550 COUNTY ROAD 297, GAINESVILLE, TX 76240
Homes for sale in Gainesville.
Homes for sale in 76240.
550 County Road 297
Gainesville, TX 76240
List Price$2,340,000
Listing #21139838
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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