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$399,000
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Property Description
20 Acres of Prime Texas Land - Country Living Near Lake Tawakoni Discover 20 beautiful acres of prime Texas countryside located on FM 47, offering both privacy and convenience. This property is just 7 miles from Wills Point, providing easy access to grocery stores, dining, and local amenities perfectly balancing rural charm with modern comfort. Utilities are available at the road (water and electric), making this an ideal setting to build your dream home, ranch, or weekend retreat. The land features a wonderful mix of open pasture and mature shade trees, creating a scenic and versatile landscape. A seasonal creek winds through the property, lined with beautiful trees, and the property is fenced on three sides with existing cross fencing, perfect for rotational grazing. Only 3 miles from Lake Tawakoni's dam, you'll have quick access to the lake's new boat ramp, picnic area, and fishing dock, a perfect spot to enjoy the water just minutes from home. Whether you dream of raising chickens, goats, cattle, or horses, or starting a garden and living the ranch lifestyle, this property is your blank canvas to create your ideal homestead. New, attractive homes are being built throughout the area, highlighting the growth and desirability of this location. With a major farm and ranch supply store just 15 minutes away, you'll have everything you need for country living and construction projects. Enjoy the best of both worlds peaceful ranch life and lakeside recreation with Downtown Dallas only 57 miles away and modern shopping, restaurants, theaters, and retail outlets just 26 miles from your gate. This is a rare opportunity to own a truly special piece of Texas land. Adjacent parcel available, allowing for up to 40 total acres if desired.
Full Property Details
Full Property Details for 3950 FM 47
General
- Price: $399,000
- Taxes: $112
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21129003
- Updated: 1/5/2026
- Added to Site: 40 day(s) ago
Location
- County: Van Zandt
- Subdivision: None
- Driving Directions: If coming from Wills Point, its about 7 miles +- once you turn on FM 47 towards the dam. Stay on FM 47 for 7 miles. Once you pass the creek tree line, immediately on your left. There is some hay up front.
School Information
- Elem School District: Wills Point ISD
- Midd School District: Wills Point ISD
- High School District: Wills Point ISD
- Elementary School: Willspoint
- Middle School: Willspoint
- High School: Willspoint
Utilities
- Water: Community/Coop
- Utility Description: Electricity Available, Water Available
Structural Information
- Architectural Style: Barndominium
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Grazing, Livestock, Pasture
Lot Features
- Lot Size (Acres): 20
- Lot Size (Sq. Ft.): 871,200
- Frontage: Farm to Market Road, Dirt, Gravel
- Lot Features: Acreage, Agricultural, Flag Lot, Hardwood Trees, Pasture, Pond on Lot, Ravine, Rolling Slope, Many Trees
- Development Status: Other
- Potential Use: Agricultural, Cattle, Grazing, Horses, Hunting, Investment, Livestock, Manufactured Home, Pasture, Poultry, Ranch, Residential, Recreational, Single Family
- Trees/Vegetation: Brush, Cleared, Grassed, Partially Wooded
- Zoning: lnd
Financial Considerations
- Tax Amount: $112
- Terms: 1031 Exchange
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: ACRES: 50.000 ABST: 567 & 228 SUR: J R MARTIN
- Property ID: R000110198
Listed by Joseph Walter Realty, LLC, Edward Mcclintick
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Schools
Schools serving 3950 FM 47
School District:Wills Point Independent School District
| Name | Grades | Distance |
|---|---|---|
Earnest O Woods Intermediate School 307 Wingo Way, Wills Point, TX 75169 | 2-4 | 6.8 mi |
Wills Point Primary School 447 Terrace Drive, Wills Point, TX 75169 | PK-1 | 6.9 mi |
Wills Point J High School 200 Tiger Drive, Wills Point, TX 75169 | 7-8 | 6.7 mi |
Wills Point High School 1800 West South Commerce Street, Wills Point, TX 75169 | 9-12 | 7 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 3950 FM 47
Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$399,000
-4.77%
MLS
12/09/2025
Listed
$419,000
—
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 3950 FM 47
Year
Property Taxes
Change
Tax Assessment
Change
2024
$112
—
$555,500
2%
2024
$112
-5%
$545,000
9%
2023
$118
-4%
$499,500
25%
2022
$123
3%
$398,750
43%
2021
$119
14%
$278,250
100%
2020
$104
-12%
100%
2019
$118
64%
100%
2018
$72
—
—
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 3950 FM 47
3950 Fm 47, Wills Point, TX 75169 (MLS# 21129003) is a Lots/Land property with a lot size of 20 acres. 3950 Fm 47 is currently listed for $399,000 and was received on December 09, 2025. Want to learn more about 3950 Fm 47? Do you have questions about finding other Lots/Land real estate for sale in Wills Point? You can browse all Wills Point real estate or contact a Coldwell Banker agent to request more information.

