About this home

This new construction 3-bedroom, 3.5-bathroom home is ideally located in the heart of Waco-just minutes from the Magnolia Silos, the scenic trails of Cameron Park, vibrant Downtown, and the newly opened Foster Pavilion. Set in a rapidly evolving neighborhood along the 4th & 5th Street corridor, this home is surrounded by other new construction properties and benefits from the area's exciting transformation. With continued development, improved walkability, and growing interest from investors and visitors alike, this part of Waco is becoming one of the city's most desirable zones for short-term rentals and second homes. Inside, the home features three king suites-ideal for accommodating three groups. The bright, open-concept kitchen and vaulted living room showcases modern finishes and thoughtful design, creating the perfect space for entertaining or relaxing. Offered fully furnished, this home is completely turnkey-ready to generate short-term rental income on day one or serve as your personal Baylor game day retreat. Whether you're looking for a strong STR investment or a second home in a fast-growing part of Waco, this property is a rare opportunity. Property can be purchased as a bundle along with the vacant lot behind at 522 Proctor as well as 421 Proctor Ave, and 425 Proctor Ave (across the street) - all operating as short term rentals. Zoned O-3 for the unrestricted right to operate as a short term rental.

Facts and features

Schools

• G W Carver Middle

  middle · 6-8 · 1.3 mi

  1

• J H Hines Elementary School

  elementary · K-5 · 1.7 mi

  1

• Waco High School

  high · 9-12 · 2.8 mi

  3

• Montessori Preparatory School

  elementary · PK-1 · 0.9 mi

• Brook Avenue Elementary School

  elementary · K-5 · 0.2 mi

  3

• Methodist Children's Home

  middle · 6-12 · 0.3 mi

  1

Price history

• Sep 2, 2026 · Listed$549,000
• Jul 18, 2026 · Listing Removed—
• Jun 1, 2026 · Price Changed$533,000
• Apr 27, 2026 · Price Changed$534,000
• Mar 18, 2026 · Price Changed$535,000
• Feb 17, 2026 · Price Changed$538,000
• Jan 27, 2026 · Price Changed$539,000
• Dec 25, 2025 · Price Changed$540,000

Tax history

• 2026$6,570 tax · $285,000 assessed
• 2025$6,767 tax · $300,000 assessed
• 2023$5,637 tax · $251,450 assessed
• 2022$477 tax · $18,980 assessed
• 2021$318 tax · $12,300 assessed
• 2020$309 tax · $11,630 assessed
• 2019$301 tax · $11,100 assessed
• 2018$297 tax · $10,580 assessed

Home value

$539,724

• Quantarium$539,724
• Cotality$519,100
• Collateral Analytics$544,000

Where it is