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Property Description
Rare opportunity to own 23+ unrestricted acres just 2.5 miles from downtown Van Alstyne, offering endless potential in a prime North Texas location. This ag-exempt, unzoned property sits outside city limits and boasts 130 feet of frontage along FM 121, making it ideal for a private estate, family ranch, recreational retreat, special events venue, or future development. A picturesque tree-lined northern boundary follows the peaceful Sister Grove Creek, creating a natural backdrop rich in privacy and charm. A tranquil pond enhances both the beauty and functionality of the land, while expansive open pastures provide the flexibility to bring your vision to life. An additional 1-acre tract with a home is also available, increasing total road frontage by an additional 160 feet for nearly 300 feet along FM 121. With no deed restrictions, agricultural exemption in place, and close proximity to town, this is a truly exceptional opportunity to own a versatile piece of North Texas land.
Full Property Details
Full Property Details for 0000 Fm 121
General
- Price: $1,035,000
- Taxes: $114
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21304973
- Updated: 6/18/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Build to Suit
Location
- County: Grayson
- Subdivision: G-0907
- Driving Directions: East on FM 121, west of Hynds Ranch Rd
- Dist. to Street: 130
School Information
- Elem School District: Van Alstyne ISD
- Midd School District: Van Alstyne ISD
- High School District: Van Alstyne ISD
- Elementary School: Bob and Lola Sanford
- Middle School: Van Alstyne
- High School: Van Alstyne
Utilities
- Water: Community/Coop
- Utility Description: Electricity Available, Water Available
Structural Information
- Architectural Style: Barndominium
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural
Additional Structures
- Other Structures: See Remarks, Barn(s)
Lot Features
- Lot Size (Acres): 23
- Lot Size (Sq. Ft.): 1,001,880
- Lot Size Source: See Remarks
- Frontage: Farm to Market Road, Asphalt
- Topography: Hill
- Lot Features: Acreage, Agricultural, Cleared, Backs to Greenbelt/Park, Greenbelt, Pasture, Pond on Lot, Rolling Slope, Many Trees, Subdivided
- Potential Use: Agricultural, Cattle, Commercial, Dairy, Development, Farm, Grazing, Horses, Investment, Livestock, Manufactured Home, Mobile Home, Mini Storage, Mixed Use, Orchard, Pasture, Poultry, Place of Worship, Ranch, Residential
- Trees/Vegetation: Cleared
- Zoning: No zoning, in Van Alstyne ETJ
- Fencing (Description): Partial
Horse Property
- Horse Facility Desc.: Barn
Water Features
- Water Front: Yes
- Water Front Desc.: Creek
Financial Considerations
- Tax Amount: $114
- Terms: Cash, Conventional, 1031 Exchange, FHA, Federal Land Bank, USDA Loan, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Disclosures/Rstr.: Flood Plain Disclosure
- Property ID: 133579
Listed by Exp Realty, Crystal DeBacker
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Price & Sales History for 0000 Fm 121
Date
Details
Price
Change
Source
6/18/2026
Listed
$1,035,000
—
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 0000 Fm 121
Year
Property Taxes
Change
Tax Assessment
Change
2024
$21
-22%
$1,026
9%
2023
$27
-10%
$943
-23%
2022
$30
100%
$1,221
—
2021
100%
$1,221
-100%
2020
100%
$273,319
16355%
2015
-100%
$1,661
-99%
2018
$3,813
-2%
$134,503
—
2017
$3,908
6%
$134,921
2%
2016
$3,694
15%
$132,523
16%
2015
$3,204
6439%
$114,212
6259%
2019
$49
-98%
$1,796
-98%
2013
$2,779
—
$95,612
-4%
2013
$2,779
—
$99,714
—
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 0000 Fm 121
0000 Fm 121, Van Alstyne, TX 75495 (MLS# 21304973) is a Lots/Land property with a lot size of 23 acres. 0000 Fm 121 is currently listed for $1,035,000 and was received on June 18, 2026. Want to learn more about 0000 Fm 121? Do you have questions about finding other Lots/Land real estate for sale in Van Alstyne? You can browse all Van Alstyne real estate or contact a Coldwell Banker agent to request more information.

