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000 Fm 982 Princeton, TX $ 2,295,000
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000 Fm 982
$ 2,295,000
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000 Fm 982

Princeton, TX, 75407
$ 2,295,000
Baths0.0

Monthly Estimate*

$ 14,491

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Studio

Lots and Land for sale in Princeton, TX

for $2,295,000. This property was built in 1960 on a lot size of 7.66.

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.

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Lots and Land Active

Price

$ 2,295,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 3,834

Style

Improved Land

Lot Size

7.66

Year Built

1960

Town/City

Princeton

County/Region

Collin

MLS | Web ID

21371589
Features
General
Development Status Unzoned
Heating Propane
Cooling Central Air
Utilities Aerobic Septic Asphalt Co-op Water Electricity Connected Individual Water Meter Outside City Limits Phone Available Propane Septic Sewer Available Unincorporated
Possession Negotiable
current use Agricultural Residential
Restrictions No Known Restriction(s) Other
School District Princeton ISD
Exclusions All personal property
Year Built 1960
AG Exemption Y
Property Subtype Improved Land
Subdivision Name SD Terry Surv Abs #890
Occupant Type Owner
County Collin
Property Type Land
HOA Type None
Special Notes Aerial Photo Verify Rollback Tax Verify Tax Exemptions
Status Active
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
City Princeton
Elementary School Name James
High School Lovelady
Elementary School James
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional Owner Will Carry Other
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Exterior
Waterfront 1
Lot Features Acreage Adjacent to Greenbelt Agricultural Cleared Few Trees Irregular Lot Water/Lake View
Lot Size Source Assessor
WaterFront Features Lake Front – Corps of Engineers
Lot Size 5 to < 10 Acres
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Internal Only
Street Number 1 0
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* Excluded Features
List By
David Gloria

Listing Agent

Ebby Halliday, Realtors

Broker

Affordability Calculator

$14,810
Per Month
98%
2%
0%
Monthly Principal & Interest
$14,491
Monthly Property Taxes
$320
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4826021 Elementary School
3676441 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
8/28/2026 $2,295,000 Listed Price

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000 Fm 982, Princeton, TX, 75407 is a Lots and Land for sale at $2,295,000 with a lot size of 7.66. 000 Fm 982 is a studio with 0.0 baths and was built in 1960. The property's zip code is 75407 which is in Princeton, TX

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