1509 ISLAND, BONHAM, TX 75418
Homes for sale in Bonham.
Homes for sale in 75418.
1509 Island
Bonham, TX 75418
List Price$850,000
Listing #21086033
About This Property
10.889 Acres -- Prime Development Opportunity in the Heart of Bonham Positioned in the center of Bonham's growth corridor, this 10.889-acre tract offers exceptional potential for residential development. With frontage on both Highway 78 and Island Bayou Road, the property provides convenient dual access points ideal for future subdivision design. A 12-inch city water line runs along Island Bayou, supporting infrastructure for new homes. Currently located within a floodplain, this site presents an excellent opportunity for a developer ready to elevate and build--transforming a centrally located parcel into a new neighborhood just minutes from downtown amenities, schools, and new commercial expansion. Bring your vision to life in one of North Texas' fastest-growing small towns--Bonham, Texas--where community investment and development are thriving.
Property Features
Location Information
County
Fannin
Subdivision
Island Bayou Estates
Interior Features
Has Fireplace
No
Exterior Features
Water / Sewer
Sewer Available, Water Available
Possible Best Use
Agricultural, Cattle, Comme
Utilities
Sewer Available, Water Available
Zoning
residential commercial mix use
Fencing
Fenced
Development Status
Zoned
Lot Description
Acreage, Cleared, Interior Lot, Pasture, Many Trees, Subdivision
Road Description
City Street, Highway, Asphalt, Concrete
Lot Size in Acres
10.885
Is One Story
No
Lot Size in Sq. Ft.
474,150
Lot Description
Acreage, Cleared, Interior Lot, Pasture, Many Trees, Subdivision
Current Use
Agricultural, Cattle, Commercial, Development, Investm
School
Elementary School District
Bonham ISD
High School
Bonham
Elementary School
Evans
Additional Information
Property Type
LL
Has a Home Owners Association
No
Property SubType
Retail
Tax Annual Amount
14.0
Status
Active
Lot Acres Source
Assessor
Similar Listings
Mortgage Calculator
$3,969
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,063
Monthly Tax
$708
Monthly Insurance
$198
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Megan Towery, PARAGON, REALTORS
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NTREIS - North Texas data last updated at March 12, 2026, 11:52 AM CT
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