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3150 Fm 272, 
Celeste, TX 75423

$399,000


—

Bed


—

Bath


-

Sq Ft


15.78

Acres (Lot)


Land


Virtual Tour

Active

Listed by

Kyle Graham

Compass Re Texas, LLC.

Last updated:

October 7, 2026, 12:20 PM

MLS#

21273726

Source:

GDAR

About This Land

3150 Fm 272

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

15.78

MLS #:

21273726

Last Updated:

October 7, 2026, 12:20 PM

Added:

4 month(s) ago


Structure

Structure

Year Built:

1940


Finances & Disclosures

Finances

Price:

$399,000

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Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 7, 2026 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Richland Chambers Realty.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.