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801 E Ovilla Rd 45.68 Acres of Residential Land Offered at $5,832,842 in Red Oak, TX 75154
EXECUTIVE SUMMARY
Presenting The Cascade Development, an exceptional mixed-use project spanning 45.642 acres, strategically located within the newly annexed Red Oak city limits.
Commercial Component:Includes 6.089 acres of commercial land, subdivided into three individual lots, offering excellent frontage and flexibility for retail, office, or service-based development.Residential Component:
Features 39.553 acres of single-family residential land, thoughtfully planned into 53 generously sized lots, each a minimum of 0.50 acres, perfect for upscale custom homes or a boutique community.
Development Status:
Construction documents are in the final stage of approval from the City of Red Oak.
The property has been replatted and will be finalized upon issuance of permits.
TXDOT has approved plans for new entrances, ensuring seamless access.
Oncor has provided preliminary plans for underground electrical lines and transformer locations.
The developer is responsible for completing all infrastructure and improvements.
Incentives:
This property is part of a TEA-designated EB-5 zone, allowing developers to leverage EB-5 investment funding—a compelling advantage for domestic and international investors seeking U.S. permanent residency through capital investment.
This is a rare opportunity to acquire a ready-to-develop, city-approved property in a growing market with strong commercial and residential demand.
PROPERTY FACTS
| Price | $5,832,842 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 45.68 AC |
| Property Type | Land | ||
| Zoning | Residential and Com - Residential and Commercial | ||
| Price | $5,832,842 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 45.68 AC |
| Zoning | Residential and Com - Residential and Commercial |
1 LOT AVAILABLE
Lot
| Price | $5,832,842 | Lot Size | 45.68 AC |
| Price Per AC | $127,689.19 |
| Price | $5,832,842 |
| Price Per AC | $127,689.19 |
| Lot Size | 45.68 AC |
The Cascade Development!!!!! Total land is in 45.642 Acres. 6.089 Acres of Commercial lot divided in 3 separate lots. 39.553 Acres of Single-Family Residential Lots marked in 53 lots with minimum 0.50 Acres in size. Constructions documents are in the
DESCRIPTION
The Cascade Development!!!!! Total land is in 45.642 Acres. 6.089 Acres of Commercial lot divided in 3 separate lots. 39.553 Acres of Single-Family Residential Lots marked in 53 lots with minimum 0.50 Acres in size. Constructions documents are in the final stage of approval from the city. Property has been annex into Red Oak City Limits. Property has been re-plated and will be finalized once permits is issued by city. TXDOT approved plans for new entrances. Oncor has provided preliminary design for transformer location and underground electrical lines. Developer will be responsibly. This is TEA Eb5 Listed property zone so any developers can get the funding through EB5 investments.
PROPERTY TAXES
| Parcel Number | 192369 | Improvements Assessment | $175,357 |
| Land Assessment | $1,483,742 | Total Assessment | $1,659,099 |
PROPERTY TAXES
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801 E Ovilla Rd
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