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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
Sold Date 12/13/22
HOA Y/N None
Annual Tax Amount $702
Lot Size 5.060 Acres
Acres 5.06
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.
Direction From Honey Grove travel South to Bugtussle. Turn left (east) on FM 1550 and travel approximately 1,000 feet to the property on your left or North side of FM 1550. Sign on property.
Exterior
Utilities Available All Weather Road, Co-op Electric, Outside City Limits, Rural Water District, Unincorporated, No City Services, No Sewer
Waterfront 1
Waterfront Description Lake Front
Street Surface Asphalt
Garage No
Building
Lot Description Water/Lake View, Waterfront
Schools
School District Honey Grove Isd
Others
Restrictions None
Ownership Of record
Acceptable Financing 1031 Exchange, Cash, Conventional, Federal Land Bank
Listing Terms 1031 Exchange, Cash, Conventional, Federal Land Bank
Financing Conventional
Special Listing Condition Owner/ Agent, Survey Available, Verify Flood Insurance, Verify Rollback Tax, Verify Tax Exemptions
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Bought with David Ogletree • FMI REALTY
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