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Old 09-16-2015, 02:19 AM
 
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Does anybody know the price of land in Dallas? We are looking to buy a 1 acre property in Frisco, Plano or Southlake. Please advise ball park numbers please.
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Old 09-16-2015, 02:28 AM
 
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Is that for a house? In a subdivision?

There isn't a market for stand alone acre lots for single family homes. Land in those cities is usually subdivided by developers and then each (sub acre) plot is then sold together with a new house on it.

There are subdivisions with acre lots but they also either come with a house or a small selection of builders that you must buy a house from.

=> difficult to give a realistic price for just the land.
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Old 09-16-2015, 04:45 AM
 
Location: Grapevine, Texas
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An entry level house on a standard (less than 1 acre) lot in Southlake is $500k. If you were lucky enough to find a 1 acre lot for sale without an existing house on it, you'd be competing against the developers for it, so it certainly wouldn't come cheaply.
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Old 09-16-2015, 06:46 AM
 
Location: Dallas, TX and Las Vegas, NV
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It depends on site location and if utilities easily obtainable on the property. There are parcels of land that are still relatively inexpensive but city sewer system or electric lines are not builder ready. Therefore its really difficult to answer this inquiry. You would actually have to identify several similar sites in each location and compare to determine median prices by location.

You could do an advanced search using one of the real estate websites looking for land only and then start yourself a spreadsheet. Also check out Trophy Club, Westlake, Roanoke and Colleyville for comparable communities.
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Old 09-16-2015, 07:27 AM
 
Location: Prosper
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I think you'll be looking at $400k just for the lot, and possibly even higher now that we're in such a strong market.

A 1 acre lot in McKinney in a desirable area was listed for $350k about two years ago, now there are none available.

You can still find lots for $100-$150k for an acre, but they are in far flung areas of McKinney or Frisco and far from any major development.
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Old 09-16-2015, 07:48 AM
 
Location: Frisco, TX
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There is a 1.67 acre lot in Frisco right now listed for $349k. It's around Eldorado/Custer.
http://www.realtor.com/realestateand...73-86056?row=1

Prosper has quite a few lots available, as low as $205k.
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Old 09-16-2015, 10:23 AM
 
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We were looking at 1 acre lots without a home in smaller subdivisions, like 5 to 15 homes, no more. Seems like there are some in Southlake, some in Frisco, almost none in Plano. We are leaning towards Southlake. But folks are pricing it around 500s. Not sure if its worth it and hence the question.
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Old 09-16-2015, 10:37 AM
 
Location: DFW - Coppell / Las Colinas
29,922 posts, read 34,535,636 times
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Quote:
Originally Posted by greyzone View Post
We were looking at 1 acre lots without a home in smaller subdivisions, like 5 to 15 homes, no more. Seems like there are some in Southlake, some in Frisco, almost none in Plano. We are leaning towards Southlake. But folks are pricing it around 500s. Not sure if its worth it and hence the question.
Only you can tell if it's worth it. Paying $500k for a lot means you probably will spend at least $1.5-2 million total to build a home.

Buying raw land is almost impossible in many areas. Be sure and check your zoning restrictions.
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Old 09-16-2015, 11:03 AM
 
3,166 posts, read 4,814,727 times
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Quote:
We were looking at 1 acre lots without a home in smaller subdivisions, like 5 to 15 homes, no more. Seems like there are some in Southlake, some in Frisco, almost none in Plano. We are leaning towards Southlake. But folks are pricing it around 500s. Not sure if its worth it and hence the question.
Sounds about right. The 1 acre lot my parents bought in a similar subdivision in unincorporated Denton County (Argyle city/Denton ISD) was over $125k I believe. Right now, I'd believe the remaining lots are probably closer to $175k.
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Old 09-16-2015, 11:51 AM
 
Location: Dallas, TX and Las Vegas, NV
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Probably better luck finding a fixer house on a site you like
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