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Fannin, US
Located just outside the city limits of Leonard in growing Fannin County, this 15.78-acre tract offers an excellent opportunity for future residential development, investment, or a private homesite. With frontage along a Farm-to-Market road and nearby utilities in the area, the property combines accessibility with a Texas Country setting that is increasingly difficult to find.
Mostly wooded with level topography, this property provides flexibility for a variety of potential uses. An older home currently sits on the property and is considered to have little to no contributory value, making this a true land-focused offering with a clean slate for future improvements.
Surrounding development activity continues to support long-term potential in this area, including neighboring acreage that is currently being developed into a residential neighborhood. Whether intended for a single estate property, multiple homesites, or future development, this tract is well-positioned in one of North Texas’ steadily growing corridors.
Important to note, while portions of the surrounding area contain floodplain, this property is not located within a FEMA flood zone — a valuable designation for future planning and development.
Courtesy Of: Compass RE Texas, LLC.
Public Schools
- School District:
- Leonard ISD
- Elementary School:
- Leonard
- Jr High School:
- Leonard
- High School:
- Leonard
Exterior Features and Amenities
- Lot Features:
- Acreage
- Lot Size:
- 10 to < 50 Acres
- Lot Size Area:
- 15.7800
- Lot Size Units:
- Acres
Financial
- Tax Legal Description:
- A0691 M MORGAN, ACRES 15.78
- Unexempt Taxes:
- $7,529.00
Other Features
- Parcel Number:
- 000000079340
- Possession:
- Closing/Funding
- Restrictions:
- No Known Restriction(s)
- Will Subdivide:
- No
Directions
From Leonard, travel south on US Highway 69 toward Celeste for approximately 4 miles. Turn left onto FM 272 and continue East for approximately 3 miles. The property at 3150 FM 272, Celeste, TX 75423, will be on your right.
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: 2026-05-22.
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