Active Option Contract

TBD Fm 697

Sherman, Texas 75090
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SqFt587

Sqft(Lot)

Rare opportunity to own 587 acres in Sherman, TX located within 5 miles of US Hwy 75, Hwy 82 and downtown Sherman. This site has approximately 11,000ft of road frontage and borders three road: FM 697 on two sides, JP Cave Rd and Independence Springs. There is gentle topography on the majority of the property and some flood plain located on the very south side of the property along the southern border. This land is located in Sherman ISD and is partially in Sherman's ETJ and partially in the County. There are minimal easements on the property, and it is agriculturally assessed. The land is partially in Pink Hill water CCN and partially in Sherman's water CCN and fully in Sherman's sewer CCN. Water and sewer are roughly 2 miles to the west.

Detail Ic Property Details

Property Type : Land

Price : $15,206,000

AD Id : 75099754

MLS Id : 550942681

Lot Size : 587 Sqft(Lot)

County : Grayson

Subdivision: Harvest Townside Pha

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Map

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Feature Features

  • Utilities

    All Weather Road,Asphalt,Outside City Limits

  • Lot Information

    Lot Size (Acr): 587.0000 Lot Size Units: Acres Lot Size Square Feet: 25,569,720 Lot Size Source: Other Lot Features: Acreage,Agricultural,Cleared,Level,Pasture
  • Property Information

    Property Type: Land Property Sub Type: Unimproved Land Subdivision: G-0425 FOX JAMES A City: Sherman State: Texas Directions: The nearest address you can search in GPS to find this location is 2773 FM 697 SHERMAN, TX. Driving north on Hwy 11, turn east onto FM 697 and drive for about two miles and the property will be on the north and south side of the road. See attachments for the flyer which will show you the site. Property Status: Active Option Contract

  • Listing Price Information

    Original List Price: $15,206,000
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 125926

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Dillingham Middle School: Sherman High School: Sherman School District: Sherman ISD
  • Utility Information

    Utilities: All Weather Road,Asphalt,Outside City Limits
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD First Street, Sherman, TX, 75090 $200,000 -- -- -- 3.17 Acres(Lot)
950 Old Ida Road, Sherman, TX, 75090 $1,986,500 -- -- -- 68.50 Acres(Lot)
322 Grigg Road, Sherman, TX, 75090 $499,000 -- -- -- 23.04 Acres(Lot)
1578 Campground Road, Sherman, TX, 75090 $2,100,000 -- -- -- 44.17 Acres(Lot)
738 Campground Road, Sherman, TX, 75090 $2,348,000 -- -- -- 49.50 Acres(Lot)
TBD Independence Springs, Sherman, TX, 75090 $1,492,000 -- -- -- 121 Acres(Lot)
TBD Fm 697, Sherman, TX, 75090 $495,000 -- -- -- 11 Acres(Lot)
TBD Key Rd, Sherman, TX, 75090 $299,900 -- -- -- 12.15 Acres(Lot)
TRACT 2 Key Road, Sherman, TX, 75090 $395,000 -- -- -- 16.06 Acres(Lot)
TBD LOT 1-4 Adams Road, Sherman, TX, 75090 $270,000 -- -- -- 6.15 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 06/08/2026 @ 17:05

MLS: 550942681 LISTED BY: Terrin Bertholf, Bertholf Commercial Real Estate 903-267-1573 SOURCE: NTREIS - North Texas Real Estate Information

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