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$1,190,000 -$100,000 (-7.75%) Price Reduced
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Property Description
Exceptional 13.77-acre Family Compound opportunity in Collin County offering unmatched flexibility with NO HOA and NO city building restrictions (septic permit required). This rare multi-use estate is perfectly suited for multi-generational living, a home-based business, or a private retreat, with infrastructure already in place to support a wide range of lifestyles. The main residence spans approximately 5,269 square feet and is thoughtfully designed for extended living, featuring five bedrooms, seven bathrooms, three living areas, and two full kitchens. Dual primary suites provide ideal separation and privacy for multiple households. Originally built in 2007 and expanded in 2022, the home has been refreshed with new flooring, paint, and updated trim. A separate 1,638-square-foot guest house includes two bedrooms, full kitchen, and living area, plus an attached office and warehouse space, making it ideal for income-producing opportunities, business operations, or private workspace. The outdoor environment is built for both relaxation and entertaining, highlighted by a 2023 custom pool and spa with waterfalls, fountains, sun shelf, and dedicated pool bath. The fully fenced and gated acreage includes a barn, pond, and open land suitable for livestock, recreation, or future expansion. The property currently benefits from an agricultural exemption (hay production) for reduced property taxes. Additional features include owned solar panels, backup generator, and three newer HVAC systems, providing efficiency and peace of mind. Properties offering this level of land, infrastructure, and flexibility-especially configured for a true family compound-are increasingly rare in Collin County.
Full Property Details
Full Property Details for 1627 FM547
General
- Price: $1,190,000
- Taxes: $4,604
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 21171025
- Updated: 5/14/2026
- Added to Site: 98 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Granite Counters, High Speed Internet, In-Law Floorplan, Multiple Master Suites, Open Floorplan, Cable TV, Walk-In Closet(s), Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Wood Burning
- Appliances: Double Oven, Dishwasher, Electric Cooktop, Disposal, Microwave
- Flooring: Hardwood, Luxury Vinyl Plank, Tile
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 4
- Half Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Additional Information
- Pool: Yes
- Pool Description: Gunite, In Ground, Pool, Pool/Spa Combo, Waterfall, Water Feature
Exterior
- Exterior Features: Private Entrance, Storage
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 4
- Covered Spaces: 4
- Parking Features: Additional Parking, Door-Single, Epoxy Flooring, Electric Gate, Garage, Garage Door Opener, Guest, Inside Entrance, Garage Faces Side
Location
- County: Collin
- Subdivision: none
- Driving Directions: Use your favorite mapping app. From 380 - take 547 south. The property will be on your left.
School Information
- Elem School District: Farmersville ISD
- Midd School District: Farmersville ISD
- High School District: Farmersville ISD
- Elementary School: Farmersville
- High School: Farmersville
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Cable Available: Yes
- Utility Description: Electricity Connected, Propane, Septic Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached, Farmhouse
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Living Area: 5,269 Sq. Ft.
- Year Built: 2007
Additional Structures
- Other Structures: Guest House, Outbuilding, Second Residence, Barn(s), Stable(s)
Lot Features
- Lot Size (Acres): 13.77
- Lot Size (Sq. Ft.): 599,821.2
- Lot Features: Acreage, Agricultural, Cleared
- Fencing (Description): Metal
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $4,604
Disclosures and Reports
- Legal Description: ABS A0970 T J WHELLER SURVEY, TRACT 10, 13.77
- Property ID: R6970000010U1
Listed by Patton International Propertie, Lynn Hendrix and Patton International Propertie, Myla Patton
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Schools
Schools serving 1627 FM547
School District:Farmersville Independent School District
| Name | Grades | Distance |
|---|---|---|
Tatum Elementary School 405 North Washington Street, Farmersville, TX 75442 | PK-1 | 3 mi |
Farmersville Intermediate School 807 North Main Street, Farmersville, TX 75442 | 2-5 | 3.3 mi |
Farmersville J High School 501 South State Highway 78, Farmersville, TX 75442 | 6-8 | 3.5 mi |
Farmersville High School 499 South State Highway 78, Farmersville, TX 75442 | 9-12 | 3.3 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 1627 FM547
Date
Details
Price
Change
Source
5/14/2026
Price Reduced
$1,190,000
-7.75%
MLS
2/05/2026
Listed
$1,290,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1627 FM547
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,902
13%
$603,724
17%
2023
$3,460
22%
$514,493
-1%
2022
$2,847
—
$517,269
51%
2022
$2,847
—
$343,265
-38%
2021
$2,847
192%
$554,777
23%
2020
$975
-79%
$451,641
44%
2019
$4,601
16%
$313,940
26%
2018
$3,956
7%
$250,041
8%
2017
$3,682
4%
$231,279
10%
2016
$3,540
7%
$210,740
10%
2015
$3,319
8%
$191,137
9%
2014
$3,061
12%
$175,112
10%
2013
$2,743
—
$159,359
—
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 1627 FM547
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