Fm 982, Princeton, Texas

$2,295,000
Active
Fm 982, Princeton, Texas
Fm 982, Princeton, Texas
Fm 982, Princeton, Texas
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Property Details

MLS ID: 21365280
Status: Active
Price: $2,295,000
Acres: 7.66±
Type: Unimproved, Land, Commercial
Address: Fm 982
City, State: Princeton, TX
County: Collin County
ZIP Code: 75407
Lat/Long: 33.11151, -96.49875
Parcel Number: R689000429401
SqFt: 2,086
Year Built: 1960

Description

Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the right when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.

Directions: From Hwy 380 in Princeton go south on FM-982 to the peninsula. It will be the first property on the left when entering the peninsula. Use GPS. It is just feet north of the FM-982 CR-444 intersection.

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Robert Bong

Robert Bong

Capitol Ranch Real Estate, LLC

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Capitol Ranch Real Estate, LLC
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You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: October 5, 2026 at 12:13:02 AM UTC. Copyright 2026 North Texas Real Estate Information Systems, Inc. Listings marked with the NTREIS logo are provided courtesy of the North Texas Real Estate Information Systems, Inc. Internet Data Exchange.

Listed By: David Gloria of Ebby Halliday, Realtors