New Fairview

Highlights:

• Acreage: 243 acres suitable for residential development or agricultural use.
• Lot Sizes: Flexible development potential with parcels ranging from 0.51 to 5 acres.
• Ranch Use: Ample space for livestock, equestrian facilities, or outdoor recreation.
• Accessible Location: Close to major highways and urban centers.
• Natural Setting: Rolling terrain and mature trees enhance the land’s appeal.
• An excellent opportunity for developers or individuals seeking a private, multi-use property.

Description:

This 243-acre property offers versatile potential for development or private ranch use. Zoned to allow lot sizes from 0.51 to 5 acres, it’s ideal for creating custom homes, estates, or a ranch retreat.

This property presents an exceptional investment opportunity in a high-growth area within the Northwest Independent School District (ISD). The surrounding region is experiencing a surge in development, including a transformative $300 million mixed-use project to the east. This development mirrors the upscale appeal of Southlake Town Square, featuring retail shopping, dining establishments, City Hall, a fire station, outdoor parks, trails, single-family residential (SFR), and luxury multifamily housing.

Strategically located just 5 minutes from Highway 287, the site offers seamless connectivity to I-35, the Alliance Corridor, and downtown Fort Worth. Notably, the Alliance Corridor, a mere 20 minutes away, is a booming employment hub with over 60,000 workers—a figure that continues to grow as new companies establish roots in the area.

The City of New Fairview is discussing plans to extend water infrastructure to the site, while current regulations permit individual septic systems for lots over half an acre. This flexibility significantly reduces development costs. Furthermore, a 6.7-acre tract within the Highland Meadows subdivision at the property’s southeast corner (565 Audra) provides an additional advantage by potentially eliminating the need for a secondary entry road at FM 2264. Homes in the area, offered by a variety of builders, range from $300,000 to $650,000, reflecting the area's rising desirability and robust market demand.