#20996337, Coryann Johnson, Listing office: Texas Homes and Land
Property details
About 12153 Mustang Rd
Exceptional opportunity for investors and developers to acquire 10 acres of unzoned, unrestricted land in one of North Texas’ fastest-growing areas. Strategically located between FM 1385 and FM 2931, this property offers outstanding frontage and exposure along a major growth corridor — surrounded by new residential and commercial development. Positioned at the front of a planned 350-acre residential community, this property is primed for commercial, mixed-use, or income-producing development. With Denton County’s booming population and infrastructure expansion, the location offers long-term value and short-term opportunity. Investment Highlights: *10 acres (two 5-acre tracts) with excellent road frontage and high visibility *Unzoned & unrestricted in the county – ideal for retail, office, flex space, storage, or mixed-use *Two existing homes on site – suitable for interim use as rental units, site offices, or short-term income *High traffic counts and strong surrounding residential demand *Minimal holding costs with flexible exit strategies – develop now or land bank for future appreciation. With continued expansion along FM 1385 and nearby thoroughfares, this property offers the ideal footprint for scalable development in a high-demand submarket. Bring your vision and capitalize on the momentum.
Highlights
Virtual tour
Summary
- Heating: Central, Electric, Natural Gas
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $5,227,200
- Annual Tax Amount: $3,107
- Tax Year: 2024
- Lot: Interior Lot, Pasture, Subdivision, Few Trees
- Directions: Head East on HWY 380 from Denton. Go North on FM 2931 to a 4 way stop, cont. North and turn Right (East) on Mustang Road. GPS address
- Year Built: 2000
- Lot Size: 10 Acres
- MLS Number: 20980137
- MLS Name: NTR
- Office Name: Texas Homes and Land
- Office Phone: (214) 908-5468
- Listing Agent: Coryann Johnson
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Last updated on: 7/16/2025, 9:45:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $585,000 | $3,107 |
2023 | $600,000 | $3,808 |
2021 | $194,273 | $3,808 |
2020 | $188,234 | $2,717 |
2019 | $180,992 | $2,640 |
2018 | $165,514 | $2,640 |
2017 | $167,817 | $2,698 |
History based on county public records data.
Nearby schools
6
HL Brockett Elementary School
Public District KG-5
4.1 mi
•900 Chestnut St
6
Jackie Fuller Elementary School
Public District KG-5
4.9 mi
•10825 Quicksilver Blvd
2
Pilot Point Intermediate School
Public District 3-6
5.9 mi
•501 E Carol St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $125,484. The most common annual income of people living in Pilot Point, TX is between $100k-200k. Most families are married, no kids. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 12153 Mustang Rd
The listing price of 12153 Mustang Rd property is $5,227,200.
The property 12153 Mustang Rd is land located in Pilot Point, Texas, 76258.
Active Listing: 12153 Mustang Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 12153 Mustang Rd are: HL Brockett Elementary School (GreatSchools Rating 6/10), Jackie Fuller Elementary School (GreatSchools Rating 6/10), Pilot Point Intermediate School (GreatSchools Rating 2/10), Aubrey Middle School (GreatSchools Rating 5/10), Pilot Point Selz Middle School (GreatSchools Rating 5/10), Navo Middle School (GreatSchools Rating 5/10), Aubrey High School (GreatSchools Rating 7/10), Pilot Point High School (GreatSchools Rating 5/10), Braswell High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $3,107 (source: MLS/based on county public records data).
The property 12153 Mustang Rd is 10 acres.
The year of construction for 12153 Mustang Rd is 2000.
This home is located at 12153 Mustang Rd in Pilot Point, TX and zip code 76258. Features: 0 bathroom. It has been listed on Rocket Homes since June 24, 2025 and is currently priced at $5,227,200.
The number of listings in Pilot Point, TX increased by 21.7% between May and June 2025. In June 2025 median list price was $369,000 and the average listing age was 78 days.