40 Acres of Land for Sale in Sherman, Texas

5051 Loy Lake Road Terrell Rd, Sherman, TX 75090

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40 Acres of Land for Sale in Sherman, Texas
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$5,200,000
40 acres
Active sale agoEst $56,573/mo

Excellent development opportunity. Less than 0.5 miles from HWY 75. 1.4 miles from Texoma Medical Center. Currently, ag exempt, grow Bermuda hay. Zoned SF-1 minimum of 6000sq feet lot size. Can also be developed to one-acre lots. Within Sherman city limit and in an opportunity zone. No flood plain.

Rolling Terrian includes a pond and creek running through scattered woods. Stunning views from the hilltop. Buyer to pay rollback taxes if current use is changed. Buyer, buyer agent to confirm sewage and water utilities at the site. ESA phase 1 is complete. New survey less than one-year-old available. Please look at the transaction desk for documents.

Buyer, Buyer agent to confirm the information provided.

Directions

Drive north on HWY 75 from Frisco. Exit 65, turn left on FM-691, and in 1-mile turn left on Loy Lake Road. Drive 1000 feet on the loy lake road, the property is on the left.

Property details

County
Grayson County
Coordinates
33.7012, -96.6025
Community
T B Gates Surv Abs #479
Elevation
804 feet
MLS Number
NTREIS 20252884
Date Listed

Legal description

G-0479 GATES T B A-G0479, ACRES 40.0

Parcels

  • 259492

Resources

This 40-acre property is located at 5051 Loy Lake Road Terrell Rd in Sherman, TX 75090 with latitude 33.7012 and longitude -96.6025. The property is currently available for sale for $5,200,000 with a price per acre of $130,000. Listing data is sourced from North Texas Real Estate Information Systems # 20252884.

Verify sale details at the property source or contact Beam Real Estate at (972) 484-6644.

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Copyright (C) 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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Land for sale in Sherman, TX