




$1,250,000
206 Cherokee Path, Flower Mound, TX, 75028
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*** MULTIPLE OFFERS RECEIVED*** best and highest offer ends 8PM Sunday Nov. 2nd. Please use One to Four Family Residential contract NOT Unimproved Property Contract. Calling all Investors and Developers!!! Discover a rare opportunity to own a sprawling 5.14-acre estate in one of Flower Mound’s most desirable areas. This 2,881 sq ft single-story brick home, built in 1973, has served as a peaceful temple for over two decades and now awaits its next chapter. This property needs TLC, but the potential is undeniable, whether you're looking to renovate and create your dream home, or subdivide the land to build multiple residences. Per city it's currently zoned SF15, means single family home with minimum 15,000 sq. ft. lot. the canvas is yours, with over 224,000 sq ft of land, the possibilities range from luxury estate living to a boutique residential development. Nestled in a quiet, established. neighborhood with mature trees and natural beauty. It’s a place that has welcomed community and connection—and now it’s ready to be reimagined. North side and West side of the Property is Creekside at Heritage Park Subdivision that most million-dollar homes built by Toll Brother. Great location and minutes from top-rated schools, parks, and shopping centers. Easy access to major highways and DFW Airport.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Flower Mound
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