0 Elliott RdSherman, TX 75092

This exceptional 44.65-acre tract presents a unique investment opportunity near the intersection of State Highway 289 (Preston Road) and State Highway 56 in Southmayd, Texas, Grayson County, zip code 75092. The property boasts beautiful pastureland, enhanced by a tranquil pond and a seasonal creek, with a tree line running through its center. Importantly, this land is situated outside any designated flood plain. Offering over 1,200 feet of frontage on paved Elliott Road, access to Preston Road is swift and convenient. Currently zoned Single Family Residential - District 2 (SF-2) under Southmayd Zoning Ordinance No. 278, the property allows for residential development with a minimum building site of 7,200 square feet (provided an approved sewer system is in place). Development densities range from 4 to 6 units per gross acre. The property is served by S&S Consolidated I.S.D. An existing agricultural lease and agricultural tax exemption are currently in place, offering potential tax advantages. This expansive parcel presents significant potential for various development scenarios, capitalizing on its prime location and desirable features. The coordinates are 33.6275477 latitude and -96.6858792 longitude.