Date
Details
Price
Change
Source
8/20/2026
Listed
$2,295,000
—
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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1/17
$2,295,000 Just Listed
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Property Description
Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the right when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.
Full Property Details
Full Property Details for 0000 Fm 982
General
- Price: $2,295,000
- Taxes: $3,834
- Status: Active
- Type: Commercial Residential Facility
- Source: NTREIS
- MLS ID: 21365280
- Updated: 8/21/2026
- Added to Site: Today
Business
- Business Type: Agriculture, Residential
Location
- County: Collin
- Subdivision: SD Terry Surv Abs #890
- Driving Directions: From Hwy 380 in Princeton go south on FM-982 to the peninsula. It will be the first property on the left when entering the peninsula. Use GPS. It is just feet north of the FM-982 CR-444 intersection.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Propane
Utilities
- Sewer: Aerobic Septic, Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Connected, Propane, Phone Available, Sewer Available, Septic Available, Separate Meters, Water Available
Structural Information
- Detached/Attached: Detached
- Stories/Levels: 1
- Square Feet: 2,086
- Sq. Ft. Source: Assessor
- Year Built: 1960
- Property Condition: Resale
Lot Features
- Property View: Water
- Lot Size (Acres): 7.66
- Lot Size (Sq. Ft.): 333,669.6
- Lot Size Source: Assessor
- Frontage: Farm to Market Road, Asphalt
- Lot Features: Acreage, Agricultural, Cleared, Backs to Greenbelt/Park, Irregular Lot, Few Trees
- Potential Use: Other
- Zoning: Un-zoned. In the county, not ETJ.
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lavon
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- Tax Amount: $3,834
- Terms: Cash, Conventional, 1031 Exchange, Owner Will Carry, Other
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: ABS A0890 S D TERRY SURVEY, SHEET 4, TRACT 13
- Exclusions: All personal property
- Inclusions: Land & Improvements
- Property ID: R689000429401
- Block: 4
Listed by Ebby Halliday, Realtors, David Gloria
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Listing agent
— 0000 Fm 982 —
David Gloria
Ebby Halliday, Realtors
214-509-0808
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 0000 Fm 982
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0000 Fm 982, Princeton, TX 75407 (MLS# 21365280) is a Commercial Residential Facility property. 0000 Fm 982 is currently listed for $2,295,000 and was received on August 20, 2026. Want to learn more about 0000 Fm 982? Do you have questions about finding other Commercial Residential Facility real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.