$10,295,000
355± Acres
Active
Hood County, TX

Us 377, Cresson, Texas

MLS ID: 20389118
Status: Active
Price: $10,295,000
Acres: 355±
Type: Unimproved, Land
Address: Us 377
City, State: Cresson, TX
County: Hood County
ZIP Code: 76035
Parcel Number: Several

Description

Putteet Hill is a 626 acre subdivision that completed Phase 1 in 2022. Of the 97 - 2+ acre lots in Phase 1, 60% of them have already been sold. This gated community boasts concrete streets and underground utilities, providing a high-quality living environment. The average home price in the subdivision exceeds $1 million. Phase 2 is 355+ acres of land that can be developed residentially and commercially. The property has 3,890 feet more or less of frontage on Highway 377, making it an ideal location for various commercial ventures such as shopping centers, professional office spaces and schools. A Preliminary Plat for 2-acre home sites on the remaining 355 acres has been completed. Alternatively, a public water system is possible, which would provide additional density. Putteet Hill is poised to take advantage of the current growth of the Dallas-Fr Worth metroplex with the entrance to the Cresson bypass only 2 miles away.

Directions: From the Kroger at US 377 Hwy and Acton drive northeast 5 miles. The property is on the southeast side of US Hwy 377.

Additional Information

Exterior

Fencing: Barbed Wire, Gate
Lot Features: Acreage, Agricultural, Interior Lot, City Lot
Lot Size Area: 355
Lot Size Source: Owner
Lot Size Square Feet: 15,463,800
Pasture Area: 355
Road Frontage Type: City Street, Highway, All Weather Road
Road Surface Type: Concrete, Gravel

Financial/HOA/Schools

Elementary School: Acton
Elementary School District: Granbury ISD
Middle School: Acton
Middle School District: Granbury ISD
High School: Granbury
High School District: Granbury ISD
Zoning Description: Rural Residential City of Cresson

Extra Information

Documents Available: Survey, Topographical Survey
Everette Newland

Everette Newland

Denton, Texas

(940) 390-3410

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Listed By: John Mercer of Jtm-re Llc