4647 Fm 982, Princeton, TX 75407

Princeton
Local realty services provided by:Better Homes and Gardens Real Estate Senter, REALTORS(R)
4647 Fm 982,Princeton, TX 75407
$2,495,000
Virtual Tour
  • 7.66 Acres
  • Lots / Land
  • Active
Listed by: david gloria214-509-0808
Office: ebby halliday, realtors
MLS#:21179493
Source:GDAR

Price summary

  • Price:$2,495,000

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 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.

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Home facts

  • Year built:1960
  • Listing ID #:21179493
  • Added:53 day(s) ago
  • Updated:April 08, 2026 at 11:46 AM

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
  • Middle school:Mattei
  • Elementary school:James

Finances and disclosures

  • Price:$2,495,000
  • Tax amount:$3,834
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated April 8, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Senter, REALTORS(R).

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