Date
Details
Price
Change
Source
6/24/2025
Listed
$5,227,200
—
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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Property Description
Exceptional opportunity for investors and developers to acquire 10 acres of unzoned, unrestricted land in one of North Texas' fastest-growing areas. Strategically located between FM 1385 and FM 2931, this property offers outstanding frontage and exposure along a major growth corridor - surrounded by new residential and commercial development. Positioned at the front of a planned 350-acre residential community, this property is primed for commercial, mixed-use, or income-producing development. With Denton County's booming population and infrastructure expansion, the location offers long-term value and short-term opportunity. Investment Highlights: *10 acres (two 5-acre tracts) with excellent road frontage and high visibility *Unzoned & unrestricted in the county - ideal for retail, office, flex space, storage, or mixed-use *Two existing homes on site - suitable for interim use as rental units, site offices, or short-term income *High traffic counts and strong surrounding residential demand *Minimal holding costs with flexible exit strategies - develop now or land bank for future appreciation. With continued expansion along FM 1385 and nearby thoroughfares, this property offers the ideal footprint for scalable development in a high-demand submarket. Bring your vision and capitalize on the momentum.
Full Property Details
Full Property Details for 12153 Mustang Rd
General
- Price: $5,227,200
- Taxes: $4,549
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 20980137
- Updated: 12/19/2025
- Added to Site: 207 day(s) ago
Location
- County: Denton
- Subdivision: I Walters
- Driving Directions: Head East on HWY 380 from Denton. Go North on FM 2931 to a 4 way stop, cont. North and turn Right (East) on Mustang Road. GPS address
School Information
- Elem School District: Pilot Point ISD
- Midd School District: Pilot Point ISD
- High School District: Pilot Point ISD
- Elementary School: Pilot Point
- Middle School: Pilot Point
- High School: Pilot Point
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Natural Gas
Utilities
- Sewer: Aerobic Septic
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Septic Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Residential, Single Family
- Year Built: 2000
Lot Features
- Lot Size (Acres): 10
- Lot Size (Sq. Ft.): 435,600
- Lot Size Source: Public Records
- Lot Features: Acreage, Interior Lot, Pasture, Subdivided, Few Trees
- Zoning: Unzoned
Financial Considerations
- Tax Amount: $4,549
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: A1329A I WALTERS, TR 38 & TR 39 Old DCAD
- Property ID: R112225
- Lot Number: 38&39
Listed by Texas Homes and Land, Coryann Johnson
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 12153 Mustang Rd —
Coryann Johnson
Texas Homes and Land
214-908-5468
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 12153 Mustang Rd
School District:Pilot Point Independent School District
| Name | Grades | Distance |
|---|---|---|
Pilot Point Elementary School 829 South Jefferson Street, Pilot Point, TX 76258 | PK-2 | 5 mi |
Pilot Point Intermediate School 501 East Carroll Street, Pilot Point, TX 76258 | 3-6 | 5.9 mi |
Pilot Point Selz Middle School 828 South Harrison Street, Pilot Point, TX 76258 | 7-8 | 5 mi |
Pilot Point High School 1300 North Washington Street, Pilot Point, TX 76258 | 9-12 | 6.3 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 12153 Mustang Rd
Tax History
Tax History for 12153 Mustang Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,482
12%
$592,431
15%
2023
$3,108
—
$514,537
-14%
2023
$3,108
196%
$600,000
209%
2021
$1,051
-72%
$194,273
-56%
2022
$3,808
236%
$438,015
133%
2020
$1,132
-57%
$188,234
14%
2018
$2,641
-2%
$165,514
-9%
2019
$2,703
—
$180,992
8%
2017
$2,698
8%
$167,817
9%
2016
$2,499
2%
$154,429
3%
2015
$2,439
8%
$149,465
9%
2014
$2,253
-7%
$137,184
-6%
2013
$2,417
—
$146,059
—
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 12153 Mustang Rd
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12153 Mustang Road, Pilot Point, TX 76258 (MLS# 20980137) is a Lots/Land property with a lot size of 10 acres. 12153 Mustang Road is currently listed for $5,227,200 and was received on June 24, 2025. Want to learn more about 12153 Mustang Road? Do you have questions about finding other Lots/Land real estate for sale in Pilot Point? You can browse all Pilot Point real estate or contact a Coldwell Banker agent to request more information.