Date
Details
Price
Change
Source
7/16/2026
Listed
$400,000
—
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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$400,000 Just Listed
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Property Description
Rare opportunity on highly desirable FM 121 in Van Alstyne ISD! Situated on approximately 2.9 acres with excellent road frontage and visibility, this versatile property offers endless possibilities. The standout feature is the massive shop, providing abundant space for a workshop, storage, equipment, hobbies, or future conversion. Whether you're looking for a place to build your dream home or create a live-work property, this acreage offers the flexibility to make it happen. Conveniently located just minutes from US-75 with easy access to Van Alstyne, McKinney, Sherman, and the rapidly growing North Texas corridor. Properties with this combination of acreage, location, visibility, and a substantial shop are increasingly hard to find. Don't miss this exceptional opportunity!
Full Property Details
Full Property Details for 5367 FM 121
General
- Price: $400,000
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21332949
- Updated: 7/21/2026
- Added to Site: 5 day(s) ago
Location
- County: Grayson
- Subdivision: Magnolia Farms
- Driving Directions: Take US-75 North toward Van Alstyne. Take Exit 51 for FM 121 Van Alstyne Parkway. At the end of the exit ramp, turn east (right) onto FM 121 E. Jefferson Street. Continue on FM 121 East for approximately 5.3–5.5 miles.The property at 5367 FM 121 will be on your right.
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
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Other
- Year Built: 2024
Lot Features
- Lot Size (Acres): 2.947
- Lot Size (Sq. Ft.): 128,371.32
- Frontage: Farm to Market Road, Asphalt
- Lot Features: Acreage, Cleared, Many Trees, Few Trees
- Zoning: residential
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: MAGNOLIA FARMS, LOT 3, ACRES 2.947
- Property ID: 409302
- Lot Number: 3
Listed by Keller Williams North Country, Kimberly Uselton and Keller Williams North Country, Ana Claire Uselton
We Value Your Privacy
We Value Your Privacy
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Listing agents
— 5367 FM 121 —
Kimberly Uselton
Keller Williams North Country
Ana Claire Uselton
Keller Williams North Country
972-382-8882
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5367 FM 121
School District:Van Alstyne Independent School District
| Name | Grades | Distance |
|---|---|---|
Bob and Lola Sanford Elementary School 300 Williams Way, Van Alstyne, TX 75495 | K-4 | 6 mi |
Van Alstyne J High School 1314 North Waco Street, Van Alstyne, TX 75495 | 7-8 | 5.9 mi |
Van Alstyne High School 1722 North Waco Street, Van Alstyne, TX 75495 | 9-12 | 6.1 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 5367 FM 121
Tax History
Tax History for 5367 FM 121
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,315
-2%
$293,970
48%
2023
$3,375
2%
$198,050
-2%
2022
$3,295
100%
$201,365
14%
2021
100%
$176,922
44%
2020
—
$122,636
—
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 5367 FM 121
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5367 Fm-121, Van Alstyne, TX 75495 (MLS# 21332949) is a Lots/Land property with a lot size of 2.947 acres. 5367 Fm-121 is currently listed for $400,000 and was received on July 16, 2026. Want to learn more about 5367 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.