4647 Fm 982
Princeton, TX, 75407
$2,495,000
Beds
0 Baths
SqFt
7.66 Acres
MLS #21179493 image #0

Location

Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house and 3 cabins or tiny homes that are all very nicely finished out, and could be income producing rentals. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the left when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

Property Details

Price:
$2,495,000
MLS #:
21179493
Status:
Active
Baths:
0
Type:
Land
Subtype:
Improved Land
Subdivision:
SD Terry Surv Abs #890
Listed Date:
Feb 13, 2026
Lot Size:
333,669 sqft / 7.66 acres (approx)
Year Built:
1960
WaterfrontSd Terry Surv Abs #890Princeton IsdJamesMatteiLovelady

Schools

School District:
Princeton ISD
Elementary School:
James
Middle School:
Mattei
High School:
Lovelady

Interior

Cooling
Central Air
Heating
Propane

Exterior

Fencing
Fenced, Gate
Frontage Feet
275
Lot Size Area
7.6600
Vegetation
Partially Wooded
Waterfront Features
Lake Front – Corps of Engineers

Financial

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

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Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.

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Market Summary

Current real estate data for Land in Princeton as of Mar 04, 2026
98
Land Listed
132
Avg DOM
218
Avg $ / SqFt
$921,308
Avg List Price

Property Summary

    Located in the SD Terry Surv Abs #890 subdivision, 4647 Fm 982 Princeton TX is a Land for sale in Princeton, TX, 75407. It is listed for $2,495,000 and features 8 acres. To schedule a showing of MLS#21179493 at 4647 Fm 982 in Princeton, TX, contact your Aaron Layman Properties agent at 940-209-2100.
4647 Fm 982
Princeton, TX