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Residential Land with Home for Sale in Wills Point, Texas

356 FM 751, Wills Point, TX 75169

$374,900
3.34 acres
Active
$10.1k drop
Est $2,346/mo

INCOME PRODUCING PROPERTY with HUGE development potential! This versatile 3.3-acre property is LESS THAN A MILE from the sparkling shores of Lake Tawakoni, placing you in the heart of one of East Texas' most sought-after recreational areas! Whether you're looking for an investment with immediate returns or a blank canvas for your next big idea, this property delivers on BOTH! Currently, the property includes THREE MOBILE HOMES -- two of which are occupied with reliable, LONG TERM TENANTS and a proven rental income history! This provides a steady cash flow from day one, while the third home offers flexibility: rent it out for additional income, use it as an on-site manager's residence, or transform it into a personal getaway near the lake for your very own lakehouse! The grounds are fully fenced and accessed through a gated entrance, offering both privacy and security. A LARGE WORKSHOP provides ample space for storage, equipment, or expansion -- perfect for lake toys, RVs, boats, or even a small business operation. With flat, usable land and easy access, the property is primed for multiple uses! Thanks to its excellent location and generous acreage, this site is well-suited for future ventures such as: an RV park or campground to capture the area's tourism traffic, boat storage or lake-related rental services, additional mobile homes or cabins for short- or long-term rentals, or many other commercial or recreational projects that take advantage of the lake's popularity! Lake Tawakoni's fishing, boating, and outdoor activities draw thousands of visitors each year, making this property a rare opportunity to combine immediate income potential with long-term growth possibilities. With its strong rental history, secure infrastructure, and prime location, this is an investment you can put to work right away while you plan your next phase!

1,200
Sq feet
2
Beds
2
Full baths
1998
Built

Location

Street address
356 FM 751
Community
Acres 2.927, ABST: 527, SUR: J B MCCOWEN,
Elevation
496 feet
Coordinates
32.8346, -96.0514

Directions

From downtown Wills Point, head north on FM 751 for 9.3 miles to property on the left.

Property details

Acreage
3.34 acres
MLS #
NTREIS 21030275
Posted

Parcels

  • R000039749

Legal description

Resources

Details and features

Listing

Type
Residential
Subtype
Manufactured Home

Exterior

Parking
Carport

Structure

Stories
1
Heating
Central, Electric
Cooling
Ceiling Fan(s), Central Air
Roof
Composition

Interior

Rooms
Bathroom x 2, Bedroom x 2
Appliances
Dishwasher, Range, Washer

Nearby schools

NameLevelDistrictDescription
WillspointElementary

Listing history

DateEventPriceChangeSource
Oct 16, 2025Price drop$374,900$10,100 -2.6%NTREIS
Aug 14, 2025New listing$385,000NTREIS
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This 3.34-acre property is located at 356 FM 751 in Wills Point, TX 75169. The property is available for sale for $374,900. It has a 1,200 sq ft 2 bedroom, 2 bath house built in 1998.

Checked 1 hour ago — Updated

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