7650 Fm 897 Telephone, TX 75488
Property details
About 7650 Fm 897
Private Retreat with Investment Potential Near Bois d’Arc Lake. Discover 7650 FM 897, Telephone, TX 75488, a rare blend of privacy, convenience, and opportunity in one of North Texas' fastest-growing lake regions. This 2020-built 3 bed, 2 bath home with a workshop is surrounded by mature trees on 20 acres, offering complete seclusion for families, vacationers, and retirees seeking a peaceful retreat. Enjoy tranquil evenings, nature-filled getaways, and the perfect place to invest in your legacy or retire in peace. Located just 5 minutes from the 897 Boat Ramp on Bois d’Arc Lake, this property provides prime access to fishing, boating, and outdoor adventures. With Lake Bonham under 20 minutes away and the upcoming Lake Ralph Hall (completion in 2026) under 30 minutes, the recreational opportunities are endless. For investors and commercial buyers, the 1,100+ feet of FM 897 frontage and surrounding commercial zoning make this a prime business location in a high-growth area. Whether you envision a lake-related business, short-term rentals, or a long-term investment in the booming North Texas market, this property is a rare opportunity to capitalize on the region's expansion. Live, invest, or build your business in one of Texas' most promising destinations. Come tour your future property! *Buyer to Verify All Information*
Highlights
Virtual tour
Summary
- MLS Number: 20854198
- MLS Name: NTR
- Office Name: C4 Home and Land Team
- Office Phone: (214) 225-9545
- Listing Agent: Hannah Cupps
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Last updated on: 3/3/2025, 11:55:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,699,999
7650 Fm 897
$10,000
closing credit¹
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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 | $2,126,596 | $19 |
| 2023 | $314,052 | $19 |
| 2022 | $242,838 | $19 |
| 2021 | $- | $19 |
History based on county public records data.
Nearby schools
7
Sam Rayburn Elementary School
Public District PK-6
7.1 mi
•9363 E FM 273
2
Finley-Oates Elementary School
Public District KG-3
10.0 mi
•1901 Albert Broadfoot St
7
Honey Grove Elementary School
Public District PK-5
10.5 mi
•1202 17th 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 $50,000. The most common annual income of people living in Telephone, TX is between $35k-100k. Typical family type is married, no kids. The majority of residents in this area have high school diploma education.
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?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Dollar General
Academy Sports & Outdoors
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Ram
What do the neighbors listen to?
Classic Country
New Country- Country
Frequently asked questions
About 7650 Fm 897
This home is located at 7650 Fm 897 in Telephone, TX and zip code 75488. This 1,840 square foot home, which was built in 2020, sits on a 20.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $1,699,999.
The number of homes for sale in Telephone, TX increased by 75% between January and February 2025. The median list price of listings available in February 2025 was $385,000, while the average time on the real estate market was 129 days.