Date
Details
Price
Change
Source
1/15/2026
Listed
$2,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,450,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 550 Co Rd 297
General
- Price: $2,450,000
- Taxes: $103
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21139838
- Updated: 1/16/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Cathedral Ceiling(s), High Speed Internet, Cable TV
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Decorative
- Appliances: Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 6
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Deck
Parking
- Carports: Yes
- Carport Spaces: 5
- Covered Spaces: 5
- Parking Features: Additional Parking
Location
- County: Cooke
- Subdivision: Mcelroy Jc
- Driving Directions: Use only Google maps. Apple maps gives incorrect directions.
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, Electric
- Heating Type: Central, Heat Pump
Utilities
- Sewer: Septic Tank
- Water: Public
- Cable Available: Yes
- Utility Description: Septic Available, Sewer Not Available, Underground Utilities, Water Available, Cable Available
Structural Information
- Architectural Style: Barndominium
- Detached/Attached: Attached
- Construction: Aluminum Siding
- Roof: Composition
- Stories/Levels: 1
- Living Area: 3,870 Sq. Ft.
- Current Bldg. Use: Agricultural, Commercial, Investment, Recreational
- Year Built: 2024
Lot Features
- Lot Size (Acres): 55.22
- Lot Size (Sq. Ft.): 2,405,383.2
- Lot Size Source: Assessor
- Frontage: County Road
- Topography: Level
- Lot Features: Acreage, Agricultural, Cleared, Pasture, Level
- Potential Use: Agricultural, Cattle, Commercial, Development, Grazing, Horses, Industrial, Investment, Livestock, Multi-Family, Mixed Use, Pasture, Ranch, Residential, Recreational, Subdevelopment
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $103
- Terms: Cash, Conventional, 1031 Exchange, Texas Vet, VA Loan
Disclosures and Reports
- Documents Avail.: Survey
- Legal Description: MCELROY JC 0711 ACRES 54.22;MCELROY JC 0711 ACRE 1
- Disclosures/Rstr.: Easement(s)
- Property ID: 87373
Listed by Lake & Country Realty, LLC, Lynda Weaver and Lake & Country Realty, LLC, Kimberly Tillman
We Value Your Privacy
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Listing agents
— 550 Co Rd 297 —
Lynda Weaver
Lake & Country Realty, LLC
Kimberly Tillman
Lake & Country Realty, LLC
940-580-2240
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 550 Co Rd 297
School District:Callisburg Independent School District
| Name | Grades | Distance |
|---|---|---|
Callisburg Elementary School 648 Fm 3164, Gainesville, TX 76240 | PK-5 | 2.1 mi |
Callisburg Middle School 308 Dozier Street, Callisburg, TX 76240 | 6-8 | 8 mi |
Callisburg High School 308 Dozier Street, Callisburg, TX 76240 | 9-12 | 8 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 550 Co Rd 297
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This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
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550 County Road 297, Gainesville, TX 76240 (MLS# 21139838) is a Single Family property with 6 bedrooms, 5 full bathrooms and 1 partial bathroom. 550 County Road 297 is currently listed for $2,450,000 and was received on January 15, 2026. Want to learn more about 550 County Road 297? Do you have questions about finding other Single Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.