Date
Details
Price
Change
Source
2/13/2026
Listed
$2,495,000
—
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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1/31
$2,495,000
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1/31
Property Description
Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house and 3 cabins or tiny homes that are all very nicely finished out, and could be income producing rentals. 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 left 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 4647 FM982
General
- Price: $2,495,000
- Taxes: $3,834
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21179493
- Updated: 2/13/2026
- Added to Site: 24 day(s) ago
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.
School Information
- Elem School District: Princeton ISD
- Midd School District: Princeton ISD
- High School District: Princeton ISD
- Elementary School: James
- Middle School: Mattei
- High School: Lovelady
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Propane
Utilities
- Sewer: 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
- Current Bldg. Use: Agricultural, Residential, Single Family
- Year Built: 1960
Lot Features
- Property View: Water
- Lot Size (Acres): 7.66
- Lot Size (Sq. Ft.): 333,669.6
- Lot Size Source: Assessor
- Lot Features: Acreage, Agricultural, Cleared, Backs to Greenbelt/Park, Irregular Lot, Few Trees
- Potential Use: Agricultural, Commercial, Development, Industrial, Investment, Mixed Use, Place of Worship
- Trees/Vegetation: Partially Wooded
- Zoning: Un-zoned. In the county, not ETJ.
- Fencing (Description): Fenced, Gate
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- Tax Amount: $3,834
- Terms: Cash, Conventional, 1031 Exchange, Owner May Carry, Other
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: ABS A0890 S D TERRY SURVEY, SHEET 4, TRACT 13
- Exclusions: All personal property
- Property ID: R689000413101
- Block: 4
Listed by Ebby Halliday, Realtors, David Gloria
We Value Your Privacy
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Listing agent
— 4647 FM982 —
David Gloria
Ebby Halliday, Realtors
214-509-0808
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 4647 FM982
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 4.5 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 4647 FM982
Tax History
Tax History for 4647 FM982
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,798
-26%
$266,673
51%
2023
$2,424
-1%
$177,000
9%
2022
$2,439
—
$162,930
12%
2022
$2,439
44%
$145,500
47%
2021
$1,692
3%
$99,000
4%
2020
$1,637
-5%
$95,000
1%
2019
$1,715
-2%
$94,000
1%
2018
$1,755
1%
$93,276
1%
2017
$1,743
3%
$92,114
4%
2016
$1,694
40%
$88,732
42%
2015
$1,206
3%
$62,603
4%
2014
$1,168
44%
$60,315
36%
2013
$811
—
$44,315
—
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 4647 FM982
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- Single Family
- Active
- Updated 20 hours ago
- 3Beds
- 2Total Baths
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4647 Fm 982, Princeton, TX 75407 (MLS# 21179493) is a Lots/Land property with a lot size of 7.66 acres. 4647 Fm 982 is currently listed for $2,495,000 and was received on February 13, 2026. Want to learn more about 4647 Fm 982? 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.