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$1,100,000 Just Listed
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Property Description
Location. Infrastructure. Timing. That's what 31.50 ag-exempt acres at 7540 Pegasus Rd puts in front of developers and investors watching the I-35 corridor blow up around Temple, TX. This tract sits adjacent to the Temple North Outer Loop, a $42 million-plus, four-lane highway project under active construction right now, with the I-35 connection in final design and expected by 2027. It's also confirmed inside the City of Temple's ETJ, meaning a city-coordinated path to annexation, commercial or industrial rezoning, and full municipal utility access... not a county-level guessing game. The ground works in your favor too. Nearly 397 feet of frontage opens onto flat, buildable pastureland up front, with a wooded seasonal creek at the rear for detention or a natural buffer. A 6-inch Pendleton Water Supply main runs the road, and a 1-inch service line is already installed clear across the property to the back... infrastructure most 31-acre tracts don't have. Oncor serves the site for power. Neighbors include the new Meta AI data center, QuikTrip, H-E-B, Walmart, Buc-ee's, McLane Company, Starbucks, FedEx, Atwoods, Cargill, Baylor Scott & White Logistics, and Texas Hydraulics.... same corridor, same momentum. Whether you're building flex-space, an RV park or self-storage facility, or buy n hold land in the path of progress, 7540 Pegasus gives you the entitlement pathway, the utilities, and the access to make it happen. Timing. Infrastructure. Location. Buyer and buyer's agent to verify all information independently.
Full Property Details
Full Property Details for 7540 Pegasus Dr
General
- Price: $1,100,000
- Status: Active
- Type: Farms/Ranches
- Source: Central_Texas_MLS
- MLS ID: 621442
- Updated: 8/3/2026
- Added to Site: 4 day(s) ago
Interior
- Number of Rooms: 1
- Interior Features: None
Exterior
- Exterior Features: Other, See Remarks
Location
- County: Bell
- Driving Directions: From I35 going north... exit 305 toward Berger Rd and take a left at the light toward QuikTrip... Take right on Pegasus Rd/Old TX 81... Property is on the left.
School Information
- Elem School District: Troy ISD
- Midd School District: Troy ISD
- High School District: Troy ISD
Utilities
- Sewer: Septic Tank
- Water: Public
Structural Information
- Sq. Ft. Source: Appraiser
- Year Built Source: Assessor
- Property Condition: Resale
Additional Structures
- Other Structures: Other, See Remarks
Lot Features
- Property View: Creek/Stream, Seasonal View
- Lot Size (Acres): 31.53
- Fencing (Description): Barbed Wire
Horse Property
- Horse Property: Yes
Water Features
- Water Front Name: Creek-Seasonal, Creek/Stream
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: A0339BC W GILMORE, 21-1, TRACT 2, ACRES 28.58
- Disclosures/Rstr.: Agricultural Exemption
- Property ID: 19185
Listed by Windham Rose Realty
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Schools
Schools serving 7540 Pegasus Dr
School District:Troy Independent School District
| Name | Grades | Distance |
|---|---|---|
Troy Elementary School 808 East Austin Street, Troy, TX 76579 | 2-5 | 2.7 mi |
Edna Bigham Mays Elementary School 725 West Main Street, Troy, TX 76579 | PK-1 | 3 mi |
Raymond Mays Middle School 915 West Main Street, Troy, TX 76579 | 6-8 | 2.9 mi |
Troy High School 205 North Waco Road, Troy, TX 76579 | 9-12 | 3.1 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 7540 Pegasus Dr
Date
Details
Price
Change
Source
8/03/2026
Listed
$1,100,000
—
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 7540 Pegasus Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$51
2%
$29,099
-2%
2023
$50
—
$29,818
-2%
2023
$50
-6%
$30,536
-3%
2022
$53
—
$31,613
13%
2021
$53
-89%
$27,994
-3%
2020
$493
-9%
$28,927
-5%
2018
$542
-5%
$30,482
-1%
2019
$568
—
$30,731
—
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 7540 Pegasus Dr
7540 Pegasus Drive, Temple, TX 76501 (MLS# 621442) is a Farms/Ranches property with 0 bedrooms and 0 full bathrooms. 7540 Pegasus Drive is currently listed for $1,100,000 and was received on August 03, 2026. Want to learn more about 7540 Pegasus Drive? Do you have questions about finding other Farms/Ranches real estate for sale in Temple? You can browse all Temple real estate or contact a Coldwell Banker agent to request more information.

