$166,000
823 S Park St, Terrell, TX, 75160
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About this property
Seize the chance to build your dream home on this spacious 7,000 sq. ft. lot in Terrell, TX. The property currently features a tear-down structure, making it the perfect blank canvas for a brand-new build that reflects today’s modern residential standards. The lot is mostly cleared, offering a wide open building area, while mature trees frame the perimeter for added privacy and charm. The home next door showcases exactly what’s possible with this strategy, providing inspiration for a high-value, contemporary new construction. Whether you’re a builder, investor, or future homeowner, this property offers size, location, and potential—all in one. Don’t miss the opportunity to bring your vision to life in this growing community.
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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: Terrell
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These are Deal List properties graded A+, A.
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