1304 County Road 115, Gainesville, TX 76240 - Photo 1

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$3,450,000 -$650,000 (-15.85%) Price Reduced

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Active
Lots/Land
40.4 Acres
Updated 14 hours ago

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Property Description

Prime Investment Opportunity - Three Custom-Built Quadplexes on 40 Acres Seize this rare investment opportunity featuring three custom-built quadplexes designed for quality and efficiency. Each unit boasts wide plank tile flooring, granite countertops, a full appliance package, and spray foam insulation for energy efficiency. Nestled in a tranquil, rolling landscape under a canopy of mature trees, this property offers both privacy and scenic beauty. Beyond the quadplexes, 40 acres of prime land provide endless possibilities for future development, including residential lots, RV parking, or other ventures. Enjoy breathtaking hilltop views and the convenience of being less than a mile from Callisburg High School. Whether you're looking to expand a rental portfolio or develop a thriving community, this property is a versatile and lucrative opportunity in a rapidly growing area. Don't miss out-schedule a viewing today!

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Full Property Details

Full Property Details for 1304 Co Rd 115

General

Price: $3,450,000
Taxes: $30,301
Status: Active
Type: Lots/Land
Source: NTREIS
MLS ID: 20945924
Updated: 2/16/2026
Added to Site: 269 day(s) ago

Exterior

Exterior Features: Lighting, RV Hookup
Porch/Patio/Deck: Covered

Location

County: Cooke
Subdivision: Fcsl
Driving Directions: Hwy 82 East to FM 678. North on FM 678 to Mc Daniel, Left on Mc Daniel and then Right on CR 115. Property is just about.6 of a mile to the North of the Callisburg High School on the Left.

School Information

Elem School District: Callisburg ISD
Midd School District: Callisburg ISD
High School District: Callisburg ISD
Elementary School: Callisburg
Middle School: Callisburg
High School: Callisburg

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air, Ceiling Fan(s), Electric
Heating Type: Central, Electric

Utilities

Sewer: Aerobic Septic
Water: Public
Utility Description: Electricity Available, Electricity Connected, Septic Available, Separate Meters, Water Available

Structural Information

Detached/Attached: Detached
Current Bldg. Use: Agricultural, Commercial, Grazing, Multi-Family, Pasture, Residential, Recreational, Single Family, Subdevelopment
Year Built: 2021

Lot Features

Lot Size (Acres): 40.4
Lot Size (Sq. Ft.): 1,759,824
Lot Size Source: Assessor
Frontage: County Road, All Weather Road, Asphalt, Gravel
Topography: Varied
Lot Features: Acreage, Agricultural, Cleared, Interior Lot, Pond on Lot, Rolling Slope, Many Trees
Potential Use: Agricultural, Commercial, Development, Grazing, Investment, Multi-Family
Zoning: Unzoned
Fencing (Description): Cross Fenced, Partial Cross

Financial Considerations

Tax Amount: $30,301
Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

Documents Avail.: Aerial, Survey
Legal Description: FCSL 1248 BLOCK 27 ACRES 5.0
Property ID: 9536
Block: 27

Listed by Tierra Real Estate, MISTY SCHMITZ

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Listing agent

— 1304 Co Rd 115 —

MISTY SCHMITZ

Tierra Real Estate

940-665-6730

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with our affiliated lender

NMLS#: 1598647

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Schools

Schools serving 1304 Co Rd 115

School District:Callisburg Independent School District

Name	Grades	Distance
Callisburg Elementary School 648 Fm 3164, Gainesville, TX 76240	PK-5	7.6 mi
Callisburg High School 308 Dozier Street, Callisburg, TX 76240	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1304 Co Rd 115 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/16/2026

Price Reduced

$3,450,000

-15.85%

MLS

5/23/2025

Listed

$4,100,000

—

MLS

Get Price Alerts and Save Property

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 1304 Co Rd 115

Year

Property Taxes

Change

Tax Assessment

Change

2024

$3,802

—

$301,038

—

2024

$3,802

-85%

$300,579

-3%

2022

$24,974

—

$308,585

-82%

2022

$24,974

1793%

$1,683,708

377%

2021

$1,319

18%

$352,762

100%

2020

$1,121

55%

-100%

2019

$725

1%

$37,215

1%

2018

$718

58%

$36,866

59%

2017

$453

-1%

$23,120

—

2016

$457

—

$23,120

—

2015

$457

26%

$23,120

—

2013

$362

2%

$23,120

24%

2012

$355

—

$18,680

—

View All

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 1304 Co Rd 115

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1304 County Road 115, Gainesville, TX 76240 (MLS# 20945924) is a Lots/Land property with a lot size of 40.4 acres. 1304 County Road 115 is currently listed for $3,450,000 and was received on May 23, 2025. Want to learn more about 1304 County Road 115? Do you have questions about finding other Lots/Land real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.

1304 Co Rd 115 Gainesville, TX 76240