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Lot/land
  • $4,850,000

    3500 Murvil St, Decatur, TX 76234

    --beds
    0baths
    139.85Acres
    Unimproved Land
    Built in ----
    139.85 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    139.85 Acres for Sale in Decatur, Wise County, Texas | Paved Frontage on FM 51 and Murvil Street 3500 S Murvil Street is a 139.85 acre ranch on the south edge of Decatur, the county seat of Wise County, Texas. It adjoins the Decatur city limits on the north and has 1,924 feet of paved road frontage: 1,590 feet on Murvil Street and 334 feet on FM 51. The property has no deed restrictions. Tracts of this size this close to town rarely come to market in Wise County. Land and Water The ranch is gently rolling improved and native pasture between about 850 and 890 feet of elevation, with mature oaks and two wooded draws that drain southwest toward Center Creek. Wise County Appraisal District classifies 60 acres as improved pasture and 67.5 acres as native pasture. The land currently runs a working cattle operation and is ag valued on 127.5 acres. Several stock ponds sit through the center of the ranch, the largest about 1.5 acres. Groundwater is readily available in this part of Wise County, and area water wells generally run 200 to 400 feet deep. Improvements The single story home has 2,700 SQFT of living area, two covered porches, and paved and concrete drives off Murvil Street. Barns of 4,800 and 1,800 SQFT, a 980 SQFT shed, a storage building and carports support the cattle operation. Gas well sites are located on the property; contact the broker regarding mineral rights. Location and Access The ranch sits at Murvil Street and FM 51, a primary route into Decatur from the south. TxDOT counted 11,615 vehicles per day on FM 51 at the southeast corner of the property in 2024. The Wise County fairgrounds are nearby, and the courthouse square, US 287 and US 380 are a few minutes away. Downtown Fort Worth is about 40 miles southeast, with Alliance and Denton within easy reach. Growth Decatur added 875 residents in 2024, a 12.3% gain (NCTCOG), and Wise County has grown about 22% since the 2020 Census. The neighboring tract to the north is zoned for multifamily at up to 21 units per acre, and Paloma Trails, a 165 acre master planned community, is under construction east of downtown. Homes in the 76234 ZIP code sold for a median $475,000 in September 2026 (RPR). Best Uses A working ranch close to town, a long term land investment in the path of growth, or a large development tract with paved frontage on two roads. Property Details Address: 3500 S Murvil Street, Decatur, Texas 76234 County: Wise Acreage: 139.854 acres per survey dated April 8, 2025 Survey: S. Isaacs Survey, Abstract No. 454 School district: Decatur ISD Taxes: $9,120 per year Ag valuation: 127.5 acres Restrictions: None Showing: By appointment with the listing broker Information is deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information. ________________________________________________________________________ This property is exclusively listed For Sale by , Associate Broker with Williams Trew. Prospective buyers may be required to furnish proof of funds or a bank reference letter prior to scheduling a showing. No trespassing is permitted, and all showings must be coordinated in advance and accompanied by the seller's agent. The information contained herein has been obtained from sources deemed reliable; however, neither Williams Trew nor Ebby Halliday makes any representation or warranty, express or implied, as to its accuracy or completeness. This offering is subject to errors, omissions, changes in price or terms, prior sale, or withdrawal from the market without notice. Buyers and their representatives are advised to independently verify all information, including but not limited to acreage, boundaries, improvements, utilities, mineral rights, and any easements or encumbrances of record. For additional information or to schedule a private showing, please contact directly at .
    412 days
    25
    1

    Zillow last checked:

    Listed by:

    Allen Crumley,

    Williams Trew 817-862-4459

    Source: REALSTACK,MLS#: 66505

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Features
      • Has basement: No
      Video & virtual tour

      Property

      Lot
      • Size: 139.85 Acres
      Details
      • Parcel number: 740294

      Community & HOA

      Location
      • Region: Decatur

      Financial & listing details

      • Tax assessed value: $332,844
      • Date on market: 9/11/2025
      • Lease term: Contact For Details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/8/2026Listed for sale$4,850,000-8.1%
        Source: REALSTACK #66505 Report a problem
        9/11/2025Listed for sale$5,280,000
        Source: REALSTACK #66505 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $332,844
        2025$3,997 -2.4%$332,844 -1%
        2024$4,097 +862.2%$336,353 +26.3%
        2023$426 $266,280 +10%
        2022-- $242,073 +10%
        2021$665 +0.7%$220,070 +5.1%
        2020$661 +1.7%$209,300 +2.3%
        2019$649 +1.1%$204,570 +4.6%
        2018$642 +1.8%$195,560 +16.5%
        2017$631 $167,890 +3.5%
        2016-- $162,180 +19.3%
        2015-- $135,930 +4.4%
        2014-- $130,210 -1.2%
        2013-- $131,800
        2012-- $131,800 -10.8%
        2011-- $147,710
        2010-- $147,710
        2009-- $147,710
        2008-- $147,710
        2007-- $147,710
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 76234

        Getting around

        2 / 100
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