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$2,621,448

$2,912,721

TBD State Hwy 56, Southmayd, TX, 76268

On MarketInfo
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Baths0 Bath
Unimproved LandUnimproved Land

About this property

Located just outside Whitesboro along Highway 56, this exceptional 85.55± acre tract offers a versatile combination of recreational, agricultural, and residential possibilities in the heart of rapidly growing Grayson County. With approximately 500 feet of highway frontage, the property provides excellent access and visibility. The land features a blend of open pasture and mature hardwoods across predominantly level terrain, creating an ideal setting for a custom home, hobby farm, livestock operation, or recreational retreat. Two ponds and two creeks provide water for livestock and wildlife while enhancing the property's natural beauty and recreational appeal. Wildlife enthusiasts will appreciate the habitat that supports whitetail deer and feral hogs, making this an excellent hunting property. The combination of timber, open pasture, and water sources creates a diverse landscape suited for year-round outdoor enjoyment. Utilities are available nearby, subject to buyer verification, offering added flexibility for future improvements. The property currently benefits from a tax exemption, providing potential savings for qualified buyers. Conveniently located near Whitesboro, Sherman, Denison, and Gunter, this property offers easy access to shopping, dining, employment centers, and the continued growth occurring throughout the Texoma region. Whether you're looking for a recreational getaway, grazing land, a future homesite, or a long-term land investment, this tract offers a variety of potential uses. A portion of the property is located within the FEMA 100-year floodplain. Buyers should independently verify floodplain boundaries, utility availability, zoning, tax exemptions, and any intended use of the property.

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,729 /month
Positive
Cash Flow Estimate:
$5,243 /month

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Corey Baumann

Whitetail Properties Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

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.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Southmayd

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TBD State Hwy 56 | Property Details | No Agent List