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For sale
  • Price cut: $110K (4/30)
    $2,340,000

    550 County Road 297, Gainesville, TX 76240

    6beds
    3,870sqft
    : 
    $18,065/mo
    Get pre-qualified
    Single Family Residence
    Built in 2024
    55.22 Acres Lot
    $2,209,800 Zestimate®
    $605/sqft
    $-- HOA

    What's special

    Fantastic investment opportunity in the fast growing Golden North Texas corridor - north of Aubrey and Celina, and east of Lake Kiowa. Sailer Resort is a fully furnished, 55.22 acre estate that is AG exempt with NO deed restrictions and it doesn't lie within a flood zone. This incredible property offers unmatched flexibility for a multitude of event types, investment or personal use. Launched in March 2025, the resort secured a diverse range of bookings through year-end across celebrations, weddings, family reunions, proms, graduations, and corporate retreats prior to any formal marketing being done - indicating a strong market demand for this facility. Features include: a 6-bedroom, 5.5-bath Grand Villa with indoor event space for ~120 guests. An ~4,500 sq ft outdoor event deck for ~240 guests. Outdoor wedding venue for ~330 guests. 12’x20’ cottage storage area with event support gear and a wide variety of indoor and outdoor games for all ages. The remaining 50+ acres of open land offers long-term potential for the owner—expanding the existing facility, ideal for subdividing, group ownership, or holding as development expands from Lake Ray Roberts to Universal Studios to billion-dollar chip plants to the east. Whether you’re seeking a private retreat, a group investment, or an income-generating asset, Sailer Resort delivers lifestyle, cash flow, and appreciation—all in one turn-key opportunity. See resort flyer and 2006 survey in Transaction Desk. Call for an appointment now.
    193 days
    |
    271
    |
    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Lynda Weaver 0682775 940-580-2240,

    Lake & Country Realty, LLC 940-580-2240

    Source: NTREIS,MLS#: 21139838

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: First
      • Dimensions: 10 x 18
      Dining room
      • Level: First
      • Dimensions: 20 x 18
      Game room
      • Level: First
      • Dimensions: 10 x 20
      Living room
      • Level: First
      • Dimensions: 55 x 30
      Heating
      • Central, Heat Pump
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal
      Features
      • Cathedral Ceiling(s), High Speed Internet, Cable TV
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Decorative
      Interior area
      • Total interior livable area: 3,870 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 5
      • Parking features: Additional Parking
      • Carport spaces: 5
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck
      • Pool features: None
      Lot
      • Size: 55.22 Acres
      • Features: Acreage, Agricultural, Cleared, Pasture, Level
      • Topography: Level
      Details
      • Parcel number: 87373

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Barndominium
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Materials
      • Aluminum Siding
      • Roof: Composition
      Condition
      • Year built: 2024

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Septic Available, Sewer Not Available, Underground Utilities, Water Available, Cable Available

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Mcelroy Jc
      HOA
      • Has HOA: No
      Location
      • Region: Gainesville

      Financial & listing details

      • Price per square foot: $605/sqft
      • Annual tax amount: $103
      • Date on market: 1/15/2026
      • Cumulative days on market: 194 days
      • Listing terms: Cash,Conventional,1031 Exchange,Texas Vet,VA Loan

        Estimated market value

        $2,209,800

        $2.10M - $2.32M

        $3,778/mo

        Price history

        DateEventPrice
        4/30/2026Price change$2,340,000-4.5%$605/sqft
        Source: NTREIS #21139838 Report a problem
        1/15/2026Listed for sale$2,450,000-26.6%$633/sqft
        Source: NTREIS #21139838 Report a problem
        5/14/2025Listing removed$3,339,999$863/sqft
        Source: NTREIS #20849713 Report a problem
        2/20/2025Listed for sale$3,339,999$863/sqft
        Source: NTREIS #20849713 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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: 76240

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Callisburg
        • Middle: Callisburg
        • High: Callisburg
        • District: Callisburg ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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