Honey Grove, TX 75446,TBD Fm 1550
$385,000
Est.Price: ?

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5.06 Acres Lot

TBD Fm 1550 Honey Grove, TX 75446

Est. payment /mo
SOLD DATE : 12/13/2022

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

Subdivision Alexander Merrell Surv Abs #74

MLS Listing ID 20119613

Annual Tax Amount $702

Lot Size 5.060 Acres

Property Description

PRIME 5-acre waterfront peninsula on the newest large lake in Texas, Lake Ralph Hall. This parcel is a short commute to the North and East portions of the DFW metroplex. Located near the proposed public boat ramps with FM road frontage, The commercial zoning usage was just approved as of October 11, 2022. This property is now slated as one of the few parcels already approved for commercial use. This is an excellent location for boat docks, a small marina, condos, a store or restaurant or even hotel. This will have outstanding water views and lake access. The land is surrounded by Upper Trinity Water District property to the north, east and west. The new lake is expected to begin retaining water in 2024. This new 8,000 acre lake promises to be another prime opportunity in fast growing and highly sought after Fannin County.

Location

State TX

County Fannin

Zoning Land use map approved from commercial use.

Exterior

Utilities Available All Weather Road, Co-op Electric, Outside City Limits, Rural Water District, Unincorporated, No City Services, No Sewer

Waterfront Description Lake Front

Building

Lot Description Water/Lake View, Waterfront

Schools

School District Honey Grove Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, Federal Land Bank

Listing Terms 1031 Exchange, Cash, Conventional, Federal Land Bank

Special Listing Condition Owner/ Agent, Survey Available, Verify Flood Insurance, Verify Rollback Tax, Verify Tax Exemptions

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by David Cullar • FMI REALTY
Bought with David Ogletree • FMI REALTY

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Lily Moore

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+1(817) 715-3771

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