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$298,000
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Property Description
Prime .23 Acre Lot for Sale - Residential or Commercial Use!* Incredible opportunity to own a versatile .23-acre lot located in a high-traffic area this corner lot offers outstanding visibility and accessibility, making it perfect for commercial development, investment, or residential use. Surrounded by established businesses, restaurants, shopping centers, and essential services, this lot is situated in one of the most desirable and fastest-growing areas in town. Whether you're looking to build your dream home or establish your next business venture, this location offers endless potential. Don't miss your chance** to invest in a rare property that combines **location, exposure, and flexibility.** Utilities available. Drive by today and imagine the possibilities!
Full Property Details
Full Property Details for 507 S McDonald St
General
- Price: $298,000
- Taxes: $1,683
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 20975477
- Updated: 6/19/2025
- Added to Site: 213 day(s) ago
Location
- County: Collin
- Subdivision: Shorts Add
- Driving Directions: Use google maps directions
School Information
- Elem School District: McKinney ISD
- Midd School District: McKinney ISD
- High School District: McKinney ISD
- Elementary School: Finch
- Middle School: Dowell
- High School: Mckinney
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,018.8
- Lot Features: Irregular Lot
- Development Status: Other
- Zoning: Residential or commercial use
Financial Considerations
- Tax Amount: $1,683
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: SHORTS ADDITION (CMC), BLOCK 17, LOT 4A
- Property ID: R0941017004A1
- Block: 17
- Lot Number: 4A
Listed by Encore Fine Properties, Lizeth Gonzalez
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Schools
Schools serving 507 S McDonald St
School District:McKinney Independent School District
| Name | Grades | Distance |
|---|---|---|
Finch Elementary School 1205 South Tennessee Street, McKinney, TX 75069 | K-5 | 0.5 mi |
Dowell Middle School 301 S E Rdg Rd, McKinney, TX 75070 | 6-8 | 4.8 mi |
Mckinney High School 1400 Wilson Creek Parkway, McKinney, TX 75069 | 9-12 | 1.2 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 507 S McDonald St
Date
Details
Price
Change
Source
6/19/2025
Listed
$298,000
—
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 507 S McDonald St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$125
-15%
$202,500
113%
2023
$147
-86%
$95,000
—
2022
$1,049
—
$95,000
-66%
2022
$1,049
-3%
$282,986
32%
2021
$1,082
6%
$214,904
6%
2020
$1,016
-67%
$203,464
47%
2019
$3,124
5%
$138,225
10%
2018
$2,987
8%
$125,659
10%
2017
$2,778
8%
$114,235
10%
2016
$2,578
7%
$103,850
10%
2015
$2,417
10%
$94,409
10%
2014
$2,206
1%
$85,826
2%
2013
$2,177
—
$84,479
—
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 507 S McDonald St
507 S McDonald Street, McKinney, TX 75069 (MLS# 20975477) is a Lots/Land property with a lot size of 0.23 acres. 507 S McDonald Street is currently listed for $298,000 and was received on June 19, 2025. Want to learn more about 507 S McDonald Street? Do you have questions about finding other Lots/Land real estate for sale in McKinney? You can browse all McKinney real estate or contact a Coldwell Banker agent to request more information.

