Elm Grv St & Parker Rd, Royse City, TX 75189

Property Details for 0 Elm Grv St & Parker Rd

Lot size

130.70 lot acres

Property type

Land

Property subtype

Farms

Description

This exceptional 130.7-acre tract of land presents a remarkable opportunity for development in the rapidly growing city of Royse City, Texas. Located at the strategic intersection of Elm Grove St & Parker Rd, this property is zoned A - Agriculture, but the city has designated its future land use as single-family residential. Royse City boasts a population of approximately 12,998, experiencing a significant 39.6% population increase since 2010, making it an attractive location for residential development. Its proximity to Dallas (a 30-minute commute via Interstate 30) further enhances its appeal as a commuter city. The area is experiencing robust growth fueled by job creation from corporate relocations, including major companies like Toyota North America, Liberty Mutual, State Farm, and FedEx. The current DFW residential home supply is at a 20-year low, with only a 2.5-month supply of homes available, indicating high demand. Home price appreciation in the area is currently at 9.5%, a national high. The property's location offers convenient access to various recreational amenities, including golf, tennis, and swim clubs, equestrian facilities, and Lake Ray Hubbard. Furthermore, the surrounding area features several established and developing residential communities, such as Woodcreek, Williamsburg, Chamberlain Crossing, and Waterscape, demonstrating the area's strong residential growth trajectory. The property's size and location make it ideally suited for a large-scale residential development project, capitalizing on the current market conditions and future growth potential of Royse City. The zip code is 75189, and the property is situated in Rockwall County.

Location Insight

City

Royse City

County

Rockwall

State

Texas

Longitude

-96.3429

Latitude

32.946