TBD FM 51, DECATUR, TX 76234
Homes for sale in Melissa.
Homes for sale in 75454.
TBD FM 51
Decatur, TX 76234
List Price$5,963,750
Listing #20886478
About This Property
This expansive 183-acre property offers a unique opportunity for developers, investors, or those looking to build a private retreat, minutes from the thriving city of Decatur. The property features approximately 1,928 feet of prime road frontage along FM 51, providing easy access and excellent visibility. With diverse terrain, including open fields and scattered tree cover, the land presents numerous possibilities for residential, commercial development, agricultural use, or recreational purposes. The proximity to Decatur ensures convenient access to city amenities, schools, and services, yet remains a peaceful, rural setting. This property is a rare find with endless potential, making it an excellent investment in one of North Texas's rapidly growing areas. Whether you're looking to create a residential community, start an agricultural operation, or simply enjoy the wide-open spaces, this land is a must-see.
Property Features
Location Information
County
Wise
Subdivision
None
Interior Features
Has Fireplace
No
Exterior Features
Water / Sewer
Electricity Available, Sewer Available, Septic Available
Current Use
Agricultural, Cattle, Grazing, Livestock, Pasture, Unim
Utilities
Electricity Available, Sewer Available, Septic Available
Possible Best Use
Agricultural, Cattle, Comme
Fencing
Barbed Wire, Perimeter, Wire
Zoning
Land Ag
Other Structures
Mobile Home
Development Status
Other
Lot Description
Acreage, Agricultural, Cleared, Hardwood Trees, Pasture, Pond on Lot, Many Trees, Wooded
Road Description
Farm to Market Road, Concrete
Lot Size in Acres
183.5
Is One Story
No
Lot Size in Sq. Ft.
7,993,260
Lot Description
Acreage, Agricultural, Cleared, Hardwood Trees, Pasture, Pond on Lot, Many Trees, Wooded
School
Elementary School District
Decatur ISD
Jr. High School
Mccarroll
Elementary School
Rann
High School
Decatur
Additional Information
Property Type
LL
Tax Annual Amount
105.0
Property SubType
Unimproved Land
Exclusions
Deer feeder and hunting blinds
Status
Active
Documents Available
Aerial, Environmental Study, Survey
Has a Home Owners Association
No
Lot Acres Source
Assessor
Similar Listings
Mortgage Calculator
$27,850
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$21,490
Monthly Tax
$4,969
Monthly Insurance
$1,391
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
Kristal Campbell, Cannon Property Management & Cannon Realty, LLC
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NTREIS - North Texas data last updated at September 14, 2025, 1:37 PM CT
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