Nature Park, this property delivers a scenic, nature-rich setting just minutes from town.

The land features three ponds and approximately 0.72 miles of Tennant Branch creek, creating a strong foundation for wildlife, livestock, and outdoor enjoyment. With a mix of open grazing areas and natural cover, the property is well-suited for ranching, hunting, or a private recreational retreat.

Of the total acreage, approximately 128 acres fall within an Army Corps of Engineers flood easement, offering wide-open space, habitat value, and reduced development density—ideal for those seeking privacy, conservation, or agricultural use.

A 3-bedroom, 2-bath home (1,620 sqft, built in 1983) sits on the property and provides a comfortable basecamp or full-time residence. The home includes a wood-burning fireplace, and the HVAC system was recently serviced, offering peace of mind for future owners.

Additional improvements include:

Storage barn

Cattle barn with working pens

Two water meters

One water well

The property is currently Ag exempt through a grazing lease, which can be terminated at any time, giving flexibility for future use.

Located just minutes from Waco, Woodway, and Lake Waco, this property combines accessibility with the feel of a private ranch, making it ideal for those looking to invest, recreate, or establish a legacy property in Central Texas.