Date
Details
Price
Change
Source
5/18/2026
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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1/16
$2,495,000
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Property Description
Tremendous development opportunity or 1031 candidate. This 3 acre hard corner is right in the middle of the growth in the area. Ideal location for a retail development. This area is in great need of retail from coffee shops to clothing. 3 acres is the right size for a shopping center. However, there are no known restrictions on the property, so it could be developed into anything as it is in the county. If you need sewer, then you would need to annex into the city. Sewer is all around this property. The old structures on the property have been removed, so now it's just land. Seller financing is available.
Full Property Details
Full Property Details for 5551 FM982
General
- Price: $2,495,000
- Taxes: $12,046
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21271034
- Updated: 5/18/2026
- Added to Site: 59 day(s) ago
Location
- County: Collin
- Subdivision: SD Terry Surv Abs #890
- Driving Directions: Located on the Peninsula in Princeton. From 380, take FM-982 (2nd St) south to the peninsula. Property is on the SE corner of FM-982 and CR-1099 on the left past the Dollar Tree. GPS will get you there.
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
Utilities
- Water: Community/Coop
- Utility Description: Electricity Available, Overhead Utilities, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Vacant
- Year Built: 1965
Lot Features
- Lot Size (Acres): 3.04
- Lot Size (Sq. Ft.): 132,422.4
- Lot Size Source: Assessor
- Frontage: County Road, Farm to Market Road, All Weather Road, Asphalt
- Lot Features: Acreage, Corner Lot
- Zoning: Unzoned. In the county
Financial Considerations
- Tax Amount: $12,046
- Terms: Cash, Conventional, 1031 Exchange, Lease Option, Owner Will Carry
Disclosures and Reports
- Documents Avail.: Survey, Aerial
- Legal Description: ABS A0890 S D TERRY SURVEY, SHEET 4, TRACT 20
- Disclosures/Rstr.: Municipal Utility District Disclosure
- Property ID: R689000420101
- Block: 4
Listed by Ebby Halliday, Realtors, David Gloria
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 5551 FM982 —
David Gloria
Ebby Halliday, Realtors
214-509-0808
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5551 FM982
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 5.3 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 5551 FM982
Tax History
Tax History for 5551 FM982
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,046
334%
$837,823
248%
2023
$2,776
-9%
$240,532
-20%
2022
$3,045
—
$298,904
16%
2022
$3,045
—
$258,736
28%
2021
$3,045
—
$202,658
-2%
2020
$3,038
-13%
$207,155
8%
2019
$3,506
14%
$192,173
17%
2018
$3,087
17%
$164,039
18%
2017
$2,629
9%
$138,924
10%
2016
$2,421
-1%
$126,765
—
2015
$2,446
14%
$126,957
14%
2014
$2,148
47%
$110,894
39%
2013
$1,457
—
$79,543
—
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 5551 FM982
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- Single Family
- Active
- Updated 1 hour ago
- 3Beds
- 3Total Baths
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
5551 Fm 982, Princeton, TX 75407 (MLS# 21271034) is a Lots/Land property with a lot size of 3.04 acres. 5551 Fm 982 is currently listed for $2,495,000 and was received on May 18, 2026. Want to learn more about 5551 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.