$1,800,000
TBD 120 AC Hwy 56, Southmayd, TX, 76268
About this property
120 Acres with varied terrain perfect for investment or to keep for your own use in rapidly growing Sherman area. Road frontage on two sides. Property is fenced on three sides and includes a pond. City of Southmayd water line runs along Hwy 56 and is nearby on the north side on Deaver Rd. GCEC electric line easement on south side. Excellent location just West of Hwy 289 & East of proposed future tollway. Many great build sites on the property. Hold as investment or use for residential, recreational or agricultural purposes. One hour North of Dallas.
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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: Southmayd
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