000 Fm 982, Princeton, TX 75407

Princeton
Local realty services provided by:ERA Empower
000 Fm 982,Princeton, TX 75407
$2,295,000
Virtual Tour
  • 7.66 Acres
  • Lots / Land
  • Active
Listed by: david gloria
Office: ebby halliday, realtors
MLS#:21371589
Source:GDAR

Price summary

  • Price:$2,295,000

About this home

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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Home facts

  • Year built:1960
  • Subdivision & Development:SD Terry Surv Abs #890
  • Listing ID #:21371589
  • Added:61 day(s) ago
  • Updated:October 28, 2026 at 12:57 PM

Heating and cooling

  • Cooling:Central Air
  • Heating:Propane
  • Central air:Yes

Structure and exterior

  • Year built:1960
  • Lot area:7.66 Acres
  • Lot Features:Acreage, Agricultural, Cleared, Few Trees, Irregular Lot

Schools

  • High school:Lovelady,Princeton
  • Middle school:Mattei
  • Elementary school:James

Finances and disclosures

  • Price:$2,295,000
  • Tax amount:$3,834
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 28, 2026 Listings with the NTREIS logo are listed by brokerages other than ERA Empower.

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