
Agricultural Land with Home for Sale in Gainesville, Texas
550 County Road 297, Gainesville, TX 76240
Fantastic investment opportunity in the fast growing Golden North Texas corridor - north of Aubrey and Celina, and east of Lake Kiowa. Sailer Resort is a fully furnished, 55.22 acre estate that is AG exempt with NO deed restrictions and it doesn't lie within a flood zone. This incredible property offers unmatched flexibility for a multitude of event types, investment or personal use. Launched in March 2025, the resort secured a diverse range of bookings through year-end across celebrations, weddings, family reunions, proms, graduations, and corporate retreats prior to any formal marketing being done - indicating a strong market demand for this facility. Features include: a 6-bedroom, 5.5-bath Grand Villa with indoor event space for ~120 guests. An ~4,500 sq ft outdoor event deck for ~240 guests. Outdoor wedding venue for ~330 guests. 12'x20' cottage storage area with event support gear and a wide variety of indoor and outdoor games for all ages. The remaining 50+ acres of open land offers long-term potential for the owner-expanding the existing facility, ideal for subdividing, group ownership, or holding as development expands from Lake Ray Roberts to Universal Studios to billion-dollar chip plants to the east. Whether you're seeking a private retreat, a group investment, or an income-generating asset, Sailer Resort delivers lifestyle, cash flow, and appreciation-all in one turn-key opportunity. See resort flyer and 2006 survey in Transaction Desk. Call for an appointment now.
Location
- Street address
- 550 County Road 297
- County
- Cooke County
- Zip code
- 76240
- Community
- McElroy JC
- School district
- Callisburg ISD
- Elevation
- 728 feet
Property details
- Acreage
- 55.22 acres
- MLS #
- NTREIS 21139838
- Posted
Property taxes
- Recent
- $103
Parcels
- 87373
Legal description
MCELROY JC 0711 ACRES 54.22;MCELROY JC 0711 ACRE 1
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- Features
- Acreage, Agricultural, Cleared, Level, Pasture
Exterior
- Pool
- Deck
Structure
- Stories
- 1
- Water
- Public
- Sewer
- Septic Tank
- Heating
- Central, Heat Pump
- Cooling
- Central Air, Electric
- Materials
- Aluminum Siding
- Roof
- Composition
Interior
- Rooms
- Bathroom x 6, Bedroom x 6, Dining Room, Game Room
- Fireplaces
- Yes
- Appliances
- Built In Gas Range, Built In Refrigerator, Dishwasher, Disposal
- Features
- Cable Tv, Cathedral Ceilings, High Speed Internet
Nearby schools
| Name | Type | District |
|---|---|---|
| Callisburg | Elementary | Callisburg ISD |
| Callisburg | Middle | Callisburg ISD |
| Callisburg | High | Callisburg ISD |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 1, 2026 | Price drop | $2,340,000 | $110,000 -4.5% | NTREIS |
| Jan 16, 2026 | New listing | $2,450,000 | — | NTREIS |








































