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31.33+/- Acre Zoned Single-Family Site | Howe, TX

$3,080,000

US-75, Howe, TX 75459, Howe, TX 75459

Active
Last Updated: 12/16/2024

31.33 acres

Lot Area

Zoned within PD-796 (SF-2)

Zoning

Details:
Lot Area:    31.33 acres
Zoning:    Zoned within PD-796 (SF-2)
Highlights:
  • The Site is located approximately 1.5 miles southeast of Texas Instruments and their future $30 billion semiconductor plant.
  • Future residents of Ponderosa Point will benefit greatly from retail and restaurants planned for the master planned community.
  • The Site is located less than a mile northeast of the Noble Ridge community where K. Hovanian Homes and Starlight Homes are currently selling homes up to $385,000.
  • The Site is currently zoned in a Planned Development with a base zoning of Single Family (SF-2).
  • Ownership is currently working on the preliminary plat for 112+/- lots which they anticipate completing by Q1 2025.
  • Based on the zoning requirements in the Planned Development, at least 40% of the site must be 60’x100’ lot sizes with the remaining 60% consisting of 50’x120’ lot sizes.
  • According to the US Census Bureau, Grayson County has a population of approximately 146,907 as of July 2023.
  • Grayson County has seen a recent wave of development, highlighted by the Preston Harbor master planned community and a Margaritaville resort
  • According to Texas Realtors, the median home price for new construction homes in Grayson County is $325,000 as of October 2024.
Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase 31.33+/- acres zoned Single Family (SF-2) in the Ponderosa Point mixed-use development in Howe, TX. Ownership is currently working on a preliminary plat for 112+/- single family lots with expected approval in Q1 2025 for 50’x120’ and 60’x100’ lot sizes. The Ponderosa Point mixed-use development will also include retail, multifamily, and build-to-rent in addition to the single family lots. Seller anticipates construction of the spine road through Ponderosa Point to be completed by summer 2025, providing direct access and utilities to the Site.

The Site is prominently located along US-75 directly across from Howe High School in the rapidly growing suburb that is 23 miles north of McKinney and 10 miles south of Sherman. This represents a great opportunity to acquire paper lots in a mixed-use development with utilities.

To gain access to the Due Diligence Vault click on the link below:

https://docsend.com/view/s/2tuerbfqzegue3jz

Map:
Documents:
Title
Marketing_Flyer_-_Howe_Single_Family_Lots.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
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