Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the left when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.
Lot/land
$2,495,000
4647 Fm 982, Princeton, TX 75407
--beds
--baths
7.66Acres
Improved Land
Built in 1960
7.66 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Overlooking lake lavon
- 143 days |
- 99 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
David Gloria 0408427 214-509-0808,
Ebby Halliday, Realtors 214-509-0808
Source: NTREIS,MLS#: 21179493
Facts & features
Interior
Property
Features
- Fencing: Fenced,Gate
- Has view: Yes
- View description: Water
- Has water view: Yes
- Waterfront features: Lake Front
Lot
- Size: 7.66 Acres
- Features: Acreage, Agricultural, Cleared, Backs to Greenbelt/Park, Irregular Lot, Few Trees
- Residential vegetation: Partially Wooded
Details
- Parcel number: R689000413101
- Zoning description: Un-zoned. In the county, not ETJ.
Utilities & green energy
- Sewer: Septic Tank
- Water: Community/Coop
- Utilities for property: Electricity Connected, Propane, Phone Available, Sewer Available, Septic Available, Separate Meters, Water Available
Community & HOA
Community
- Subdivision: Sd Terry Surv Abs #890
HOA
- Has HOA: No
Location
- Region: Princeton
Financial & listing details
- Tax assessed value: $266,673
- Annual tax amount: $3,834
- Date on market: 2/13/2026
- Cumulative days on market: 144 days
- Listing terms: Cash,Conventional,1031 Exchange,Owner May Carry,Other
- Exclusions: All personal property
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Listed for sale | $2,495,000+940% |
Source: NTREIS #21179493 Report a problem | ||
| 5/20/2015 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 5/7/2015 | Pending sale | $239,900 |
Source: Keller Williams - Plano #13129114 Report a problem | ||
| 4/28/2015 | Price change | $239,900-4% |
Source: Keller Williams - Plano #13129114 Report a problem | ||
| 4/13/2015 | Listed for sale | $249,900 |
Source: Keller Williams - Plano #13129114 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,098 +16.6% | $266,673 +50.7% |
| 2024 | $1,798 -25.8% | $177,000 +8.6% |
| 2023 | $2,425 -0.6% | $162,930 +12% |
| 2022 | $2,439 +44.1% | $145,500 +47% |
| 2021 | $1,693 +3.4% | $99,000 +4.2% |
| 2020 | $1,637 -4.5% | $95,000 +1.1% |
| 2019 | $1,715 -2.3% | $94,000 +0.8% |
| 2018 | $1,755 +3.6% | $93,276 +1.3% |
| 2017 | $1,694 | $92,114 +3.8% |
| 2016 | $1,694 +45% | $88,732 +41.7% |
| 2015 | $1,168 | $62,603 +3.8% |
| 2014 | $1,168 | $60,315 +36.1% |
| 2013 | -- | $44,315 +0.9% |
| 2012 | -- | $43,914 -2.1% |
| 2011 | -- | $44,850 -1.8% |
| 2010 | -- | $45,650 -1.8% |
| 2009 | -- | $46,481 -13.4% |
| 2008 | -- | $53,654 -22.6% |
| 2007 | -- | $69,351 +32.2% |
| 2006 | -- | $52,456 -0.8% |
| 2005 | -- | $52,904 +3.1% |
| 2003 | -- | $51,314 +23.2% |
| 2002 | -- | $41,648 +10% |
| 2001 | -- | $37,862 +5.2% |
| 2000 | -- | $35,986 |
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: 75407
Nearby schools
GreatSchools rating
- 5/10MAYFIELD ELGrades: PK-5Distance: 1.9 mi
- 6/10Mattei MiddleGrades: 6-8Distance: 1.3 mi
- 5/10Princeton High SchoolGrades: 9-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: James
- Middle: Mattei,Huddleston
- High: Lovelady,Princeton
- District: Princeton 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
- Collin County
- Princeton
- 75407
- 4647 Fm 982
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