US-75
Howe, TX 75459
31.33+/- Acre Zoned Single-Family Site · Land For Sale
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31.33 AC
Investment Highlights
- The Site is located approximately 1.5 miles southeast of Texas Instruments and their future $30 billion semiconductor plant.
- The Site is currently zoned in a Planned Development with a base zoning of Single Family (SF-2).
- According to Texas Realtors, the median home price for new construction homes in Grayson County is $325,000 as of October 2024.
- Future residents of Ponderosa Point will benefit greatly from retail and restaurants planned for the master planned community.
- Ownership is currently working on the preliminary plat for 112+/- lots which they anticipate completing by Q1 2025.
- Grayson County has seen a recent wave of development, highlighted by the Preston Harbor master planned community and a Margaritaville resort.
Property Facts
Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase 31.33+/- acres zoned Single Family (SF-2) in the Ponderosa Point mixed-use development in Howe, TX. Ownership is currently working on a preliminary plat for 112+/- single family lots with expected approval in Q1 2025 for 50’x120’ and 60’x100’ lot sizes. The Ponderosa Point mixed-use development will also include retail, multifamily, and build-to-rent in addition to the single family lots. Seller anticipates construction of the spine road through Ponderosa Point to be completed by summer 2025, providing direct access and utilities to the Site. The Site is prominently located along US-75 directly across from Howe High School in the rapidly growing suburb that is 23 miles north of McKinney and 10 miles south of Sherman. This represents a great opportunity to acquire paper lots in a mixed-use development with utilities.
