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Lakefront Development Land
For Sale
$3,300,000

7355 Fm 897, Telephone, TX 75488

Land, Telephone, TX

Property SizeContact for details
Lot Size18.72 Acres
Days on Market50

Property Features for 7355 Fm 897

General Information

Property type Land
Property subtype Other
Zoning description Subject to lake zoning. Currently zoned SF but could easily and more appropriately zoned commercial.
Vegetation Cleared, Wooded
Subdivision A0997 J M SADLER
Lot features Acreage, Waterfront
View Water
Elementary school Sam Rayburn
Middle school Sam Rayburn
High school Sam Rayburn
Elementary school district Sam Rayburn ISD
Middle school district Sam Rayburn ISD
High school district Sam Rayburn ISD
Directions From Bonham travel East on US 82 toward Honey Grove. Turn left on FM 897 toward Bois d' Arc Lake and cross the bridge over the lake. Property is on your left just after the bridge. A sign will be out front near the gate.
Standard status Active
APN 86133
Lot size 18.72 Acres

Taxes and HOA fees

Tax Description A1209 D WILSON, ACRES 5.782
Tax Annual Amount 5
Legal Description A1209 D WILSON, ACRES 5.782

Utilities

Sewer type Septic Tank
Water front features Waterfront, Lake Front
Water front 1

Building Details

Architectural style Other
Additional Structures Barn(s)
Listing Agency: RE/MAX DFW Associates · RE/MAX International
Listed By: David Ogletree · License #0620676
Added: Sep 11 Changed: Oct 24 Last Checked: Oct 30 at 9:06AM
MLS# 21384592

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.

Rey
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Investment Insights

Based on property information with market context.

This 18.721-acre waterfront tract borders Bois d'Arc Lake and includes direct lake access, sweeping shoreline, gently rolling terrain, and multiple potential build sites. A high-capacity waterline is located at the property, and the site is identified with a septic tank sewer feature. The property currently carries an agricultural valuation.

The parcel has extensive frontage on FM 897, the highway connecting the northern and southern sides of the lake. Public boat ramps are nearby, along with a recently approved public marina planned for 200–500 boat slips, RV and boat sales, and other lake-oriented commercial entities. Lakefront use is governed by the North Texas Municipal Water District Shoreline Management Plan.

Key Highlights

  • 18.721‑acre lakefront parcel on Bois d'Arc Lake
  • Extensive frontage on FM 897
  • Direct lake access with sweeping shoreline

Property Analytics

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Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 75488, TX

1,144
Population
480
Households
2.4
Avg Household Size
46
Median Age
17%
College-Educated
98%
High-School Grad
119.2 sq mi
ZIP Area
10
Density / Sq Mi
$59,231
Median Household Income
$48,598
Median Earnings
$261,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Direct lake access, rolling terrain, multiple build sites, and a high-capacity waterline support future site planning.
Where is this waterfront land located?
The property is located at 7355 Fm 897 Telephone, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 18.721‑acre lakefront parcel on Bois d'Arc Lake; Extensive frontage on FM 897; Direct lake access with sweeping shoreline
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