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#20706834, Kari Newton, Listing Office: Parker Properties Real Estate
Property details
About TBD Fm 51
This expansive 183-acre property offers a unique opportunity for developers, investors, or those looking to build a private retreat, minutes from the thriving city of Decatur. The property features approximately 1,928 feet of prime road frontage along FM 51, providing easy access and excellent visibility. With diverse terrain, including open fields and scattered tree cover, the land presents numerous possibilities for residential, commercial development, agricultural use, or recreational purposes. The proximity to Decatur ensures convenient access to city amenities, schools, and services, yet remains a peaceful, rural setting. This property is a rare find with endless potential, making it an excellent investment in one of North Texas's rapidly growing areas. Whether you're looking to create a residential community, start an agricultural operation, or simply enjoy the wide-open spaces, this land is a must-see.
Highlights
Home typeSingle Family Residence
StatusActive
Lot size183.5 Acres
MLS #20886478
Virtual tour
Summary
- MLS Number: 20886478
- MLS Name: NTR
- Office Name: Cannon Property Management & Cannon Realty, LLC
- Office Phone: (940) 627-6265
- Listing Agent: Kristal Campbell, Kassity Cannon
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Last updated on: 4/16/2025, 9:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,422,500
TBD Fm 51
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Price information
Property sales
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Tax history
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Nearby schools
5
Paradise Intermediate School
Public District 4-5
2.8 mi
•338 School House Rd
7
Paradise Elementary School
Public District PK-3
3.0 mi
•338 School House Rd
8
Young Elementary School
Public District PK-5
4.3 mi
•379 Buchanan Rd
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 $73,580. Residents of Decatur, TX typically earn between $35k-100k each year. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
13%
<35k
52%
35k-100k
24%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
22%
Single, No Kids
6%
Single, with Kids
40%
Married, No Kids
32%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
11%
12-17 yrs old
13%
18-34 yrs old
47%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About TBD Fm 51
This home is located at TBD Fm 51 in Decatur, TX and zip code 76234. Features: 0 bathroom. It has been listed on Rocket Homes since March 31, 2025 and is currently priced at $6,422,500.
The number of listings in Decatur, TX increased by 25% between February and March 2025. Listings spent 111 days on the market in March 2025, and had a median list price of $445,693 during the same period.
From Rocket Homes Real Estate and based on county public records data.