Located in Cooke County just minutes from Gainesville, this 40.5A± acre property offers a rare combination of location, usability, and long-term investment potential in North Texas. Positioned only 2 miles from I-35 and approximately 6 miles from downtown Gainesville, the property provides excellent access while maintaining a quiet rural setting that appeals to buyers seeking space and flexibility.The land is predominantly open pasture, making it well-suited for cattle grazing, horses, or agricultural use. The property is currently ag exempt, helping reduce annual property taxes and making it attractive for both investors and landowners looking to maintain agricultural operations. A stocked pond adds both visual appeal and functional value, providing a water source for livestock and opportunities for fishing and recreation.This tract features approximately 1,200 feet of county road frontage, offering strong accessibility and multiple entry points. The extensive frontage also enhances the property's potential for subdivision or future development. With no known floodplain and no restrictions in place, buyers have the flexibility to design and utilize the land according to their specific goals, whether building a custom country home, establishing a small ranch, or exploring development opportunities.Utilities are conveniently located nearby, including access to electricity and water, which simplifies the process of building and reduces upfront infrastructure costs. The level to gently rolling terrain allows for easy site preparation and supports a variety of uses, from residential construction to agricultural improvements.The location is a key highlight, with proximity to major transportation routes including I-35 and Highway 82, approximately 10 miles away. This makes commuting to larger markets such as Denton or the Dallas-Fort Worth metroplex more convenient while still enjoying the benefits of rural living in Cooke County.Outdoor enthusiasts will appreciate the open space and potential for recreational activities such as horseback riding, ATV use, and light hunting. The pond and pasture setting create an ideal environment for enjoying the outdoors year-round.Whether you are looking to build a private country estate, establish a working livestock property, or invest in land with development potential near a growing area, this 40.5-acre tract near Gainesville offers versatility and long-term value in a highly desirable North Texas location.
Lot/land
$891,000
Wplot003 Cres #218, Gainesville, TX 76240
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What's special
Stocked pondPond and pasture settingPredominantly open pastureOpen spaceQuiet rural setting
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Zillow last checked:
Listed by:
Whitetail Properties,
Whitetail Properties
Source: Whitetail Properties,MLS#: 110463
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Listed for sale | $891,000 |
Source: Whitetail Properties #110463 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 76240
Nearby schools
GreatSchools rating
- NAEdison Elementary SchoolGrades: PK-1Distance: 3.8 mi
- 3/10Gainesville Junior High SchoolGrades: 7-8Distance: 2.9 mi
- 3/10Gainesville High SchoolGrades: 9-12Distance: 2.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Cooke County
- Gainesville
- 76240
- Wplot003 Cres Unit 218







