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Listing provided courtesy of Lake & Country Realty, LLC- MLS# 21139838MLS ProviderContact Information: Lynda Weaver - 940-580-2240

550 County Road 297Gainesville, TX 76240

Single Family · 6 Beds · 5 Full Baths · 1 Half Bath · 3,870 Sq. ft. | 55.22 Acres
$2,340,000 Active

550 County Road 297 Overview

Visits:
11

Fantastic investment opportunity in the fast growing Golden North Texas corridor - north of Aubrey and Celina, and east of Lake Kiowa. Sailer Resort is a fully furnished, 55.22 acre estate that is AG exempt with NO deed restrictions and it doesn't lie within a flood zone. This incredible property offers unmatched flexibility for a multitude of event types, investment or personal use. Launched in March 2025, the resort secured a diverse range of bookings through year-end across celebrations, weddings, family reunions, proms, graduations, and corporate retreats prior to any formal marketing being done - indicating a strong market demand for this facility. Features include: a 6-bedroom, 5.5-bath Grand Villa with indoor event space for ~120 guests. An ~4,500 sq ft outdoor event deck for ~240 guests. Outdoor wedding venue for ~330 guests. 12’x20’ cottage storage area with event support gear and a wide variety of indoor and outdoor games for all ages. The remaining 50+ acres of open land offers long-term potential for the owner—expanding the existing facility, ideal for subdividing, group ownership, or holding as development expands from Lake Ray Roberts to Universal Studios to billion-dollar chip plants to the east. Whether you’re seeking a private retreat, a group investment, or an income-generating asset, Sailer Resort delivers lifestyle, cash flow, and appreciation—all in one turn-key opportunity. See resort flyer and 2006 survey in Transaction Desk. Call for an appointment now.

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550 County Road 297 Facts & Features

  • Type Single Family
  • Sq. ft. 3,870
  • Price/Sq.ft. $605
  • Lot 55.22 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Callisburg ISD
  • Elementary School: Callisburg
  • Middle Or Junior School: Callisburg
  • High School: Callisburg

Building Information

  • Year Built: 2024
  • Year Built Details: Preowned

Business Information

  • Current Use: Agricultural,Commercial,Investment,Recreational

Location/Region

  • Country: US
  • County Or Parish: Cooke
  • Postal City: GAINESVILLE
  • Subdivision Name: Mcelroy Jc

Tax Information

  • Tax Annual Amount: 103.0

General Information

  • Disclosures: Easement(s)
  • Listing Terms: Cash,Conventional,1031 Exchange,Texas Vet,VA Loan
  • Parcel Number: 87373
  • Possible Use: Agricultural,Cattle,Commercial,Development,Grazing,Horses,Industrial,Investment,Livestock,Multi-Family,Mixed Use,Pasture,Ranch,Residential,Recreational,Subdevelopment
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Half: 1
  • Bathrooms Total: 6
  • Bedrooms Total: 6

General Information

  • Appliances: Built-In Gas Range,Built-In Refrigerator,Dishwasher,Disposal
  • Basement: No
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Interior Features: Cathedral Ceiling(s),High Speed Internet,Cable TV
  • Levels: One
  • Living Area: 3870.0
  • Security Features: Smoke Detector(s)
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Additional Parking

Lot Information

  • Lot Features: Acreage,Agricultural,Cleared,Pasture,Level
  • Lot Size Acres: 55.22
  • Lot Size Area: 55.22
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2405383.2
  • Lot Size Units: Acres
  • Pasture Area: 50.0
  • Topography: Level
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Barndominium
  • Attached Garage: No
  • Construction Materials: Aluminum Siding
  • Patio And Porch Features: Deck
  • Property Attached: Yes
  • Roof: Composition

General Information

  • Carport Spaces: 5.0
  • Carport: Yes
  • Covered Spaces: 5.0
  • Pool Features: None
  • Road Frontage Type: County Road
  • Sewer: Septic Tank
  • Utilities: Septic Available,Sewer Not Available,Underground Utilities,Water Available,Cable Available

Room Information

Room: Dining Room

  • Level: First
  • Dimensions: 20 x 18
  • Length: 20.0
  • Width: 18.0

Room: Game Room

  • Level: First
  • Dimensions: 10 x 20
  • Length: 10.0
  • Width: 20.0

Room: Living Room

  • Level: First
  • Dimensions: 55 x 30
  • Length: 55.0
  • Width: 30.0

Room: Primary Bedroom

  • Level: First
  • Dimensions: 10 x 18
  • Length: 10.0
  • Width: 18.0

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

550 County Road 297 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

550 County Road 297 Market Data

Based on the last 30 days in this zip code

$503,772
Average List Price
$240
Average Price per Square Foot
29
Properties Sold
118
Average Days on Market
289
Properties for Sale
Calculations provided by Reliance Network


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