
Land for Sale in Celeste, Texas
3150 FM 272, Celeste, TX 75423
Located just outside the city limits of Leonard in growing Fannin County, this 15.78-acre tract offers an excellent opportunity for future residential development, investment, or a private homesite. With frontage along a Farm-to-Market road and nearby utilities in the area, the property combines accessibility with a Texas Country setting that is increasingly difficult to find.
Mostly wooded with level topography, this property provides flexibility for a variety of potential uses. An older home currently sits on the property and is considered to have little to no contributory value, making this a true land-focused offering with a clean slate for future improvements.
Surrounding development activity continues to support long-term potential in this area, including neighboring acreage that is currently being developed into a residential neighborhood. Whether intended for a single estate property, multiple homesites, or future development, this tract is well-positioned in one of North Texas’ steadily growing corridors.
Important to note, while portions of the surrounding area contain floodplain, this property is not located within a FEMA flood zone — a valuable designation for future planning and development.
Location
- Street address
- 3150 FM 272
- County
- Fannin County
- Elevation
- 658 feet
Directions
From Leonard, travel south on US Highway 69 toward Celeste for approximately 4 miles. Turn left onto FM 272 and continue East for approximately 3 miles. The property at 3150 FM 272, Celeste, TX 75423, will be on your right.
Property details
- Acreage
- 15.78 acres
- MLS #
- NTREIS 21273726
- Posted
Parcels
- 000000079340
Legal description
A0691 M MORGAN, ACRES 15.78
Resources
Details and features
Listing
- Type
- Land
- Subtype
- Unimproved Land
Structure
- Heating
- None
Nearby schools
| Name | Type |
|---|---|
| Leonard | Elementary |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 21, 2026 | New listing | $449,000 | — | NTREIS |
















