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04-11-2008, 01:34 PM
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Senior Member
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Join Date: Feb 2008
139 posts, read 129,693 times
Reputation: 33
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How far do i have to drive to buy land for $500 acre
Im looking to make a small investment in maybe 5-10 acres of land for a cheap price.From what i hear some sell for $100 acre.But of course i doubt its close to the area.So how far would i have to drive away from the city of dallas (north,south,east,west)till i start seeing land for sale for about $500 an acre?And exactly where ?Or am i dreaming of these numbers as they don't exist anymore.
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04-11-2008, 01:52 PM
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Hear me talk, but never speak
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Join Date: Dec 2007
Location: Sunnyvale, TX
758 posts, read 574,003 times
Reputation: 301
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Wow, I imagine you are probably going to have to go pretty far out for that.
We have 13 acres north of Commerce, and that ran us $48,000 a few years back.
Good luck.
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04-11-2008, 03:42 PM
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Keep Calm and Carry On
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Join Date: Nov 2006
Location: la hacienda
1,591 posts, read 2,182,673 times
Reputation: 401
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Oklahoma ..
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04-11-2008, 04:44 PM
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Real Housewife of Dallas
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Join Date: Jun 2006
Location: The Big D
11,452 posts, read 11,401,395 times
Reputation: 3317
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Quote:
Originally Posted by Spree
Oklahoma ..
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To be more specific, North Oklahoma or the Panhandle area of Oklahoma. Might be able to find some that cheap in Lousianna. Even in the boonies of Texas acreage "ain't cheap". |
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04-11-2008, 05:16 PM
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Senior Member
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Join Date: Apr 2007
9,664 posts, read 7,154,950 times
Reputation: 2073
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jeffari is in a good area with lots of potential (there is a college in Commerce and it's convenient to Dallas). Around Bonham was cheap a few years ago and now it is hot..
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04-12-2008, 02:45 AM
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Realtor
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Join Date: Nov 2007
Location: Dallas/Fort Worth, Texas
2,247 posts, read 1,943,225 times
Reputation: 467
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OMG, You are bringing back memories... I sold some land about 12 years ago for $800 an acre in Erath county, south of Grandbury. That is the closest to the metroplex that I have seen land this cheap.
Today there is some land for sale in Delta county for 2K an acre, there is also 50 acres close to Carlsbad Caverns at $599 an acre. Another tract close to there of 101 acres for $438 an acre, then there is a tract of almost 980 acres in West Texas in Parmer county at $500 an acre.
Naima
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04-12-2008, 10:51 AM
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Senior Member
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Join Date: Jun 2007
701 posts, read 716,595 times
Reputation: 142
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From my limited experience, low prices of $100/acre and small property size (5-10 acres) are mutually exclusive.
If the price/acre is so low, you usually have to buy hundreds or thousands of acres.
If the property size is so small (5-10 acres), it usually costs tens of thousands per acre.
I have never seen 10 acres for sale for $100/acre = $1000 total.
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