3500 S Murvil Street Decatur, TX $ 4,850,000
3500 S Murvil Street
$ 4,850,000
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3500 S Murvil Street

Decatur, TX, 76234
$ 4,850,000
Baths0.0

Monthly Estimate*

$ 29,862

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Studio

Lots and Land for sale in Decatur, TX

for $4,850,000. The lot size is 139.854.

Just Reduced — 140± Acres on the Edge of Decatur. A rare opportunity to own 140± acres with an active ag exemption, sitting just outside the Decatur city limits within the ETJ. Tracts of this size, quality, and proximity rarely come to market. The property enjoys easy access to FM 51, with over 1,900 feet of frontage on Murvil Street and no deed restrictions — leaving the door wide open for continued ag use, future development, or a generational family holding. Decatur Middle and High Schools are less than 1.5 miles away, strengthening long-term residential value. Surface water is well distributed across the tract and anchored by a 1.5-acre pond, and the entire property lies outside the designated floodplain. Groundwater is plentiful in the area, with regional wells typically running 200–400 feet. Improvements include a well-kept ~2,700 sq ft single-story home, a small RV park, and infrastructure supporting an established cattle operation — turnkey functionality and immediate income from day one. Land like this — exempt, unrestricted, watered, improved, and minutes from town — doesn't sit long. Buyer and buyer's agent to independently verify all property details.

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Lots and Land Active

Price

$ 4,850,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 654

Style

Ranch

Lot Size

139.854

Town/City

Decatur

County/Region

Wise

MLS | Web ID

21130984

Features
General
Development Status Unzoned
Utilities All Weather Road Asphalt Septic Well
Possession Closing/Funding Negotiable
current use Agricultural Cattle Fishery Hunting/Fishing Livestock Ranch Recreational Residential See Remarks
Restrictions No Known Restriction(s)
School District Decatur ISD
Exclusions Minerals
Property Subtype Ranch
Subdivision Name None
Occupant Type Owner
County Wise
Property Type Land
HOA Type None
Status Active
Directions From Hwy 287 and FM 51 head south in 51 2 miles to Murvil St right on Murvil property on left.
City Decatur
Elementary School Name Carson
High School Decatur
Elementary School Carson
Standard Status Active
Listing Terms Cash Conventional
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Exterior
Waterfront 0
Lot Features Acreage Agricultural Pasture Tank/ Pond
Lot Size Over 100 Acres
Lot Size Dimensions tbv
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Internal Only
Street Number 1 3500
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* Excluded Features
List By
Allen Crumley

Listing Agent

Williams Trew Real Estate

Broker

Affordability Calculator

$29,917
Per Month
100%
0%
0%
Monthly Principal & Interest
$29,862
Monthly Property Taxes
$55
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
287284 Elementary School
3676423 Middle School
Pricing History
DatePricePrice ChangeDescription
5/8/2026$4,850,000 -8.14% Price Down
12/11/2025$5,280,000 Listed Price

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3500 S Murvil Street, Decatur, TX, 76234 is a Lots and Land for sale at $4,850,000 with a lot size of 139.854. 3500 S Murvil Street is a studio with 0.0 baths. The property's zip code is 76234 which is in Decatur, TX