»Request more details
Collin, US
Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house and 3 cabins or tiny homes that are all very nicely finished out, and could be income producing rentals. 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 left 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.
Courtesy Of: Ebby Halliday, Realtors
Feature Highlights
- Multi Parcel ID
- AG Exemption
Public Schools
- School District:
- Princeton ISD
- Elementary School:
- James
- Middle School:
- Mattei
- High School:
- Lovelady
Interior Features
- Frontage Feet:
- 275
- Heating:
- Propane
Exterior Features and Amenities
- Fencing:
- Fenced,Gate
- Lot Features:
- Acreage,Adjacent to Greenbelt,Agricultural,Cleared,Few Trees,Irregular Lot,Water/Lake View
- Lot Size:
- 5 to < 10 Acres
- Lot Size Area:
- 7.6600
- Lot Size Source:
- Assessor
- Lot Size Units:
- Acres
- Subdivision Name:
- SD Terry Surv Abs #890
Utility Information
- Utilities:
- Co-op Water,Electricity Connected,Individual Water Meter,Outside City Limits,Phone Available,Propane,Septic,Sewer Available,Unincorporated
Financial
- Unexempt Taxes:
- $3,834.00
- Tax Legal Description:
- ABS A0890 S D TERRY SURVEY, SHEET 4, TRACT 13
Other Features
- Will Subdivide:
- Yes
- Special Notes:
- Aerial Photo
- Restrictions:
- No Known Restriction(s)
- Possession:
- Negotiable
- Parcel Number:
- R689000413101
- Intermediate School Name:
- Huddleston
- Easements:
- Utilities
Directions
From Hwy 380 in Princeton go south on FM-982 to the peninsula. It will be the first property on the left when entering the peninsula. Use GPS. It is just feet north of the FM-982 CR-444 intersection.
Copyright 2026 NTREIS. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange Program of the NTREIS. Real estate listings held by brokerage firms other than SRE-Sudderth Real Estate includes the name of the listing brokers.
Data last updated: 2026-02-21.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
