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TBD Palamino Drive

Leonard, Texas 75452
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Acres9.55

Acres(Lot)

Prime Residential Development Opportunity – Leonard, TX. Excellent investment and development opportunity featuring 9.55 total acres comprised of five separate parcel numbers. The property has received preliminary plat approval for an 11-lot subdivision, with proposed lot sizes ranging from approximately 0.165 acres to 3.68 acres. Much of the heavy lifting has already been completed. The seller has obtained preliminary plat approval from the city and has begun infrastructure improvements, including installation of new water and sewer lines to the front of each proposed lot and road upgrades. Completion of the remaining construction items and approval by the City Engineer will allow for final plat approval and the ability to sell the lots individually. Projected subdivision sellout value is great upon completion, creating an attractive opportunity for developers, builders, investors, or land bankers looking for a project that is well underway. Ideally located just off US Highway 69 and adjacent to a recently completed residential community, the property benefits from excellent access and strong residential growth in the area. Students are served by Leonard ISD, including a recently constructed elementary school. The seller is seeking an early exit to focus on other investment opportunities, creating a unique chance for a buyer to complete the project and capture the remaining upside. Property Highlights: 9.55 acres total, 5 separate parcel numbers, Preliminary plat approved for 11 lots, Lot sizes from approximately 0.165 to 3.68 acres, Water and sewer improvements underway, Road improvements in progress, Estimated sellout value is great, Adjacent to newer residential development, Convenient access to US-69, Leonard ISD schools, Significant entitlement and infrastructure work already completed. A rare opportunity to acquire a near-complete subdivision project in a growing North Texas market.

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Detail Ic Property Details

Property Type : Land

Price : $665,000

AD Id : 85047910

MLS Id : 565118857

Lot Size : 9.55 Acres(Lot)

County : Fannin

Subdivision: Chandlers Landing #17

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Feature Features

  • Utilities

    City Sewer,City Water

  • Lot Information

    Lot Size (Acr): 9.5500 Lot Size Units: Acres Lot Size Square Feet: 415,998 Lot Features: Acreage,Cul-De-Sac,Interior Lot,Subdivision
  • Property Information

    Property Type: Land Property Sub Type: Unimproved Land Subdivision: PALAMINO 1ST ADDITION City: Leonard State: Texas Directions: GPS 920 Palamino Dr, Leonard, TX Property Status: Active

  • Listing Price Information

    Original List Price: $665,000
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 14318

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Leonard High School: Leonard Junior High School: Leonard School District: Leonard ISD
  • Utility Information

    Utilities: City Sewer,City Water
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD County Road 3120, Leonard, TX, 75452 $3,232,500 -- -- -- 215.50 Acres(Lot)
7939 S State Highway 78, Leonard, TX, 75452 $624,999 3 2 2,118 17.62 Acres(Lot)
TBD Mcilrath Road, Leonard, TX, 75452 $75,000 -- -- -- 1.10 Acres(Lot)
TBD 289 & 331 Mciirath .., Leonard, TX, 75452 $189,000 -- -- -- 3.20 Acres(Lot)
TBD 2 Mcilrath Road, Leonard, TX, 75452 $75,000 -- -- -- 1.10 Acres(Lot)
TBD Fm Hwy 272, Leonard, TX, 75452 $760,125 -- -- -- 77.17 Acres(Lot)
23 +/- ACRES County Rd .., Leonard, TX, 75452 $922,520 -- -- -- 23.06 Acres(Lot)
TBD Cr 4841 Tract 2, Leonard, TX, 75452 $340,000 -- -- -- 21.40 Acres(Lot)
TBD Cr 4841 Tract 1, Leonard, TX, 75452 $340,000 -- -- -- 21.40 Acres(Lot)
000 Tbd Fm 272, Leonard, TX, 75452 $1,222,491 -- -- -- 126.03 Acres(Lot)
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/22/2026 @ 23:39

MLS: 565118857 LISTED BY: Terence Burnside, BLVD Real Estate 214-406-3724 SOURCE: NTREIS - North Texas Real Estate Information

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