4.2± Prime, Developable Acres in Dallas-Fort Worth MSA

Highlights:

• Fully entitled for development of 34 luxury townhomes
• Unit mix: (14) 3 bed/3 bath; (20) 3 bed/2.5 bath
• Access to electricity, gas, telephone & water services on-site
• Collin County experienced a 3.55% increase in home value from 2023 to 2024

Description:

Bankruptcy Sale: Eastern District of Texas (Sherman) Petition No. 24-40749 | In re: Serene District Townhomes, LLC
Bid Deadline:
On-Site Inspections: By Appointment Only

Located in the northeastern suburbs of Dallas, this 4.2-acre parcel of land is fully entitled and shovel-ready for the development of 34 luxury townhomes. The development plans feature a mix of 3 bed/3 bath and 3 bed/2.5 bath townhomes with attached two-car garages. Rounding out the neighborhood are plans for a community center, pool and space for recreational sports, all located on the banks of Maxwell Creek.

As the Dallas/Fort Worth MSA continues to grow, neighboring towns continue to benefit. Home prices in Collin County have risen considerably in just the last year, and this property will allow the next investor or developer to capitalize on that growth.

Wylie, Texas has become one of the fastest-growing communities in Collin County. The city has a population of 61,078, a 6.2% increase from the 2020 census and up 230% since 2000. Positioned in the northeastern corner of the Dallas- Fort Worth metroplex, the city benefits from being part of the largest MSA in the southern United States. Numerous Fortune 500 companies are headquartered in the Dallas-Fort Worth area, including AT&T, Southwest Airlines, AECOM, American Airlines and more. Companies are also taking notice of Wylie specifically, with Sanden International opening North America’s first electric vehicle AC compressor line in town. The $25 million factory will support the growing electric vehicle market and the local economy.

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