507 GARRETT MORRIS PARKWAY, MINERAL WELLS, TX 76067

Homes for sale in Mineral Wells.

Homes for sale in 76067.


Active

List Price$525,000

507 Garrett Morris Parkway

Mineral Wells, TX 76067

Listing Image Listing Image Listing Image Listing Image

Listing #20805193

10

Acres

Lots / Land

Type

About This Property

Prime 10-Acre Vacant Land for Sale near Downtown Mineral Wells, TX Approximately half a mile from Hwy 180. Embrace a golden opportunity to own a sprawling 10-acre parcel of vacant land located in close proximity to the thriving downtown area of Mineral Wells, Texas. With the ongoing revitalization efforts in the heart of the city and its surrounding attractions, this property promises an exciting investment for both developers and nature enthusiasts. **Investment Opportunity:** With Mineral Wells' ongoing transformation and the allure of Lake Mineral Wells State Park nearby, this 10-acre vacant land parcel presents a unique investment opportunity. Whether you're looking to develop a residential community, commercial venture, or simply secure a piece of Texas beauty, this property is a blank canvas awaiting your creative touch. This land is adjacent to property that will contain Mineral Wells' first master-planned development in the city's history, The Wells. This is a 486 lot housing project on 113 acres, and is located on Mineral Wells' southeast corner on the east side of Garrett Morris Parkway. Ceremonial groundbreaking for this property took place in the fall of 2022. This development will include a T-ball field, a fishing area, and several picnic areas. Downtown Mineral Wells is currently undergoing a revitalization effort which includes renovation of the Crazy Water Hotel which has already re-opened and the future grand opening of the Baker Hotel and Spa. This property is also located 4 miles from Lake Mineral Wells State Park which has areas for camping, fishing, rock climbing, and hiking.

Property Features

Location Information

County

Palo Pinto

Subdivision

NA

Interior Features

Has Fireplace

No

Exterior Features

Lot Description

Acreage, Many Trees

Zoning

TBD

Lot Size in Acres

10

Road Description

County Road, Asphalt

Lot Size in Sq. Ft.

435,600

Is One Story

No

Current Use

Unimproved

Lot Description

Acreage, Many Trees

Possible Best Use

Commercial, Development, Ho

School

Elementary School District

Mineral Wells ISD

Jr. High School

Mineralwel

Elementary School

Lamar

High School

Mineralwel

Additional Information

Property Type

LL

Tax Annual Amount

3705.0

Property SubType

Unimproved Land

Documents Available

Topographical Survey, Survey

Status

Active

Lot Acres Source

Public Records

Has a Home Owners Association

No

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Mortgage Calculator

$2,450

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,891

Monthly Tax

$437

Monthly Insurance

$122

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

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