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Russell Cox
Relocation Director
REALTOR®
Cell: (254) 717-6447
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4647 Fm 982 , Princeton, TX 75407

$2,495,000
  • 4647 Fm 982 , Princeton, TX 75407 Main Photo

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Active
LOT SIZE 7.660 acres MLS#21179493
STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONSD Terry Surv Abs #890 SCHOOLPrinceton ISD

Property Description

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.

4647 Fm 982 | MLS# 21179493

This land located at 4647 Fm 982 , Princeton, TX 75407 is currently listed for sale with an asking price of $2,495,000. The property has approximately 7.66 Acres. Fm 982 is located within the Princeton ISD school district. Search Princeton real estate on www.254sale.com today.

Property Features

Property Type: Land - Residential
Cooling: Central Air
Heating: Propane
Lot Size: 7.66 Acres
Year Built: 1960

Feature Descriptions

Days on Site: 20
Exclusions: All personal property
Fencing: Fenced, Gate
Lot: Acreage, Adjacent to Greenbelt, Agricultural, Cleared, Few Trees, Irregular Lot, Water/Lake View
Parcel#: R689000413101
Utilities: Co-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Phone Available, Propane, Septic, Sewer Available, Unincorporated
Water Features: Lake Front – Corps of Engineers

Local Schools

Elementary School: James
School District: Princeton ISD

Listed By / Shown By

Listed By

Agency Name: Ebby Halliday, Realtors
Agency Contact: 214-509-0808
Agent Name: David Gloria

agent picture

Shown By

Agent Name: Russell Cox
Agent Phone: Cell: (254) 717-6447
Agency Title: Kelly, Realtors

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Estimate Your Payment

Estimated Payment

$ 6,280.50 per month $5,552.79 Principal & Interest $0.00 Property Tax (data not provided by mls) $727.71 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/05/2026. The listing information on this page last changed on 03/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/05/2026 11:42:28 AM EST) or NTREIS (last updated Thu 03/05/2026 11:31:07 AM EST) or SABOR MLS (last updated Thu 03/05/2026 11:23:12 AM EST) or CTXMLS (last updated Thu 03/05/2026 11:40:42 AM EST). Real estate listings held by brokerage firms other than Kelly, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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