4647 FM 982, PRINCETON, TX 75407
Homes for sale in Princeton.
Homes for sale in 75407.
4647 Fm 982
Princeton, TX 75407
List Price$2,495,000
Listing #21179493
About This Property
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.
Property Features
Location Information
County
Collin
Subdivision
SD Terry Surv Abs #890
Interior Features
Has Fireplace
No
Cooling
Central Air
Heating
Propane
Exterior Features
Water / Sewer
Electricity Connected, Propane, Phone Available, Sewer Available, Septic Available, Separate Meters, Water Available
Zoning
Un-zoned. In the county, not ETJ.
Utilities
Electricity Connected, Propane, Phone Available, Sewer Available, Septic Available, Separate Meters, Water Available
Waterfront Description
Lake Front
Fencing
Fenced, Gate
Has Waterfront
Yes
Lot Description
Acreage, Agricultural, Cleared, Backs to Greenbelt/Park, Irregular Lot, Few Trees
Has View
Yes
Lot Size in Acres
7.66
View Description
Water
Lot Size in Sq. Ft.
333,669
Is One Story
No
Current Use
Agricultural, Residential, Single Family
Lot Description
Acreage, Agricultural, Cleared, Backs to Greenbelt/Park, Irregular Lot, Few Trees, Lake Front
Possible Best Use
Agricultural, Commercial, D
School
Elementary School District
Princeton ISD
Jr. High School
Mattei
Elementary School
James
High School
Lovelady
Additional Information
Property Type
LL
Tax Annual Amount
3834.0
Property SubType
Improved Land
Exclusions
All personal property
Year Built
1960
Documents Available
Aerial
Status
Active
Lot Acres Source
Assessor
Has a Home Owners Association
No
Similar Listings
Mortgage Calculator
$11,651
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$8,990
Monthly Tax
$2,079
Monthly Insurance
$582
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
David Gloria, Ebby Halliday, Realtors
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NTREIS - North Texas data last updated at February 23, 2026, 6:24 PM CT
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