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$4,250,000
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Property Description
Prime 20-acre hard corner just outside Princeton city limits at CR 456 and CR 490 offering exceptional potential for developers, investors, or users seeking a high-visibility tract in the path of growth. Property features approx. 1,210 feet of frontage on CR 456 and approx. 650 feet on CR 490. Improvements include an established wedding and event venue with a 2,709 SF main building, a 1,260 SF ancillary building with bride and groom dressing rooms, restrooms, caterer's kitchen, and storage, plus additional storage building and approx. 15,100 SF of gravel parking. Paved walkways lead to an outdoor hillside ceremony area with pergola and benches overlooking the large scenic pond. Also included are a 1,477 SF main residence with 3 bedrooms and 2 baths and a 1,104 SF guest house with 1 bedroom, 1 bath, and 1-car garage. Property also offers a fishing dock, a pond-side gazebo, covered parking and gathering area, garden area, and additional storage. Land is currently under ag exemption. Within City of Princeton water and sewer CCN pending final approval. Ideal for multifamily, business park, mixed-use, continued event use, or future development.
Full Property Details
Full Property Details for 190 Cr-490
General
- Price: $4,250,000
- Taxes: $3,108
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21215018
- Updated: 3/23/2026
- Added to Site: 50 day(s) ago
Location
- County: Collin
- Subdivision: Willow Pond Add
- Driving Directions: Site location of residence on property is 1491 CR 456, Princeton 75407
- Dist. to Street: 1860
School Information
- Elem School District: Princeton ISD
- Midd School District: Princeton ISD
- High School District: Princeton ISD
- Elementary School: Godwin
- Middle School: Clark
Utilities
- Sewer: Aerobic Septic
- Utility Description: Septic Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Commercial, Residential, Single Family, See Remarks
- Year Built: 1989
Lot Features
- Lot Size (Acres): 20
- Lot Size (Sq. Ft.): 871,200
- Frontage: County Road, City Street, All Weather Road, Asphalt
- Lot Features: Acreage, Agricultural, Corner Lot, Few Trees
- Zoning: Not Zoned
Financial Considerations
- Tax Amount: $3,108
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: WILLOW POND ADDITION (GCN), BLK A, LOT 1
- Property ID: R1173000A00101
- Block: A
- Lot Number: 1
Listed by Bois d'Arc Realty, Inc., Bruce Roberts
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Schools
Schools serving 190 Cr-490
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Godwin Elementary School 1019 North 6th Street, Princeton, TX 75407 | PK-5 | 1.7 mi |
Clark Middle 301 Panther Parkway, Princeton, TX 75407 | 6-8 | 1.3 mi |
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 1 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 190 Cr-490
Date
Details
Price
Change
Source
3/23/2026
Listed
$4,250,000
—
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 190 Cr-490
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,723
-4%
$745,810
2%
2023
$11,162
16%
$731,937
-2%
2022
$9,619
—
$750,082
31%
2022
$9,619
42%
$573,708
45%
2021
$6,771
38%
$396,072
39%
2020
$4,919
1052%
$285,388
1120%
2019
$427
—
$23,392
—
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 190 Cr-490
190 Cr-490, Princeton, TX 75407 (MLS# 21215018) is a Lots/Land property with a lot size of 20 acres. 190 Cr-490 is currently listed for $4,250,000 and was received on March 23, 2026. Want to learn more about 190 Cr-490? Do you have questions about finding other Lots/Land real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.

