Just Reduced — 140± Acres on the Edge of Decatur. A rare opportunity to own 140± acres with an active ag exemption, sitting just outside the Decatur city limits within the ETJ. Tracts of this size, quality, and proximity rarely come to market. The property enjoys easy access to FM 51, with over 1,900 feet of frontage on Murvil Street and no deed restrictions — leaving the door wide open for continued ag use, future development, or a generational family holding. Decatur Middle and High Schools are less than 1.5 miles away, strengthening long-term residential value.
Surface water is well distributed across the tract and anchored by a 1.5-acre pond, and the entire property lies outside the designated floodplain. Groundwater is plentiful in the area, with regional wells typically running 200–400 feet. Improvements include a well-kept ~2,700 sq ft single-story home, a small RV park, and infrastructure supporting an established cattle operation — turnkey functionality and immediate income from day one.
Land like this — exempt, unrestricted, watered, improved, and minutes from town — doesn't sit long. Buyer and buyer's agent to independently verify all property details.
Lot/land
$4,850,000
3500 S Murvil St, Decatur, TX 76234
--beds
--baths
139.85Acres
Unimproved Land
Built in ----
139.85 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 299 days
- 32
- 1
Zillow last checked:
Listing updated:
Listed by:
Allen Crumley 0591264 817-480-9502,
Williams Trew Real Estate 817-732-8400
Source: NTREIS,MLS#: 21130984
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 139.85 Acres
- Features: Acreage, Agricultural, Pasture, Pond on Lot
Details
- Parcel number: 740295
- Zoning description: None
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Septic Available, Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Decatur
Financial & listing details
- Tax assessed value: $1,575,076
- Annual tax amount: $654
- Date on market: 12/11/2025
- Cumulative days on market: 300 days
- Listing terms: Cash,Conventional
- Exclusions: Minerals
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Price change | $4,850,000-8.1% |
Source: NTREIS #21130984 Report a problem | ||
| 12/11/2025 | Listed for sale | $5,280,000 |
Source: NTREIS #21130984 Report a problem | ||
| 11/5/2025 | Listing removed | $5,280,000 |
Source: Williams Trew - An Ebby Halliday Real Estate Company #20760415 Report a problem | ||
| 10/22/2024 | Listed for sale | $5,280,000 |
Source: NTREIS #20760415 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $653 -0.9% | $1,575,076 0% |
| 2024 | $659 +132.4% | $1,575,595 +2% |
| 2023 | $284 | $1,544,936 +16.7% |
| 2022 | -- | $1,323,402 +5.2% |
| 2021 | $468 -4.7% | $1,258,030 +0.1% |
| 2020 | $491 -7.6% | $1,256,280 0% |
| 2019 | $531 | $1,256,560 +15.7% |
| 2018 | $531 +19.2% | $1,085,710 +30% |
| 2017 | $446 | $835,110 |
| 2016 | -- | $835,110 |
| 2015 | -- | $835,110 +3045.4% |
| 2014 | -- | $26,550 |
| 2013 | -- | $26,550 -0.7% |
| 2012 | -- | $26,730 |
| 2011 | -- | $26,730 |
| 2010 | -- | $26,730 +23.4% |
| 2009 | -- | $21,670 |
| 2008 | -- | $21,670 |
| 2007 | -- | $21,670 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 76234
Nearby schools
Schools provided by the listing agent
- Elementary: Carson
- Middle: Mccarroll
- High: Decatur
- District: Decatur ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





