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000 Fm 982

Princeton, TX 75407
  • $2,295,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 21371589
UPDATED: 12 min ago
$2,295,000
  • 0
    BEDS
  • 7.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
Built:
1960
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by David Gloria of Ebby Halliday, Realtors: 214-509-0808.

Description

Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the right when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.

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© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-09-04T19:45:09.907.
www.homesbylainie.com/homes/180633395
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000 Fm 982 Princeton, TX 75407

  • Price: $2,295,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 12 min ago
  • MLS #: 21371589
0
Beds
0
Baths
0
½ Baths
7.66
Acres
1960
Built
Neighborhood:
Sd Terry Surv Abs #890
County:
Collin
Area:
Princeton
Elementary School:
James
High School:
Lovelady
School District:
PRINCETON ISD
Property Description
Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the right when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.
Exterior Features

Lot Description AcreageAdjacent to GreenbeltAgriculturalClearedFew TreesIrregular LotWater/Lake View Lot Size Source Assessor Road Frontage Type FM Road Waterfront Features Lake Front – Corps of Engineers Waterfront YN Yes

Interior Features

Cooling Central Air Heating Propane

Property Features

AGExemption Yes Current Use AgriculturalResidential Development Unzoned Easements Utilities Exclusions All personal property HOA None Lake Name Lavon Listing Terms 1031 ExchangeCashConventionalOwner Will CarryOther Municipal Utility District No Possession Negotiable Property Type Improved Land Restrictions No Known Restriction(s)Other Senior High School Name Princeton Special Notes Aerial PhotoVerify Rollback TaxVerify Tax Exemptions Unexempt Taxes 3834 Utilities Aerobic SepticAsphaltCo-op WaterElectricity ConnectedIndividual Water MeterOutside City LimitsPhone AvailablePropaneSepticSewer AvailableUnincorporated Will Subdivide Yes Zoning Un-zoned. In the countynot ETJ.

North Texas Real Estate Information Systems MLS logo Listing information © 2026 North Texas Real Estate Information System.


© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-09-04T19:45:09.907.
 
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Homes By Lainie Real Estate Group
682 E. FM 120, Ste 3
Pottsboro TX, 75076
Offered by David Gloria of Ebby Halliday, Realtors: 214-509-0808.