$2,295,000

000 FM 982, Princeton TX, 75407

Price per sqft$6.88

Built in1960

Lot size7.66 Acres

Property typeLand

Overview

Active

Updated Aug 29

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.

Additional information

MLS^® ID: 21371589

Exterior Features

Lot Size: 7.66 Acres

Other Property Details

Taxes: $3,834
Tax Frequency: Annually
View: Yes
Waterfront: Yes

Listed by David Gloria with Ebby Halliday, Realtors
Listing Contact: 214-509-0808

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 8/29/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 8/29/2026 at 4:39 AM UTC