3150 FM 272
Celeste, TX 75423
$399,000
Land · 15.78 ac · $25K/ac
What it costs to own
Taxes shown reflect the current owner's exemptions and may change after purchase.
About this home
Located just outside the city limits of Leonard in growing Fannin County, this 15.78-acre tract offers an excellent opportunity for future residential development, investment, or a private homesite. With frontage along a Farm-to-Market road and nearby utilities in the area, the property combines accessibility with a Texas Country setting that is increasingly difficult to find.
Mostly wooded with level topography, this property provides flexibility for a variety of potential uses. An older home currently sits on the property and is considered to have little to no contributory value, making this a true land-focused offering with a clean slate for future improvements.
Surrounding development activity continues to support long-term potential in this area, including neighboring acreage that is currently being developed into a residential neighborhood. Whether intended for a single estate property, multiple homesites, or future development, this tract is well-positioned in one of North Texas’ steadily growing corridors.
Important to note, while portions of the surrounding area contain floodplain, this property is not located within a FEMA flood zone — a valuable designation for future planning and development.
The details
Mineral rights aren't stated in this listing — verify with the title company before purchase.
Around this home
One moment…
Everyday life
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Listing courtesy of Compass RE Texas, LLC. — Kyle Graham.
Where it is
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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21273726. Information last updated October 5, 2026.
Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.
Ink Realty Group is brokered by eXp Realty.
Ink Realty Group
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