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3460 N Preston Lakes Dr 20 Acres of Agricultural Land Offered at $5,250,000 in Celina, TX 75009
INVESTMENT HIGHLIGHTS
- 3460 N Preston Lakes Drive is a land sale offering comprising two 10-acre tracts currently zoned AG, available together or separately.
- Affluent residents provide an optimistic long-term outlook as the average annual household income within a 15-minute drive is over $165,000.
- 5 miles from charming Downtown Celina, now flourishing with trendy breweries and bars, chic boutique shops, and popular restaurants.
- Celina’s population in 2024 was approximately 40,000, and the Dallas Business Journal estimates this will rise to 160,000 by 2030.
- Easy access to major cities in the DFW metroplex, within 15 to 30 minutes of Prosper, Frisco, McKinney, and Little Elm.
EXECUTIVE SUMMARY
Creed Commercial Development exclusively presents the sale of two 10-acre tracts at 3460 N Preston Lakes Drive in Celina, Texas.
Available separately or together, the tracts are currently zoned AG and are next to public roads to easily create future access points. 3460 N Preston Lakes Drive is immediately surrounded by large, dispersed estates, but dense single-family subdivisions are rapidly filling the area. These homes draw highly affluent residents, and the average home value in Celina was reported to be approximately $690,000 at the end of 2024, $200,000 more than the DFW metroplex’s average. As a result, Downtown Celina has blossomed with eclectic local establishments, and 3460 N Preston Lakes Drive is minutes from the city’s center.
Celina’s dynamic location is poised for long-term growth. Even after significant expansion in recent years, the number of households within a 5-mile radius is projected to rise by 23% from 2024 to 2029. Proximity to cities north of Dallas, including Frisco and McKinney, where high-income employment opportunities are increasingly abundant, only adds to its attractiveness. In preparation for this influx of residents, over $60 million was recently poured into capital improvements on public infrastructure, and commercial harbingers of growth, including Costco and Starbucks, have established presences in Celina. 3460 N Preston Lakes Drive’s position just off FM 289, Celina’s main artery, primes it for superior exposure with traffic counts of 20,394 vehicles per day.
Available separately or together, the tracts are currently zoned AG and are next to public roads to easily create future access points. 3460 N Preston Lakes Drive is immediately surrounded by large, dispersed estates, but dense single-family subdivisions are rapidly filling the area. These homes draw highly affluent residents, and the average home value in Celina was reported to be approximately $690,000 at the end of 2024, $200,000 more than the DFW metroplex’s average. As a result, Downtown Celina has blossomed with eclectic local establishments, and 3460 N Preston Lakes Drive is minutes from the city’s center.
Celina’s dynamic location is poised for long-term growth. Even after significant expansion in recent years, the number of households within a 5-mile radius is projected to rise by 23% from 2024 to 2029. Proximity to cities north of Dallas, including Frisco and McKinney, where high-income employment opportunities are increasingly abundant, only adds to its attractiveness. In preparation for this influx of residents, over $60 million was recently poured into capital improvements on public infrastructure, and commercial harbingers of growth, including Costco and Starbucks, have established presences in Celina. 3460 N Preston Lakes Drive’s position just off FM 289, Celina’s main artery, primes it for superior exposure with traffic counts of 20,394 vehicles per day.
SALE FLYER
PROPERTY FACTS
| Price | $5,250,000 | Property Subtype | Agricultural |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 20.00 AC |
| Property Type | Land | ||
| Zoning | AG - Agriculture | ||
| Price | $5,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Proposed Use | |
| Total Lot Size | 20.00 AC |
| Zoning | AG - Agriculture |
1 LOT AVAILABLE
Lot
| Price | $5,250,000 | Lot Size | 20.00 AC |
| Price Per AC | $262,500.00 |
| Price | $5,250,000 |
| Price Per AC | $262,500.00 |
| Lot Size | 20.00 AC |
Two 10-acre lots available for sale together or individually. Perfect for luxury home development in the beautiful countryside just north of Celina with new city street extending Kristina Court to N Preston Lake Dr.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $3,556 | Total Assessment | $3,556 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,556
Improvements Assessment
$0
Total Assessment
$3,556
SALE ADVISOR
SALE ADVISOR
David Drake, Partner and Director of Real Estate
David is a real estate professional with over 25 years of experience in the brokerage and development of single-tenant retail properties throughout tthe United States. Prior to partnering with Creed, David was a Development Partner at one of the nation's leading single-tenant real estate developers. David oversaw many of the firm’s real estate development functions, including the cultivation of client relationships, identification of new sites, analysis of unit economics, and territorial expansion for their clients.
Previously, David led the development operations for McDonald's Corporation in the southwest United States. During his eight-year tenure with McDonald's, David's commitment to excellence earned him numerous awards, including Mcdonald's "Outstanding Real Estate Manager,” and led his team to earn the multiple “National Development Team of the Year" awards.
David is a graduate of the University of Texas at Austin, where he earned a Bachelor of Arts in Environmental Resource Management.
Previously, David led the development operations for McDonald's Corporation in the southwest United States. During his eight-year tenure with McDonald's, David's commitment to excellence earned him numerous awards, including Mcdonald's "Outstanding Real Estate Manager,” and led his team to earn the multiple “National Development Team of the Year" awards.
David is a graduate of the University of Texas at Austin, where he earned a Bachelor of Arts in Environmental Resource Management.
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