Wooded Residential Development
For Sale
$449,000
3150 Fm 272, Celeste, TX 75423
LAND - Celeste, TX
Property SizeContact for details
Lot Size15.78 Acres
Days on Market97
Property Features for 3150 Fm 272
General Information
Property type
Land
Property subtype
Other
Lot features
Acreage
Elementary school
Leonard
High school
Leonard
Elementary school district
Leonard ISD
Middle school district
Leonard ISD
High school district
Leonard ISD
Directions
From Leonard, travel south on US Highway 69 toward Celeste for approximately 4 miles. Turn left onto FM 272 and continue East for approximately 3 miles. The property at 3150 FM 272, Celeste, TX 75423, will be on your right.
Standard status
Active
APN
000000079340
Lot size
15.78 Acres
Taxes and HOA fees
Tax Description
A0691 M MORGAN, ACRES 15.78
Tax Annual Amount
7529
Legal Description
A0691 M MORGAN, ACRES 15.78
Building Details
Year built
1940
Listing Agency:
Compass RE Texas, LLC.
(214) 814-8100
Listed By:
Kyle Graham · License #0667764
(214) 814-8100
Added: May 20
Changed: Aug 1
Last Checked: Aug 24 at 9:06PM
MLS# 21273726
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This land offering is a 15.78-acre tract with mostly wooded areas and level topography, providing flexibility for a range of residential concepts. An older home sits on the property but is considered to have little to no contributory value, keeping the focus on the land and future improvement opportunities.
The tract has frontage along a Farm-to-Market road, offering straightforward access for prospective development planning. The area is characterized by nearby utilities and an ongoing residential build-out, with neighboring acreage being converted into a residential neighborhood.
This property can work well for investors and developers seeking a true land-focused opportunity, including options for a single estate property or multiple homesites. It may also appeal to buyers looking for a private homesite with a Texas country setting and development momentum nearby. While some surrounding areas include floodplain, the property itself is not located within a FEMA flood zone, which may be an important consideration for future planning.
The tract has frontage along a Farm-to-Market road, offering straightforward access for prospective development planning. The area is characterized by nearby utilities and an ongoing residential build-out, with neighboring acreage being converted into a residential neighborhood.
This property can work well for investors and developers seeking a true land-focused opportunity, including options for a single estate property or multiple homesites. It may also appeal to buyers looking for a private homesite with a Texas country setting and development momentum nearby. While some surrounding areas include floodplain, the property itself is not located within a FEMA flood zone, which may be an important consideration for future planning.
Key Highlights
- 15.78‑acre tract just outside Leonard city limits in growing Fannin County
- Mostly wooded with level topography
- Frontage along a Farm‑to‑Market road
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 75423, TX
3,089
Population
1,213
Households
2.5
Avg Household Size
40
Median Age
12%
College-Educated
86%
High-School Grad
80.9 sq mi
ZIP Area
38
Density / Sq Mi
$60,167
Median Household Income
$31,568
Median Earnings
$957
Median Rent
$187,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A mostly wooded acreage tract with road frontage and level topography, suited for future homesite or development plans.
Where is this residential land & home lot located?
The property is located at 3150 Fm 272 Celeste, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 15.78‑acre tract just outside Leonard city limits in growing Fannin County; Mostly wooded with level topography; Frontage along a Farm‑to‑Market road
