Property details
About 15500 University Dr
DEVELOPERS DREAM! SURROUNDED BY NEW DEVELOPMENTS! Nestled on 16 acres of serene countryside just outside the city limits, this unrestricted property offers endless possibilities for development or personal retreat. With open pastures, mature trees, and a gentle rolling landscape, the land is both picturesque and functional, perfect for a variety of uses. This property features a large home with five oversized bedrooms, offering ample space for family, guests, or even rental opportunities. A spacious game room provides the perfect place for entertainment, while the commercial-sized kitchen is a dream for chefs, caterers, or those who love to cook and entertain. Surrounding the home is a 1,600-square-foot wraparound porch, where you can relax and take in the peaceful countryside views, watch the sunrise with a cup of coffee, or enjoy a cool evening breeze. New owners can choose to make cosmetic upgrades and live in the existing home or utilize the land for something else of their choosing. For developers, the expansive acreage provides ample space for a mobile home park, RV park, or commercial ventures, with easy access to major roads and utilities available nearby. Entrepreneurs looking for an event center or Airbnb investment will appreciate the peaceful setting, ideal for weddings, retreats, or vacation rentals. For those seeking a private homestead, the land is perfect for a single-family ranch home, offering plenty of room for animals, gardens, and a self-sufficient lifestyle. Imagine waking up to breathtaking sunrises, enjoying the wide-open spaces, and watching deer roam freely at dusk. With no restrictions, the opportunities are truly limitless. Whether you’re looking to build, invest, or create your dream country escape, this property is a rare gem that offers the best of both worlds—tranquility and potential.
Highlights
Virtual tour
Summary
- Parking: Boat, RV Access/Parking
- Exterior: Covered Courtyard, Deck, Lighting, Private Entrance, RV Hookup
- Heating: Central
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $1,750,000
- Annual Tax Amount: $12,993
- Tax Year: 2024
- Lot: Agricultural, Back Yard, Cleared, Lawn, Pasture, Few Trees
- Directions: 80 east to 548 north. 548 north to university drive. Go left. House is on the right about a half mile down.
- Year Built: 2000
- Lot Size: 16.234 Acres
- MLS Number: 20837805
- MLS Name: NTR
- Office Name: Call It Closed Realty
- Office Phone: (972) 955-2735
- Listing Agent: Melanie White
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Last updated on: 7/18/2025, 12:45:33 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 | $737,799 | $12,993 |
| 2023 | $747,078 | $5,118 |
| 2022 | $803,119 | $5,118 |
| 2021 | $597,787 | $4,125 |
| 2019 | $194,990 | $3,972 |
| 2018 | $207,040 | $4,469 |
| 2017 | $200,190 | $4,321 |
History based on county public records data.
Nearby schools
5
Griffin Elementary School
Public District KG-4
1.5 mi
•600 S Bois D Arc St
4
Smith Intermediate School
Public District 5-6
1.5 mi
•1750 Iron Gate Blvd
2
Crosby Elementary School
Public District KG-4
2.6 mi
•495 Diamond Creek Dr
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 $112,083. Most Forney, TX residents have annual incomes between $100k-200k. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
College Football
NASCAR
PGA/LPGA
Where do the neighbors shop?
Best Buy
Dick's Sporting Goods
Stein Mart
Where do the neighbors go to eat?
Texas Roadhouse
Arbys
Bob Evans
What do the neighbors drive?
Ram
GMC
Lincoln
What do the neighbors listen to?
Contemporary Christian
Adult Hits
News/Talk/Information
Frequently asked questions
About 15500 University Dr
The listing price of 15500 University Dr property is $1,750,000.
The property 15500 University Dr is land located in Forney, Texas, 75126.
Active Listing: 15500 University Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 15500 University Dr are: Griffin Elementary School (GreatSchools Rating 5/10), Smith Intermediate School (GreatSchools Rating 4/10), Crosby Elementary School (GreatSchools Rating 2/10), Brown Middle School (GreatSchools Rating 5/10), Jackson Middle School (GreatSchools Rating 6/10), Warren Middle School (GreatSchools Rating 8/10), North Forney High School (GreatSchools Rating 4/10), Forney High School (GreatSchools Rating 6/10), Rockwall - Heath High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $12,993 (source: MLS/based on county public records data).
The property 15500 University Dr is 16.234 acres.
The year of construction for 15500 University Dr is 2000.
This home is located at 15500 University Dr in Forney, TX and zip code 75126 in the Miller Farms neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $1,750,000.
Between May and June 2025, Forney, TX real estate market has seen increase in the number of listings by 7.4%. Listings spent 91 days on the market in June 2025, and had a median list price of $354,600 during the same period.