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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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Tbd Palamino Drive , Leonard, TX 75452
$535,000
Est. Payment: $2,754.41/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 68
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Prime Residential Development Opportunity – Leonard, TX. Excellent investment and development opportunity featuring 9.55 total acres comprised of five separate parcel numbers. The property has received preliminary plat approval for an 11-lot subdivision, with proposed lot sizes ranging from approximately 0.165 acres to 3.68 acres. Much of the heavy lifting has already been completed. The seller has obtained preliminary plat approval from the city and has begun infrastructure improvements, including installation of new water and sewer lines to the front of each proposed lot and road upgrades. Completion of the remaining construction items and approval by the City Engineer will allow for final plat approval and the ability to sell the lots individually. Projected subdivision sellout value is great upon completion, creating an attractive opportunity for developers, builders, investors, or land bankers looking for a project that is well underway. Ideally located just off US Highway 69 and adjacent to a recently completed residential community, the property benefits from excellent access and strong residential growth in the area. Students are served by Leonard ISD, including a recently constructed elementary school. The seller is seeking an early exit to focus on other investment opportunities, creating a unique chance for a buyer to complete the project and capture the remaining upside. Property Highlights: 9.55 acres total, 5 separate parcel numbers, Preliminary plat approved for 11 lots, Lot sizes from approximately 0.165 to 3.68 acres, Water and sewer improvements underway, Road improvements in progress, Estimated sellout value is great, Adjacent to newer residential development, Convenient access to US-69, Leonard ISD schools, Significant entitlement and infrastructure work already completed. A rare opportunity to acquire a near-complete subdivision project in a growing North Texas market.

Highlights

Listed by Terence Burnside , and Haden Stinson , BLVD Real Estate , North Texas Real Estate Information Systems

Property Type

Vacant Land

Lot/Acreage
9.55

County

Fannin

Neighborhood

Palamino 1St Addition

School District

Leonard ISD

Listing ID

21304397

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Acreage,Cul-De-Sac,Interior Lot,Subdivision,5 to < 10 Acres
Zoning:Residential
Principal Interest
$2,754
Taxes
$341

Home Price

$535,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$107,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,754.41

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,754.41 $341.06 $0.00 $3,095.47
Yearly $33,052.95 $4,092.75 $0.00 $37,145.70
Total $991,588.44 $122,782.50 $0.00 $1,114,370.94

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Leonard, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

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