Date
Details
Price
Change
Source
1/30/2026
Listed
$3,300,000
—
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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$3,300,000 Just Listed
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Property Description
Extremely Rare 18+ acre lakefront parcel on Bois d'Arc Lake with extensive high-visibility frontage on FM 897-the key highway bridging the lake's northern and southern sides, featuring public boat ramps nearby. This prime property currently has an agricultural valuation and offers direct lake access, sweeping shoreline, gently rolling terrain, and multiple build sites. Ideal for commercial ventures like retail space, convenience stores, a restaurant, hotel, wedding venue, or a boat dealership. Optimal visibility for lake visitors and residents. High capacity waterline at property. Enjoy lakefront living combined with conveniences-just minutes from Bonham, utilities, and amenities. Visit Bois d'Arc Lake today to see why Fannin County's newest recreational hotspot is attracting so much interest! Buyer and Buyer's Agent are to independently verfiy any and all information in order to conclude appropriate due diligence. All lakefront use is governed by the North Texas Municipal Water District. Buyer and Buyer's agent should reference their December 2023 published Shoreline Management Plan. NOTE: All property boundaries shown in photos are approximate and should be verified with available survey.
Full Property Details
Full Property Details for 7355 FM897
General
- Price: $3,300,000
- Taxes: $5
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21165769
- Updated: 1/30/2026
- Added to Site: Today
Location
- County: Fannin
- Subdivision: A0997 J M SADLER
- Driving Directions: From Bonham travel East on US 82 toward Honey Grove. Turn left on FM 897 toward Bois d' Arc Lake and cross the bridge over the lake. Property is on your left just after the bridge. A sign will be out front near the gate.
School Information
- Elem School District: Sam Rayburn ISD
- Midd School District: Sam Rayburn ISD
- High School District: Sam Rayburn ISD
- Elementary School: Sam Rayburn
- Middle School: Sam Rayburn
- High School: Sam Rayburn
Utilities
- Sewer: None, Septic Tank
- Water: Community/Coop, Rural
- Utility Description: Electricity Available, Electricity Connected, None, Septic Available, Sewer Not Available, Water Available
Structural Information
- Architectural Style: Barndominium
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Grazing, Investment
Additional Structures
- Other Structures: Mobile Home, See Remarks, Barn(s)
Lot Features
- Property View: Water
- Lot Size (Acres): 18.721
- Lot Size (Sq. Ft.): 815,486.76
- Lot Size Source: Owner
- Frontage: Farm to Market Road, Asphalt
- Lot Features: Acreage, Waterfront
- Development Status: Zoned
- Potential Use: Agricultural, Cattle, Commercial, Development, Fishery, Grazing, Horses, Hunting, Investment, Livestock, Multi-Family, Mini Storage, Pasture, Place of Worship, Ranch, Residential, Recreational, Retail, Subdevelopment, Highway/Tourist Service
- Trees/Vegetation: Cleared, Partially Wooded
- Zoning: Subject to lake zoning. Currently zoned SF but could easily and more appropriately zoned commercial.
Horse Property
- Horse Facility Desc.: Barn
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Lake Front, Waterfront
- Lake Front: Yes
Financial Considerations
- Tax Amount: $5
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: A1209 D WILSON, ACRES 5.782
- Exclusions: Portable corals and livestock as well as barn contents.
- Disclosures/Rstr.: Easement(s)
- Property ID: 86133
Listed by RE/MAX Visionary, David Cullar
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 7355 FM897 —
David Cullar
RE/MAX Visionary
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7355 FM897
School District:Sam Rayburn Independent School District
| Name | Grades | Distance |
|---|---|---|
Sam Rayburn Elementary School, Ivanhoe, TX 9363 E Fm 273, Ivanhoe, TX 75447 | PK-6 | 7.3 mi |
Rayburn High School 9363 E Fm 273, Ivanhoe, TX 75447 | 7-12 | 7.3 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 7355 FM897
Tax History
Tax History for 7355 FM897
Year
Property Taxes
Change
Tax Assessment
Change
2024
$967
—
$1,010,000
4%
2024
$967
8%
$969,256
828%
2018
$895
—
$104,400
-17%
2018
$895
—
$125,260
-62%
2018
$895
—
$332,230
170%
2018
$895
—
$123,270
1%
2018
$895
—
$121,520
20%
2018
$895
100%
$101,180
-2%
2014
100%
$103,270
1%
2014
—
$101,990
—
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 7355 FM897
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7355 Fm 897, Telephone, TX 75488 (MLS# 21165769) is a Lots/Land property with a lot size of 18.721 acres. 7355 Fm 897 is currently listed for $3,300,000 and was received on January 30, 2026. Want to learn more about 7355 Fm 897? Do you have questions about finding other Lots/Land real estate for sale in Telephone? You can browse all Telephone real estate or contact a Coldwell Banker agent to request more information.