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$4,500,000 Just Listed
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Property Description
29.31 COMBINED TOTAL ACRES located in Melissa Tx, Collin County on CR 277 aka Telephone Rd. This property is unzoned and has a combination of level building area for Development of Single Family homes or a Multi Family Complex and offers seclusion by the wooded area that backs up to the North Fork of the Trinity River. Exponential growth in Melissa Tx, combined with the beautiful custom homes that surround this area make the investment in North Texas worth while. This property has 3 individual, yet separate owners, ALL 3 must contract together and close together. WILL NOT sell individually. Tract 73 has a well in place, will need well pump and pumphouse. Covenants state an HOA however it is not active or enforced. Three tracts being Tract 76 is R629400307601, Tract 16 is R629400301601 & Tract 73 is R629400307301 on the CAD. Property is Located approx 1 mile West of Hwy 75 from the Melissa Rd exit and approx 2 miles from Buc-ee's. Combo lock at pipe gated entrance. See showing instructions. Address are as follows 5215 CR 277 & 5285 CR 277 with 3rd tract being TBD.
Full Property Details
Full Property Details for 5215 Co Rd 277
General
- Price: $4,500,000
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21272390
- Updated: 5/15/2026
- Added to Site: Today
Exterior
- Exterior Features: Other, Storage
Location
- County: Collin
- Subdivision: JOHN EMERSON
- Driving Directions: Hwy 75 North, exit Melissa Rd and turn left then turn left again on CR 277 aka Telephone Rd. Property is on the right with large banner sign on metal piped gated entrance
School Information
- Elem School District: Melissa ISD
- Midd School District: Melissa ISD
- High School District: Melissa ISD
- Elementary School: Melissa
- Middle School: Melissa
- High School: Melissa
Utilities
- Water: Well
- Well: Yes
- Utility Description: Electricity Available, Overhead Utilities, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Pasture
Additional Structures
- Other Structures: Other, Storage
Lot Features
- Lot Size (Acres): 29.31
- Lot Size (Sq. Ft.): 1,276,743.6
- Lot Size Source: See Remarks
- Frontage: County Road, Gravel
- Lot Features: Acreage, Cleared, Irregular Lot, Pasture, Many Trees, Wooded
- Potential Use: Development, Multi-Family, Mini Storage, Pasture, Place of Worship, Residential, Single Family
- Trees/Vegetation: Partially Wooded, Brush
- Zoning: UNZONED
- Fencing (Description): Cross Fenced, Partial, Pipe
Water Features
- Water Front Desc.: Creek
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: ABS A0294 JOHN EMERSON SUR BLK 3 TRACTS 76-16-73
- Exclusions: Tractor, Accessories, tools, machinery, any personal materials. Conex container does convey
- Disclosures/Rstr.: Deed Restriction, Flood Plain Disclosure, Other
- Property ID: R629400307601
- Block: 3
Listed by DFW Elite, Sheri Kent
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Schools
Schools serving 5215 Co Rd 277
School District:Melissa Independent School District
| Name | Grades | Distance |
|---|---|---|
Melissa Middle School 3150 Cardinal Drive, Melissa, TX 75454 | 6-8 | 1.6 mi |
Melissa High School 3030 Milrany Lane, Melissa, TX 75454 | 9-12 | 3.2 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 5215 Co Rd 277
Date
Details
Price
Change
Source
5/15/2026
Listed
$4,500,000
—
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 5215 Co Rd 277
Year
Property Taxes
Change
Tax Assessment
Change
2024
$32
-6%
$700,000
—
2023
$34
-6%
$700,000
133%
2022
$36
—
$300,000
15%
2022
$36
-5%
$260,000
160%
2021
$38
-3%
$100,000
—
2020
$39
-2%
$100,000
5998%
2019
$40
-2%
$1,640
1%
2018
$41
-2%
$1,621
-1%
2017
$42
27%
$1,630
-4%
2016
$33
-3%
$1,690
-3%
2015
$34
3%
$1,740
-3%
2014
$33
-6%
$1,790
-4%
2013
$35
—
$1,870
—
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 5215 Co Rd 277
5215 County Road 277, Melissa, TX 75454 (MLS# 21272390) is a Lots/Land property with a lot size of 29.31 acres. 5215 County Road 277 is currently listed for $4,500,000 and was received on May 15, 2026. Want to learn more about 5215 County Road 277? Do you have questions about finding other Lots/Land real estate for sale in Melissa? You can browse all Melissa real estate or contact a Coldwell Banker agent to request more information.

