Listed by Range Realty Advisors LLC
Unpriced
Parker Crossing
Details
Property Type Land
Sub Type Agricultural, Residential
Acreage 130.700
Zoning A - Agriculture
Land | 130.7 acres
Marketing description
Parker Crossing consists of 130.7 acres of raw development land located at the corner of Elm Grove St & Parker Rd in Royse City, Texas. The City has declared the future land use of the property to be single-family residential. Royse City currently has a population of around 12,998 people and has experienced a 39.6% population growth since the 2010 census. Located only 30-minutes east of Dallas, Royse City is a fast-growing commuter city. The City and its surrounding area are home to numerous large residential developments, including Woodcreek, Williamsburg, Chamberlain Crossing, and the ongoing Waterscape development.
Investment highlights
- Economy fueled by job growth, in-migration and corporate relocations.
- DFW residential home supply currently is at a 20-year low with a 2.5 month supply of homes available.
- Corporate relocations help fuel in-migration and job creation. Most notable: Toyota North America, Liberty Mutual, State Farm, and FedEx.
- Home price gains are highest in the U.S. at 9.5% currently.
- New home inventory currently at 2,754 in DFW compared to 12,000 in 2006.
- Entertainment attractions located within close driving proximity to the property include private golf, tennis, and swim
- clubs, equestrian facilities, and Lake Ray Hubbard, a large reservoir popular for boating, fishing and lakeside dining.
- The market area is home to multiple new large residential communities, including Woodcreek, Williamsburg, Chamberlain Crossing, and the ongoing Waterscape development.
- Easy access to Interstate 30, which allows for an easy commute to downtown Dallas and surrounding employment centers
Listing Contacts
Listed by Range Realty Advisors LLC
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