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Ladonia,TX 75449
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision D Davis
MLS Listing ID 20497109
Annual Tax Amount $24
Lot Size 26.124 Acres
Property Description
Investment potential only one mile from the shores Lake Ralph Hall. Lake Ralph Hall will be one of Texas? newest lakes and is under construction on the North Sulphur River in Southeast Fannin County. Once finished, Lake Ralph Hall will provide a host of recreational opportunities and environmental benefits. When the lake is filled and open to the public, it will offer a whole host of new opportunities, including fishing, boating, nature viewing and the nearby fossil park, which is one of Ladonia's most popular and visited sites. The new commercial opportunities will draw locals and visitor alike. The lake will provide crucial water for an area whose population is projected to increase in the next 50 years. Another aspect of Lake Ralph Hall is that this lake could turn into one of the deepest lakes in North Texas. The 300-feet wide, 60-feet deep channel could benefit the lake by resulting in increased water storage coupled with less evaporative loss, creating a fisherman's paradise.
Location
State TX
County Fannin
Zoning Agriculture and Ranching District just outside of the Single Family District for Lake Ralph Hall
Exterior
Fence Barbed Wire
Utilities Available Electricity Available,Gravel/Rock,Outside City Limits,Propane,No City Services
Building
Lot Description Acreage,Few Trees,Gullies,Pasture,Sloped,Tank/ Pond
Schools
Elementary Schools Fannindell
Middle Schools Fannindell
High Schools Fannindell
School District Fannindel Isd
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,Federal Land Bank
Listing Terms 1031 Exchange,Cash,Conventional,Federal Land Bank
Special Listing Condition Aerial Photo