Date
Details
Price
Change
Source
3/30/2026
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
$3,200,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
Property Description
7.4± acre corner tract located at South State Highway 5 and Meandering Way in the heart of the Fairview-McKinney growth corridor. This highly visible site offers immediate access to US-75 and SH-121, placing it minutes from Historic Downtown McKinney, Fairview Town Center, major medical facilities, and regional retail anchors. Currently ag-exempt, the property presents a compelling buy-and-hold opportunity or a near-term development play. The site is zoned CPDD (Commercial Planned Development District) - Urban Transition Sub-District, a form-based code structured for urban-style development with specific architectural and design standards. This zoning framework supports a thoughtfully designed commercial or residential product aligned with Fairview's long-term planning vision. Given its proximity to healthcare, churches, shopping, and established residential neighborhoods, the property is especially well-suited for an assisted living, memory care, or hybrid 55+ senior housing concept.
Full Property Details
Full Property Details for 650 S State Hwy 5
General
- Price: $3,200,000
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21223137
- Updated: 3/30/2026
- Added to Site: Today
Location
- County: Collin
- Subdivision: ABS A0275 JOSEPH DIXON SURVEY, TRACT 15
- Driving Directions: From 75 North, turn east onto Stacy Rd., Turn left (north) onto HWY 5 (Greenville), turn right (east) onto Meandering Way.
School Information
- Elem School District: McKinney ISD
- Midd School District: McKinney ISD
- High School District: McKinney ISD
- Elementary School: Jesse Mcgowen
- Middle School: Faubion
- High School: Mckinney
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural
Lot Features
- Lot Size (Acres): 7.396
- Lot Size (Sq. Ft.): 322,169.76
- Lot Size Source: Public Records
- Frontage: City Street, State Road
- Lot Features: Acreage, Corner Lot, Few Trees, City Lot
- Development Status: Zoned
- Zoning: CPDD
Financial Considerations
- Terms: Cash, Conventional, Owner Will Carry
Disclosures and Reports
- Property ID: 2843679
Listed by Keller Williams Realty Allen, Erin Clifford and Keller Williams Realty Allen, Courtney Peugh
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 650 S State Hwy 5 —
Erin Clifford
Keller Williams Realty Allen
Courtney Peugh
Keller Williams Realty Allen
469-400-6882
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 650 S State Hwy 5
School District:McKinney Independent School District
| Name | Grades | Distance |
|---|---|---|
Jesse Mcgowen Elementary School 4300 Columbus Drive, McKinney, TX 75070 | K-5 | 2.2 mi |
Faubion Middle School 2000 Rollins Street, McKinney, TX 75069 | 6-8 | 4.2 mi |
Mckinney High School 1400 Wilson Creek Parkway, McKinney, TX 75069 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 650 S State Hwy 5
Tax History
Tax History for 650 S State Hwy 5
Year
Property Taxes
Change
Tax Assessment
Change
2024
$16
-6%
$2,255,931
8%
2023
$17
-11%
$2,094,827
—
2022
$19
—
$2,094,827
18%
2022
$19
6%
$1,772,617
56%
2021
$18
-5%
$1,138,568
—
2020
$19
—
$1,138,568
124062%
2019
$19
-10%
$917
-3%
2018
$21
-5%
$941
-5%
2017
$22
83%
$988
92%
2016
$12
-48%
$515
-47%
2015
$23
5%
$969
1%
2014
$22
—
$957
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 650 S State Hwy 5
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 6 hours ago
- 4Beds
- 2Total Baths
Listed by Jennifer Alguire (469) 955-2918
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 13 hours ago
- 2Beds
- 1Total Bath
Listed by The Dinsmore Group (469) 878-5585
650 S State Highway 5, Fairview, TX 75069 (MLS# 21223137) is a Lots/Land property with a lot size of 7.396 acres. 650 S State Highway 5 is currently listed for $3,200,000 and was received on March 30, 2026. Want to learn more about 650 S State Highway 5? Do you have questions about finding other Lots/Land real estate for sale in Fairview? You can browse all Fairview real estate or contact a Coldwell Banker agent to request more information.