Estimated payment $12,629/month
About This Lot
RV Park, Flex Office or Manufactured Home opportunity with no zoning restrictions! The tract is a distinctive land opportunity located at the northeast corner of FM 1235 and Hwy 82 in Savoy, Texas. This property spans roughly 64.575 acres, showcasing 770 feet of frontage on Hwy 82, and includes a residence currently under a leasing agreement. Thanks to an agricultural exemption, Savoy 82 enjoys a reduction in tax liability, making it an even more attractive investment. Situated just 59 miles north of Dallas, the site is within a 45-minute drive of a workforce exceeding 550,000, offering substantial accessibility and potential for various development projects and investment potential. Given its position outside city limits, the property comes with few use restrictions, presenting a versatile opportunity. The proximity to Bonham, just 8 miles east, with a population of 27,000 and the recently opened Bois d’Arc Lake, hints at a vibrant area on the cusp of growth, expected to generate around 2,400 new jobs. Furthermore, being 11 miles from Sherman, a city with a population of 45,000 and undergoing massive expansions such as the Texas Instruments Chip Manufacturing Facility and Globitech’s $5 billion expansion, indicates a region brimming with economic activity and potential. These developments are anticipated to create thousands of jobs, reinforcing the area’s economic base. Additionally, the recent announcements from Hard Rock Hotel and Margaritaville Resorts about establishing locations on Lake Texoma, merely 35 miles north, suggest an increase in tourism and leisure opportunities, further enhancing the property’s appeal. Savoy 82 is not just a piece of land; it’s a gateway to a myriad of development possibilities, fueled by the surrounding economic expansions and the increasing appeal of the region.
Listing Agent
Fairview Development Inc. Brokerage Phone: 972-422-2500 License #0583582 Listed on: 07/25/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,495
Year Built
- Built in 1989
Lot Details
- 64.58 Acre Lot
- Zoning described as Savoy ETJ - No zoning restrictions
Schools
- Savoy Elementary School
- Savoy High School
Additional Features
- Agricultural
- Aerobic Septic System
Community Details
- Charles Cantrel Subdivision
Listing and Financial Details
- Assessor Parcel Number 000000073261
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $4,495 | $891,290 | $506,430 | $384,860 |
2023 | $5,022 | $395,320 | $471,980 | $384,380 |
2022 | $4,474 | $297,195 | $0 | $0 |
2021 | $4,624 | $0 | $0 | $0 |
2020 | $4,598 | $0 | $0 | $0 |
2019 | $4,844 | $0 | $0 | $0 |
2018 | $4,736 | $0 | $0 | $0 |
2017 | $4,365 | $0 | $0 | $0 |
2016 | $4,215 | $0 | $0 | $0 |
2015 | -- | $0 | $0 | $0 |
2014 | -- | $0 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/25/2025 07/25/25 | For Sale | $2,300,000 | 0.0% | -- |
11/28/2022 11/28/22 | Rented | $3,000 | +3.4% | -- |
10/01/2022 10/01/22 | Price Changed | $2,900 | -14.7% | $1 / Sq Ft |
08/03/2022 08/03/22 | For Rent | $3,400 | 0.0% | -- |
02/18/2022 02/18/22 | Sold | -- | -- | -- |
11/24/2021 11/24/21 | Pending | -- | -- | -- |
11/20/2021 11/20/21 | For Sale | $850,000 | -- | $231 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | -- | Hay Legal Group Pllc |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $595,000 | New Conventional |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21013110

APN: 73261
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