700 S DEER PARK ROAD, DECATUR, TX 76234

Homes for sale in Decatur.

Homes for sale in 76234.


700 S Deer Park Road

Decatur, TX 76234

Status of the property has changed, please contact for details

List Price$1,850,000

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

Listing #21159944

8.5

Acres

Lots / Land

Type

About This Property

Exceptional opportunity to acquire 8.5 acres of shovel-ready, entitled 60-unit townhome development site in the rapidly expanding Hwy 380 growth corridor of Decatur, Texas. Positioned just south of Hwy 380, this site offers excellent access and visibility within one of North Texas' most active residential expansion zones. The property is fully entitled for 60 townhome units, allowing a developer to move directly into construction with minimal entitlement risk. The site is ideally suited for for-sale townhomes, build-to-rent product, or a hybrid residential strategy, catering to strong regional demand driven by population growth, employment expansion, and ongoing infrastructure investment. Surrounded by new residential communities, retail, and commercial development, the location benefits from proximity to major regional routes connecting Denton, Fort Worth, and the greater DFW Metroplex. Utilities are available nearby, and the site configuration supports efficient unit layout and absorption. This offering represents a rare, turnkey development opportunity in an undersupplied submarket with proven demand for quality townhome product. Highlights:     *    60-unit entitled townhome development site     *    Shovel-ready status (8.5 acres) *. Plans and permits approved     *    Prime Hwy 380 corridor location     *    Strong residential growth market     *    Ideal for for-sale or build-to-rent development     *    Convenient access to Denton, Fort Worth, and DFW  *  Potential builder incentives

Property Features

Location Information

County

Wise

Subdivision

NA

Interior Features

Has Fireplace

No

Exterior Features

Utilities

Electricity Available, Natural Gas Available, Sewer Available, Water Available

Zoning

61-Unit Shovel-Ready Townhome Residential (TH) Dev

Lot Description

Acreage, Level

Development Status

Site Plan Approved, Zoned

Lot Size in Acres

8.5

Is One Story

No

Lot Size in Sq. Ft.

370,260

Lot Description

Acreage, Level

School

Elementary School District

Decatur ISD

Jr. High School

Mccarroll

Elementary School

Carson

High School

Decatur

Additional Information

Property Type

LL

Status

Active

Property SubType

Improved Land

Has a Home Owners Association

No

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Mortgage Calculator

$8,638

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$6,666

Monthly Tax

$1,541

Monthly Insurance

$431

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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