$525,000
For Sale

507 Garrett Morris Parkway

Mineral Wells, TX 76067
Browse 2 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Prime 10-Acre Vacant Land for Sale near Downtown Mineral Wells, TX Approximately half a mile from Hwy 180.
Embrace a golden opportunity to own a sprawling 10-acre parcel of vacant land located in close proximity to the thriving downtown area of Mineral Wells, Texas. With the ongoing revitalization efforts in the heart of the city and its surrounding attractions, this property promises an exciting investment for both developers and nature enthusiasts.
**Investment Opportunity:**
With Mineral Wells' ongoing transformation and the allure of Lake Mineral Wells State Park nearby, this 10-acre vacant land parcel presents a unique investment opportunity. Whether you're looking to develop a residential community, commercial venture, or simply secure a piece of Texas beauty, this property is a blank canvas awaiting your creative touch.
This land is adjacent to property that will contain Mineral Wells’ first master-planned development in the city’s history, The Wells. This is a 486 lot housing project on 113 acres, and is located on Mineral Wells’ southeast corner on the east side of Garrett Morris Parkway. Ceremonial groundbreaking for this property took place in the fall of 2022. This development will include a T-ball field, a fishing area, and several picnic areas. Downtown Mineral Wells is currently undergoing a revitalization effort which includes renovation of the Crazy Water Hotel which has already re-opened and the future grand opening of the Baker Hotel and Spa. This property is also located 4 miles from Lake Mineral Wells State Park which has areas for camping, fishing, rock climbing, and hiking.

  • Property Details
      • Lot DescriptionAcreage, Many Trees
      • School DistrictMineral Wells ISD
      • Property SubtypeUnimproved Land
      • CountyPalo Pinto
      • Property TypePurchase
      • MLS #20805193
      • MLS #20805193
      • Acres10.0000
      • Utility FeaturesAsphalt
      • Cost525000
      • Elementary SchoolLamar
      • SubdivisionNA

Location

Lucy CervantesReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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