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.
Lot/land
Price cut: $458.8K (10/2)
$5,505,000
Fm 51, Decatur, TX 76234
--beds
--baths
183.5Acres
Unimproved Land
Built in ----
183.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 268 days |
- 50 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 07:46am
Listed by:
Kristal Campbell 0728032,
Cannon Property Management & Cannon Realty, LLC 940-627-6265,
Kassity Cannon 0835289 940-389-1782,
Cannon Property Management & Cannon Realty, LLC
Source: NTREIS,MLS#: 20886478
Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: Barbed Wire,Perimeter,Wire
Lot
- Size: 183.5 Acres
- Features: Acreage, Agricultural, Cleared, Hardwood Trees, Pasture, Pond on Lot, Many Trees, Wooded
- Residential vegetation: Grassed, Partially Wooded, Wooded, Brush
Details
- Additional structures: Mobile Home
- Parcel number: 740464
- On leased land: Yes
- Zoning description: Land Ag
- Horses can be raised: Yes
Utilities & green energy
- Sewer: Private Sewer, Septic Tank
- Utilities for property: Electricity Available, Sewer Available, Septic Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Decatur
Financial & listing details
- Annual tax amount: $105
- Date on market: 3/31/2025
- Cumulative days on market: 269 days
- Listing terms: Cash,Conventional
- Exclusions: Deer feeder and hunting blinds
- Electric utility on property: Yes
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2025 | Price change | $5,505,000-7.7% |
Source: NTREIS #20886478 Report a problem | ||
| 5/30/2025 | Price change | $5,963,750-7.1% |
Source: NTREIS #20886478 Report a problem | ||
| 3/31/2025 | Listed for sale | $6,422,500 |
Source: NTREIS #20886478 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
Boost your down payment with 6% savings match
Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.
Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.Climate risks
Neighborhood: 76234
Nearby schools
GreatSchools rating
- 4/10Carson Elementary SchoolGrades: PK-5Distance: 4.6 mi
- 5/10Mccarroll Middle SchoolGrades: 6-8Distance: 5.3 mi
- 5/10Decatur High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: Rann
- Middle: Mccarroll
- High: Decatur
- District: Decatur ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading




