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FM 75
Princeton, TX 75407
SEQ FM 75 & New Hope Rd E · Land For Sale
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61.12 AC
Executive Summary
KEY DEAL POINTS:
Fully entitled for 315 single family detached lots (200 x 50' lots + 115 x 40' lots) under City of Princeton Ordinance No. 2022.10.24.05. Entitlements run with the land and convey at closing.
GRANDFATHERED FROM MORATORIUM. The site is governed by an existing development agreement and is not subject to the City of Princeton's current citywide development moratorium. This is one of very few near term, shovel ready residential tracts available in Collin County.
Princeton CCN serves both water (CCN No. 13195) and wastewater (CCN No. 21057). Utility availability letters available upon request.
Adjacent Tract A within the same PD is separately entitled for a 205 unit Build to Rent community, providing complementary product mix and shared infrastructure efficiencies.
±240 acres in the immediate area is reportedly under contract to Green Brick Partners — strong validation of institutional builder demand in the immediate trade area.
Property is split between two school districts: ±16 acres in McKinney ISD (Webb Elementary / Scott Morgan Johnson Middle / McKinney North High) and ±45 acres in Princeton ISD (Green Elementary / Southard Middle / Princeton High). Combined tax rates of approximately 1.77% (MISD portion) and 1.88% (PISD portion).
PRICING: Available upon request — please call for pricing.
DUE DILIGENCE: A complete package is available to qualified buyers under CA, including the recorded development agreement, ordinance, concept plan, utility availability letters, title commitment, and survey.
Property Facts
1 Lot Available
Lot
| Lot Size | 61.12 AC |
| Lot Size | 61.12 AC |
±61.12 AC at SEQ FM 75 & New Hope Rd. Spine road frontage off CR 466 + access easement to FM 75. Level pasture; eastern creek/FEMA floodplain as open space. Princeton CCN water/sewer. Split MISD (±16 AC) / PISD (±45 AC).
Description
Franklin Land Company is pleased to offer a ±61.12 acre entitled residential development opportunity at the southeast corner of FM 75 and New Hope Road in Princeton, TX — currently the fastest growing city in the United States and one of the most rapidly expanding submarkets in Collin County. The property comprises Tract B of Planned Development 38 (PD 38), established under City of Princeton Ordinance No. 2022.10.24.05, and is fully entitled for 315 single family detached lots — 200 Type A lots (50' wide, 5,000 SF minimum) and 115 Type B lots (40' wide, 4,000 SF minimum). Critically, the site is grandfathered under its existing development agreement and is NOT subject to the City of Princeton's current citywide moratorium, offering a rare path to near term vertical construction in a supply constrained market. LOCATION & ACCESS The site has frontage via a dedicated spine road off County Road 466, plus a recorded access easement extending to FM 75 along the western boundary. Located approximately 30 miles northeast of downtown Dallas and 38 miles from DFW International Airport, with convenient connectivity to US 380, FM 75, and New Hope Road. UTILITIES Princeton CCN provides both water service (CCN No. 13195) and wastewater service (CCN No. 21057), with capacity confirmed under the development agreement. SURROUNDING DEVELOPMENT The site sits within an established corridor of master planned residential growth. Adjacent and nearby entitlements include: Whitewing Trails — 2,406 lots + 400 MF units Eastridge — 2,400 lots (under construction) Westridge — 1,103 lots (partially in development) Serenity — 700 lots Monticello Park — 287 lots Princeton Luxury Villas — 113 lots Sicily North & Sicily Lagoon Garden Homes of Venice (adjacent Tract A) — 205 unit BTR community ±240 acres reportedly under contract to Green Brick Partners This concentration of entitled inventory and active builder activity validates strong, sustained residential demand in the immediate trade area. SCHOOLS The property is split between two highly regarded Collin County school districts. Approximately 16 acres are within McKinney ISD (Webb Elementary, Scott Morgan Johnson Middle, McKinney North High School), and approximately 45 acres are within Princeton ISD (Green Elementary, Southard Middle, Princeton High School). Combined tax rates are favorable at approximately 1.77% (MISD portion) and 1.88% (PISD portion). MARKET DEMOGRAPHICS Princeton's population is estimated at approximately 46,700 in 2026, having grown 166% since the 2020 Census and continuing to expand at over 11% annually — the highest rate in the nation. The market boasts a median household income of $105,200 and a median age of 32.4, an ideal family driven demographic for entry level and move up single family product. ENTITLEMENT SUMMARY 315 total single family detached lots 200 Type A lots: 50' min. width, 5,000 SF min. lot area, 1,800 SF min. dwelling 115 Type B lots: 40' min. width, 4,000 SF min. lot area, 1,400 SF min. dwelling 4 to 6 units per gross acre maximum density 80% masonry requirement on all exterior walls above grade Front entry permitted; alleys not required Min. 8.5 acres usable open space including clubhouse, pool (2,200 SF water surface), splash pad, cabana, and three additional amenities HOA required for Tract B
