Located just outside the city limits of Leonard in growing Fannin County, this 15.78-acre tract offers an excellent opportunity for future residential development, investment, or a private homesite. With frontage along a Farm-to-Market road and nearby utilities in the area, the property combines accessibility with a Texas Country setting that is increasingly difficult to find.
Mostly wooded with level topography, this property provides flexibility for a variety of potential uses. An older home currently sits on the property and is considered to have little to no contributory value, making this a true land-focused offering with a clean slate for future improvements.
Surrounding development activity continues to support long-term potential in this area, including neighboring acreage that is currently being developed into a residential neighborhood. Whether intended for a single estate property, multiple homesites, or future development, this tract is well-positioned in one of North Texas’ steadily growing corridors.
Important to note, while portions of the surrounding area contain floodplain, this property is not located within a FEMA flood zone — a valuable designation for future planning and development.
Lot/land
$449,000
3150 Fm 272, Celeste, TX 75423
--beds
--baths
15.78Acres
Unimproved Land
Built in 1940
15.78 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 46 days |
- 30 |
- 2 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kyle Graham 0667764 214-763-2964,
Compass RE Texas, LLC. 214-814-8100
Source: NTREIS,MLS#: 21273726
Facts & features
Interior
Property
Lot
- Size: 15.78 Acres
- Features: Acreage
Details
- Parcel number: 000000079340
- Zoning description: None
Utilities & green energy
- Utilities for property: None
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Celeste
Financial & listing details
- Tax assessed value: $512,690
- Annual tax amount: $7,529
- Date on market: 5/20/2026
- Cumulative days on market: 48 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,302/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2026 | Listed for sale | $449,000 |
Source: NTREIS #21273726 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,529 +17.7% | $477,900 +20% |
| 2024 | $6,396 +9224.9% | $398,250 +144.4% |
| 2023 | $69 | $162,978 +10% |
| 2022 | -- | $148,162 +10% |
| 2021 | $69 | $134,693 +10% |
| 2020 | $69 | $122,448 +10% |
| 2019 | $69 | $111,316 -3.2% |
| 2018 | $69 | $114,961 +10% |
| 2017 | -- | $104,510 +15.3% |
| 2016 | -- | $90,660 +19.2% |
| 2015 | -- | $76,030 +2.8% |
| 2014 | -- | $73,930 -0.8% |
| 2012 | -- | $74,560 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | $47,106 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75423
Nearby schools
GreatSchools rating
- 8/10Leonard Intermediate SchoolGrades: 4-5Distance: 2.7 mi
- 8/10Leonard Junior High SchoolGrades: 6-8Distance: 2.7 mi
- 6/10Leonard High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Leonard
- High: Leonard
- District: Leonard ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Fannin County
- Celeste
- 75423
- 3150 Fm 272



