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$8,500,000

Est. payment - /mo

355 Acres Lot

Active

0000 W US 377 Highway Cresson, TX 76035

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20389118

HOA Y/N None

Lot Size 355.000 Acres

Acres 355.0

Property Sub-Type Unimproved Land

Property Description

Putteet Hill is a 626 acre subdivision that completed Phase 1 in 2022. Of the 97 - 2+ acre lots in Phase 1, 60% of them have already been sold. This gated community boasts concrete streets and underground utilities, providing a high-quality living environment. The average home price in the subdivision exceeds $1 million. Phase 2 is 355+ acres of land that can be developed residentially and commercially. The property has 3,890 feet more or less of frontage on Highway 377, making it an ideal location for various commercial ventures such as shopping centers, professional office spaces and schools. A Preliminary Plat for 2-acre home sites on the remaining 355 acres has been completed. Alternatively, a public water system is possible, which would provide additional density. Putteet Hill is poised to take advantage of the current growth of the Dallas-Fr Worth metroplex with the entrance to the Cresson bypass only 2 miles away.

Location

State TX

County Hood

Zoning Rural Residential City of Cresson

Direction From the Kroger at US 377 Hwy and Acton drive northeast 5 miles. The property is on the southeast side of US Hwy 377.

Exterior

Fence Barbed Wire, Gate

Utilities Available Aerobic Septic, All Weather Road, Concrete, Electricity Available, Electricity Connected, Gravel/Rock, Overhead Utilities, Phone Available, Septic, Underground Utilities, No Sewer, No Water

Street Surface Concrete,Gravel

Lot Frontage 3890.0

Garage No

Building

Lot Description Acreage, Agricultural, Interior Lot

Schools

Elementary Schools Acton

Middle Schools Acton

High Schools Granbury

School District Granbury Isd

Others

Restrictions No Mobile Home

Ownership J. Thomas Mercer & Morris Duree

Acceptable Financing Cash, Contact Agent, Conventional, Submit

Listing Terms Cash, Contact Agent, Conventional, Submit

Special Listing Condition Aerial Photo, Owner/ Agent, Survey Available, Utility Easement

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20389118

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by John Mercer • JTM-RE LLC

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0000 W US 377 Highway Cresson, TX 76035

LINK'D REALTY

Key Details

Location

Exterior

Building

Schools

Others

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0000 W US 377 Highway