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- $2.3M Price
- 7.66 Acres
- 1960 Year Built
- Study
- Game Room
- Media
- Pool
Fm 982
Princeton, Texas 75407-4785
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.
View Virtual TourEssential Information
- Price$2,295,000
- Cumulative Days on MarketUnlock
- MLS® #21371589
- Acres7.66
- Year Built1960
- TypeLand
- Sub-TypeImproved Land
- StatusActive
Quick Valuation Analysis from 2 Active Listings
Pricing Trends from 2 Active Listings in SD Terry Surv Abs
| This Home's Price | $2,295,000 | This Home's Price Per SqFt | $ |
| Average Price | $2,395,000 | Average Price Per SqFt | $ |
| Highest Price | $2,495,000 | Highest Price Per SqFt | $ |
| Lowest Price | $2,295,000 | Lowest Price Per SqFt | $ |
School Information
- School DistrictPrinceton ISD
- Elementary SchoolJames
- Middle SchoolMattei
- High SchoolLovelady
- Senior High SchoolPrinceton
Community
- AddressFm 982
- SubdivisionSD Terry Surv Abs #890
- CityPrinceton
- CountyCollin
- StateTexas
- Zip Code75407-4785
- HOANone
- UtilitiesAerobic Septic, Asphalt, Co-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Phone Available, Propane, Septic, Sewer Available, Unincorporated
- Taxes3834
Amenities
- WaterfrontYes
- WaterfrontLake Front – Corps of Engineers
Exterior
- Lot DescriptionAcreage, Adjacent to Greenbelt, Agricultural, Cleared, Few Trees, Irregular Lot, Water/Lake View
Energy Efficiency / Green Features / Heating & Cooling
- HeatingPropane
Additional Information
- ZoningUn-zoned. In the county, not ETJ.
Private Listing Information (Registration Required)
Listing Details
- AgentDavid Gloria
- OfficeEbby Halliday, Realtors
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Listing information last updated on October 14th, 2026 at 8:46pm CDT.