550 CR-297, GAINESVILLE, TX 76240

Homes for sale in Gainesville.

Homes for sale in 76240.


550 CR-297

Gainesville, TX 76240

Status of the property has changed, please contact for details

List Price$3,339,999

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

Listing #20849713

6

Bedrooms

5 full, 1 partial

Bathrooms

3,870

Square Feet

Farm

Type

About This Property

Fabulous Sailer Resort Ranch property located along the 'Golden Corridor' growth path north of Aubrey Celina and just east of Lake Kiowa. Sailer Resort features a Grand Villa, Large ~4,500 sq ft. Outdoor Deck, Wedding Event Venue, Amazing Outdoor and Indoor Games and more for you to cherish your memories. Located in a serene private setting, this 55.22 acre fantastic piece of Texas does NOT have any deed restrictions and is away from the FEMA 100 year flood zone. Have fun or make money out of this FULLY furnished brand new resort while you hold the remaining land until the growth catches up to you. This can be a great investment opportunity for you or a group of visionaries for its numerous options such as your personal pleasure, short term rentals, events, outdoor gaming activities etc. We had just received approvals from short term rental and events platforms and are poised to enter the market soon. This 6 bed and 5.5 bath villa is designed in such a way that it can accomodate a decent size event upto ~120 guests in the living area if weather is non-cooperative outdoors. While you explore making the best out of the rentals and events, you can plan to split the raw land into parcels and offer to your closest ones along with incentivizing their stay or events at Sailer Resort. If your plan is to hold for a few more years, then the land value should grow much higher as a reactive market is happening from major residential developments nearby to Universal Studios Resort in the south to Billions of dollars Chip Plants to the east. Do not miss this fantastic opportunity to own a ranch of yours along with creating lifelong memories for your life!

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

Dining Room Description

20 x 18

Interior

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

Living Room Description

55 x 30

Master Bedroom Description

10 x 18

Has Fireplace

Yes

Full Baths

5

Number of Fireplaces

1

1/2 Baths

1

Appliances

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

Exterior Features

Stories

1

Pool Description

None

Water / Sewer

Septic Available, Water Available, Cable Available

Lot Size in Acres

55.22

Utilities

Septic Available, Water Available, Cable Available

Lot Size in Sq. Ft.

2,405,383

Parking Description

Additional Parking

Is One Story

Yes

Garage Spaces

0

School

Elementary School District

Callisburg ISD

High School

Gainesvill

Elementary School

Chalmers

Additional Information

Property Type

FRM

Status

Active

Property SubType

Farm

Has a Home Owners Association

No

Year Built

2024

Similar Listings

Mortgage Calculator

$15,597

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$12,035

Monthly Tax

$2,783

Monthly Insurance

$779

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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