Agricultural Land Development
CR-247 Road Allen, TX 75002
For Sale
Under Contract
$5,800,000
LAND - Allen, TX
Lot Size29.00 Acres
Days on Market84
Property Features for CR-247 Road
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active Under Contract
- APN
- R685000001701
- Lot size
- 29.00 Acres
Taxes and HOA fees
- Tax Description
- ABS A0850 RICHARD SPARKS SURVEY, TRACT 17, 21
- Tax Annual Amount
- 170
Utilities
- Sewer type
- Septic Tank
- Water source
- Private, Well
Listing Agency:
Barnhart Realty Group
(972) 442-7508
Listed By:
Tom Cline · License #0610484
(972) 442-7508
Added: May 3
Changed: Jun 6
Last Checked: Jul 25 at 3:06AM
MLS# 21138024
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Investment Insights
Based on property information with market context.
This unincorporated 29-acre property is offered with three tax parcel ID numbers and includes agricultural exemptions on two of the parcels, totaling 21 acres and 7 acres. The tract is positioned in the southeast quadrant of Parker Road and N. Murphy Road, with a portion of its boundary measuring 1,976 feet from the property line that borders a proposed development by Centurion American Development Group. That development has disclosed plans for the 241-acre Southfork Ranch in Parker.
The site includes 630 feet of frontage on McWhirter Road. It sits directly across the street from a large, established home development, and the north property line abuts over one acre plus, multi-million-dollar homes, creating a clear transition between agricultural use and nearby residential growth.
This is the kind of land that can fit investors and developers looking for upside in a rapidly surrounding residential environment, while maintaining agricultural exemption status on a substantial portion of the acreage. With multiple parcel IDs contributing to the total acreage, the property may offer flexibility for future planning and structuring, subject to applicable approvals.
The site includes 630 feet of frontage on McWhirter Road. It sits directly across the street from a large, established home development, and the north property line abuts over one acre plus, multi-million-dollar homes, creating a clear transition between agricultural use and nearby residential growth.
This is the kind of land that can fit investors and developers looking for upside in a rapidly surrounding residential environment, while maintaining agricultural exemption status on a substantial portion of the acreage. With multiple parcel IDs contributing to the total acreage, the property may offer flexibility for future planning and structuring, subject to applicable approvals.
Key Highlights
- 29‑acre unincorporated property in the southeast quadrant of Parker Road and N. Murphy Road
- McWhirter Road frontage: 630' directly across from a large established home development
- Property borders a proposed 241‑acre Southfork Ranch development by Centurion American Development Group
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
FAQs
What type of property is this?
Agricultural land / Farmland - Unincorporated 29-acre parcel with agricultural exemptions and strong road frontage near a proposed major development.
Where is this agricultural land / farmland located?
The property is located at CR-247 Road Allen, TX.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 29‑acre unincorporated property in the southeast quadrant of Parker Road and N. Murphy Road; McWhirter Road frontage: 630' directly across from a large established home development; Property borders a proposed 241‑acre Southfork Ranch development by Centurion American Development Group
