New Fairview

565 Audra Circle | FM 2264 Rhome, TX 76078

565 Audra Circle | FM 2264, Rhome, TX, 76078
565 Audra Circle | FM 2264, Rhome, TX, 76078 565 Audra Circle | FM 2264, Rhome, TX, 76078
FOR SALE
Property Type:
Other Land
Amount:
$4,900,000
Last Verified:
Jan 21, 2025

Daily Email Blast
0 times


Highlights

  • Acreage: 243 acres suitable for residential development or agricultural use.
  • Lot Sizes: Flexible development potential with parcels ranging from 0.51 to 5 acres.
  • Ranch Use: Ample space for livestock, equestrian facilities, or outdoor recreation.
  • Accessible Location: Close to major highways and urban centers.
  • Natural Setting: Rolling terrain and mature trees enhance the land’s appeal.
  • An excellent opportunity for developers or individuals seeking a private, multi-use property.

Description

This 243-acre property offers versatile potential for development or private ranch use. Zoned to allow lot sizes from 0.51 to 5 acres, it’s ideal for creating custom homes, estates, or a ranch retreat.

This property presents an exceptional investment opportunity in a high-growth area within the Northwest Independent School District (ISD). The surrounding region is experiencing a surge in development, including a transformative $300 million mixed-use project to the east. This development mirrors the upscale appeal of Southlake Town Square, featuring retail shopping, dining establishments, City Hall, a fire station, outdoor parks, trails, single-family residential (SFR), and luxury multifamily housing.

Strategically located just 5 minutes from Highway 287, the site offers seamless connectivity to I-35, the Alliance Corridor, and downtown Fort Worth. Notably, the Alliance Corridor, a mere 20 minutes away, is a booming employment hub with over 60,000 workers—a figure that continues to grow as new companies establish roots in the area.

The City of New Fairview is discussing plans to extend water infrastructure to the site, while current regulations permit individual septic systems for lots over half an acre. This flexibility significantly reduces development costs. Furthermore, a 6.7-acre tract within the Highland Meadows subdivision at the property’s southeast corner (565 Audra) provides an additional advantage by potentially eliminating the need for a secondary entry road at FM 2264. Homes in the area, offered by a variety of builders, range from $300,000 to $650,000, reflecting the area's rising desirability and robust market demand.

Lot Size: 243.0 acres

Map of 565 Audra Circle | FM 2264, Rhome, TX, 76078

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.