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Here’s your chance to develop in a path-of-growth corridor. This 3.03-acre parcel offers the space and flexibility needed for a wide range of commercial projects — from retail strip centers to professional office space or service-based businesses. With excellent accessibility and room for parking, signage, and future expansion, this property is designed to support both immediate development and long-term scalability. Ideal for: Retail or restaurant development, Medical or professional offices, Flex space, Investment hold for future appreciation A rare opportunity to control a sizeable commercial footprint in a developing area. In a market where commercial land is tightening, securing over 3 acres gives you leverage. Today and for the future. Let’s talk zoning, utilities, traffic counts, and development possibilities. DO NOT MISS the opportunity to own this amazing land!

Highlights

  • Land
  • Unimproved Land
  • 3.033 Acre Lot
  • 251 days on Market


  • Acres
    3.033
  • Lot Features
    Cleared
  • Utilities
    Electricity Available, Other, None, Underground Utilities
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 15227 State Highway 205?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 15227 State Highway 205.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 15227 State Highway 205?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $419,500. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Terrell, and can even get you in to see the property quickly.

How do I get a virtual tour of 15227 State Highway 205?

Yes! A virtual tour is available for 15227 State Highway 205. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 15227 State Highway 205?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 15227 State Highway 205 at around $2,471. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 15227 State Highway 205?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Kaufman County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 15227 State Highway 205?

In most cases, yes. Whether 15227 State Highway 205 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Terrell's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 15227 State Highway 205?

We can handle that for you. Our preferred local agent specializes in lands in Terrell and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

15227 State Highway 205 was listed on February 27, 2026, which means it's been on the market for 251 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

15227 State Highway 205 sits on a 3.03-acre lot, which is 131,987 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Long
  • Middle: Furlough
  • High: Terrell

Want to see how these schools compare? Check out our Kaufman County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 15227 State Highway 205?

The most recent public record shows annual property taxes for 15227 State Highway 205 were approximately $2,358. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 15227 State Highway 205 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.

Last Updated: November 05, 2026 at 05:53PM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21190956