2950 fm 2181-1
Facebook
2950 fm 2181-2
Facebook
2950 fm 2181-3
Facebook
2950 fm 2181-4
Facebook
2950 fm 2181-5
Facebook
2950 fm 2181-6
Facebook
2950 fm 2181-7
Facebook
2950 fm 2181-8
Facebook
2950 fm 2181-9
Facebook
2950 fm 2181-10
Facebook
2950 fm 2181-11
Facebook
2950 fm 2181-12
Facebook
2950 fm 2181-13
Facebook
2950 fm 2181-14
Facebook
2950 fm 2181-15
Facebook
2950 fm 2181-16
Facebook
2950 fm 2181-17
Facebook
2950 fm 2181-18
Facebook
2950 fm 2181-19
Facebook
2950 fm 2181-20
Facebook
2950 fm 2181-21
Facebook
2950 fm 2181-22
Facebook
2950 fm 2181-23
Facebook
2950 fm 2181-24
Facebook
2950 fm 2181-25
Facebook
2950 fm 2181-26
Facebook
Price $12,000,000 USD
Status Active
Bedrooms 0
Lot Size 106 acres
MLS 13964857
County Denton County
Resources

2950 Swisher Road
Corinth, TX, United States

Description

The property is in southern Denton County on the northern banks of Lake Lewisville, on the eastern side of the lake with easy access to numerous employment centers and both major airports (DFW International and Love Field). The physical address for the property is 2950 Swisher Rd, Corinth, TX. It is about 25 minutes north of Downtown Dallas and 10 minutes south of Denton. Swisher connects to IH 35E a couple miles east and on to the North Dallas Tollway, another 10 miles further east. IH 35E recently completed a $1.4 billion expansion of the main lanes and added express lanes from Denton south to beyond IH 635. Less than a mile to the west is the recently completed expansion of FM 2499 that runs south to the DFW Airport. The land has incredible views from numerous locations due to the very hilly terrain. The highest point of elevation on the property is approximately 610 +/- feet above sea level along both the east and west boundaries of the property on either side of the 15 acre lake known as Long Lake, the smaller 3-4 acre lower lake and Lake Lewisville. The lowest point of elevation on the property is approximately 530 +/- feet above sea level where the waters of Lake Lewisville meet the boundary line. The property has frontage on the lakes at multiple locations. The property has some open, flat areas, but is primarily heavily treed with rolling hills and ravines. Soil types on the property include Konsil fine sandy loam and Birome-Rayex-Aubrey complex, which would not be suitable for planting crops but adequate for wildlife or livestock. The property has several curb cuts and left lane median cuts along the 1,710 feet of frontage on the south side of Swisher Road (FM 2181), a 6 lane divided east west thoroughfare with over 21,000 cars daily. City of Corinth water and sewer are available to the property along Swisher Road on the north side of the property. The city of Corinth has a current population of over 22,000 and expected to grow over 15% during the next 5 years. The property offers an abundance of recreational opportunities including fishing, boating, jet skiing, and waterskiing as well as equestrian opportunities. This former ranch would make a fantastic intown retreat or home for an individual or two who could enjoy the lake views and secluded, rural feel while letting the land continue to appreciate until it is developed more fully. An existing two-story house and adjacent boat house overlook Long Lake on the east side. Both houses have good bones but need TLC. The subject proterty was originally planned to be a single-family development around the 15-acre private lake, the smaller 3-4-acre lake and along the northern shore of Lake Lewisville. Approximately $14.5 million has been invested to complete fully engineered plans, platted lots, and infrastructure. The current plans have 99 residential lots and 16 acres of land zoned commercial. Phase I was competed in the southwestern portion of the property which includes the concrete, two lane road extension of Oak Bluff Drive (currently a street out of Serendipity Hills development with the homes ranging from $500,000 to over $1 million) and several unnamed cul-de-sacs with street lighting and utilities for +/- 20 lots. The opportunity for development still exists and would be the highest and best use for the property. The current zoning is PD-36 and allows for 99+ single family lots (minimum 0.5 acre lots) and 16 acres of commercial land (250,000 sf). However, with a thoughtful new plan, the town of Corinth appears willing to support a revised plan with higher density. Additionally, the city has indicated that economic incentives may be available for the property. Contact Listing Broker for information on Minerals.

Presented by

1428616370 View Business Profile

Briggs Freeman Sotheby's Intl. Real
Main: +1 214 350 0400
Toll Free: +1 888 353
Fax: +1 214 350 7503

Request More Information