4647 Fm 982, Princeton, TX 75407

Property Description

Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. 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.

Listing Status:

Active

Data Last Updated:

May 18, 2026 at 10:19PM

Listing Office:

Ebby Halliday, Realtors : 214-509-0808

Listing Agent:

David Gloria :

MLS ID:

21179493

Interior

• A/C: Central Air
• Heating: Propane

Location

• Originating MLS: NTR
• School District: Princeton ISD
• County: Collin

Lot

• Zoning: ABS A0890 S D TERRY SURVEYSHEET 4TRACT 13R689000413101
• View: WaterView
• Fencing: FencedGate
• Current Use: AgriculturalResidentialSingle Family

Utilities

• Utilities: Electricity ConnectedPropanePhone AvailableSewer AvailableSeptic AvailableSeparate MetersWater Available
• Water: Community/Coop
• Sewer: Septic Tank

Financial

• Source: NTR
• Exclusions: All personal property