550 COUNTY ROAD 297, GAINESVILLE, TX 76240

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Homes for sale in 76240.


550 County Road 297

Gainesville, TX 76240

Active

List Price$2,340,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21139838

6

Bedrooms

5 full, 1 partial

Bathrooms

3,870

Square Feet

House

Type

About This Property

Fantastic investment opportunity in the fast growing Golden North Texas corridor - north of Aubrey and Celina, and east of Lake Kiowa. Sailer Resort is a fully furnished, 55.22 acre estate that is AG exempt with NO deed restrictions and it doesn't lie within a flood zone. This incredible property offers unmatched flexibility for a multitude of event types, investment or personal use. Launched in March 2025, the resort secured a diverse range of bookings through year-end across celebrations, weddings, family reunions, proms, graduations, and corporate retreats prior to any formal marketing being done - indicating a strong market demand for this facility. Features include: a 6-bedroom, 5.5-bath Grand Villa with indoor event space for ~120 guests. An ~4,500 sq ft outdoor event deck for ~240 guests. Outdoor wedding venue for ~330 guests. 12'x20' cottage storage area with event support gear and a wide variety of indoor and outdoor games for all ages. The remaining 50+ acres of open land offers long-term potential for the owner--expanding the existing facility, ideal for subdividing, group ownership, or holding as development expands from Lake Ray Roberts to Universal Studios to billion-dollar chip plants to the east. Whether you're seeking a private retreat, a group investment, or an income-generating asset, Sailer Resort delivers lifestyle, cash flow, and appreciation--all in one turn-key opportunity. See resort flyer and 2006 survey in Transaction Desk. Call for an appointment now.

Property Features

Location Information

County

Cooke

Subdivision

Mcelroy Jc

Interior Features

Rooms

First Floor Dining Room, First Floor Game Room, First Floor Living Room, First Floor Primary Bedroom

Living Room Description

55 x 30

Interior

Cathedral Ceiling(s), High Speed Internet, Cable TV

Has Fireplace

Yes

Master Bedroom Description

10 x 18

Number of Fireplaces

1

Full Baths

5

Heating

Central, Heat Pump

1/2 Baths

1

Cooling

Central Air, Electric

Dining Room Description

20 x 18

Appliances

Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal

Exterior Features

Style

Barndominium

Pool Description

None

Stories

1

Lot Description

Acreage, Agricultural, Cleared, Pasture, Level

Construction

Aluminum Siding

Lot Size in Acres

55.22

Roof

Composition

Lot Size in Sq. Ft.

2,405,383

Utilities

Septic Available, Sewer Not Available, Underground Utilities, Water Available, Cable Available

Current Use

Agricultural, Commercial, Investment, Recreational

Security System

Smoke Detector(s)

Possible Best Use

Agricultural, Cattle, Comme

Parking Description

Additional Parking

Road Description

County Road

Garage Spaces

0

Is One Story

Yes

Patio / Deck Description

Deck

Lot Description

Acreage, Agricultural, Cleared, Pasture, Level

School

Elementary School District

Callisburg ISD

Jr. High School

Callisburg

Elementary School

Callisburg

High School

Callisburg

Additional Information

Year Built Details

Preowned

Has a Home Owners Association

No

Property Type

SFR

Tax Annual Amount

103.0

Property SubType

Single Family Residence

Documents Available

Survey

Year Built

2024

Lot Acres Source

Assessor

Status

Active

Similar Listings

Mortgage Calculator

$10,928

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$8,432

Monthly Tax

$1,950

Monthly Insurance

$546

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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