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Agricultural Land with Home for Sale in Gainesville, Texas

550 County Road 297, Gainesville, TX 76240

$2,340,000
55.2 acres
Active sale
$110k drop
Est $11,232/mo

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.

3,870
Sq feet
6
Beds
5
Full baths
1
1/2 bath
2024
Built

Location

Street address
550 County Road 297
Zip code
76240
Community
McElroy JC
School district
Callisburg ISD
Elevation
728 feet
Coordinates
33.5903, -96.9809

Property details

Acreage
55.22 acres
MLS #
NTREIS 21139838
Posted

Property taxes

Recent
$103

Parcels

  • 87373

Legal description

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

NameTypeDistrict
CallisburgElementaryCallisburg ISD
CallisburgMiddleCallisburg ISD
CallisburgHighCallisburg ISD

Listing history

DateEventPriceChangeSource
May 1, 2026Price drop$2,340,000$110,000 -4.5%NTREIS
Jan 16, 2026New listing$2,450,000NTREIS
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This 55.22-acre property is located at 550 County Road 297 in Gainesville, TX 76240. The property is available for sale for $2,340,000. It has a 3,870 sq ft 6 bedroom, 5 bath house built in 2024.

Listed by Lake & Country Realty, (903) 267-2218

Checked 1 hour agoUpdated Source

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