59 Acres W Fm, Blue Ridge, TX 75424

$7,000,000

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List Price
$7,000,000
MLS#
21299524
Status
ACTIVE
Type
Land
Subtype
Land
Acres
59
County
Collin
City
Blue Ridge
Subdivision
Blue Ridge North

Property Description

Fully Entitled 271-Lot Residential Development. Rare opportunity to acquire a fully entitled 59.02-acre residential development in the rapidly growing community of Blue Ridge, Texas. This premier project consists of 271 approved builder lots, a commercial tract, and a development framework designed to move directly into construction and lot delivery. The project benefits from a fully approved Planned Development (PD), providing a favorable entitlement structure and reducing development risk. Phase 1 civil engineering and construction plans have been fully approved, allowing a developer or homebuilder to immediately advance toward construction. Significant infrastructure investment has already been completed, including off-site sewer construction, eliminating a major hurdle in the development process. The seller offers flexibility to purchasers and is willing to sell the project as paper lots or finished lots, creating multiple acquisition and investment strategies. Located in one of the fastest-growing corridors of Collin County, the project offers convenient access to McKinney, Melissa, Princeton, Farmersville, and the greater Dallas-Fort Worth Metroplex. Project Highlights: 59.02 Acres 271 Approved Builder Lots Fully Entitled Residential Development PID Approved One Commercial Tract Included Favorable Planned Development (PD) Ordinance Phase 1 Civil & Engineering Plans Fully Approved Off-Site Sewer Construction Complete Sidewalk Connection to Award-Winning Blue Ridge ISD Schools Seller Will Consider Sale as Paper Lots or Finished Lots Excellent Access to Major North Texas Growth Corridors Ready for Immediate Development Execution

Additional Information

Lot Size
2,570,040
Acres
59
Lot Description
Subdivision, City Lot
School District
Blue Ridge Isd
Elementary School
Blueridge
Middle School
Blueridge
High School
Blueridge
Possession
CloseOfEscrow

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Calculator source: Real Geeks

Listing courtesy of Terence Burnside from BLVD Real Estate. Contact: 214-406-3724