




$575,000
523 E Franklin St, Grapevine, TX, 76051
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About this property
Located two & a half blocks east of Historic Main Street this is the only & one of the last opportunities to build from scratch on open land in Grapevine's Historic Township. Positioned between two custom homes designed by Russell Moran & built by Phil Ware this prime location is an interior lot surrounded by high end residential housing & adjacent Faith Christian School. At .20 acre, it is a larger lot than most in the College Heights-Downtown Neighborhoods. This land is in a Historic District & the house design will need to follow Grapevine Historic Preservation Commission architectural and building ordinances. The Listing Broker, or your Broker, can provide information on the Historic District ordinances & make introductions to builders and architects with experience in the neighborhood to make it a seamless process for you to dream up your own new construction home with the charm and character of an historic home. Experience the best of both worlds!
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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: Grapevine
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