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Investment Highlights

  • ONE OF THE LAST REMAINING LARGE DEVELOPABLE TRACTS IN THE AREA
  • All utilities to the site
  • 0.5 miles north of N Loop 288 with convenient access to Hwy 380 and I-35W to the west
  • Direct access to FM 428 through two permanent eastments to/from the property
  • Current zoning: SFR
  • 8,000 vehicles pass the property daily

Executive Summary

This ±184-acre tract is one of the last remaining large developable land positions in the FM 428 corridor, located between N. Loop 288 and the future Denton County Outer Loop and bordered by active residential development on two sides: Stark Farms (Beazer Homes) to the south and Stuart Ridge (D.R. Horton) to the west.
The infrastructure question is answered. Water and wastewater are in place at the southern boundary today, and the City of Denton has confirmed, based on a lift station flow analysis, that existing sewer capacity accommodates approximately 80 single-family units on the southern ±20 acres. The City's Clear Creek Interceptor, an active, funded capital project now advancing through design and easement acquisition, is aligned along the property's northern boundary and upon its scheduled 2028 completion will deliver gravity sewer service to the entire ±184 acres, removing the last infrastructure constraint to full buildout.
Ownership will divide. The southern ±20 acres can be acquired separately at $3.50/SF, either as a standalone, development-ready project or as the initial phase of a full ±184-acre buildout, allowing a buyer to bypass early-stage infrastructure risk and proceed directly to horizontal development while the interceptor delivers sewer to the balance of the tract.
A 450-lot single-family concept plan by LandDesign (2.5 DUA with 81.2 acres of open space), prepared following ownership meetings with City of Denton staff, demonstrates one proven path. The tract's scale, access, and utility position support a range of development and investment strategies at a compelling basis of $55,000 per acre.
Direct access to FM 428 is provided through two permanent easements at the northern and southern ends of the property, with approximately 8,000 vehicles passing daily. The site sits 0.5 miles north of N. Loop 288 with convenient access to Hwy 380 and I-35W.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 183.80 AC
Zoning SFR - Rural Residential - City of Denton allows for the same densities as the Horton and Beazer developments that border this property.

1 Lot Available

Lot 1

Lot Size 183.80 AC

- ±184 acres, will divide: southern ±20 AC available separately at $3.50/SF - $10,120,000 ($55,000/AC) - Water and sewer in place at the southern boundary today - City-confirmed sewer capacity for ±80 single-family lots on the southern ±20 AC - Clear

Description

Property Type: Land Proposed Use: Residential / Single-Family Development Total Size: ±184 Acres Sale Price: $10,120,000 Price Per Acre: $55,000 Divisible: Yes, southern ±20 AC at $3.50/SF Zoning: City of Denton Utilities: Water and sewer at southern boundary; Clear Creek Interceptor scheduled to serve full tract in 2028 Access: FM 428 via two permanent easements Location: FM 428, Denton, TX 76208

Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
R37122
Land Assessment
$4,184 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,184 CAD
  • Listing ID: 30287901

  • Date on Market: 2023-12-05

  • Last Updated:

  • Address: 0 FM 428, Denton, TX 76208

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