Princeton, TX 75407 4647 Fm 982
$2,495,000
26 more
- MLS# 21179493
- 02/14/2026
Presented By: Ebby Halliday, Realtors
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Year Built • 1960
Home Details
Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house and 3 cabins or tiny homes that are all very nicely finished out, and could be income producing rentals. 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.
Presented By: Ebby Halliday, Realtors
Interior Features for 4647 Fm 982
Other Interior Features
Lock Box TypeNone
General for 4647 Fm 982
CityPrinceton
CoolingCentral Air
CountyCollin
Development StatusUnzoned
DirectionsFrom Hwy 380 in Princeton go south on FM-982 to the peninsula. It will be the first property on the left when entering the peninsula. Use GPS.
It is just feet north of the FM-982 CR-444 intersection
Documents AvailableAerial Photo
EasementsUtilities
Elementary SchoolJames
Elementary School NameJames
ExclusionsAll personal property
HOA TypeNone
HeatingPropane
High SchoolLovelady
Listing Terms1031 Exchange, Cash, Conventional, Owner Carry Second, Other
Occupant TypeOwner
PossessionNegotiable
Possible UseAgricultural, Commercial, Development, Industrial, Investment, Mixed Use, Place of Worship
Property SubtypeImproved Land
Property TypeLand
RestrictionsNo Known Restriction(s)
School DistrictPrinceton ISD
Special NotesAerial Photo
Standard StatusActive
StatusActive
Subdivision NameSD Terry Surv Abs #890
Unexempt Taxes3834
UtilitiesCo-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Phone Available, Propane, Septic, Sewer Available, Unincorporated
Virtual Tour URL UnbrandedClick here
Will SubdivideYes
Year Built1960
Zoning DescriptionUn-zoned. In the county, not ETJ.
current useAgricultural, Residential
Exterior for 4647 Fm 982
FencingFenced, Gate
Frontage Feet275
Lot FeaturesAcreage, Adjacent to Greenbelt, Agricultural, Cleared, Few Trees, Irregular Lot, Water/Lake View
Lot Size5 to < 10 Acres
Lot Size Acres7.6600
Lot Size Area7.6600
Lot Size SourceAssessor
Lot Size Square Feet333669.6000
Lot Size UnitsAcres
VegetationPartially Wooded
WaterFront FeaturesLake Front – Corps of Engineers
WaterfrontYes
Additional Details
Price History
Schools
High School
N/A
Middle School
N/A
Elementary School
James Elementary School
Suzanne Smith
Broker/Owner