3150 FM 272
Celeste, TX 75423
(on 15.78 acres)
We estimate this home will sell faster than 91% nearby.
Local Information
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Description
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.
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.
We estimate this home will sell faster than 91% nearby.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
11 days ago
Home Details for 3150 FM 272
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Appliances & Utilities Utilities: None |
Heating & Cooling Heating: NoneNo CoolingAir Conditioning: NoneNo Heating |
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Frontage Not on Waterfront |
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Cumulative Days on Market: 2Days on Market: 11 |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 000000079340 |
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Price List Price: $449,000 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active |
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Direction & Address City: CelesteCommunity: None |
School Information Elementary School: LeonardElementary School District: Leonard ISDJr High / Middle School District: Leonard ISDHigh School: LeonardHigh School District: Leonard ISD |
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Listing Agent Listing ID: 21273726 |
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No HOA |
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Lot Area: 15.78 Acres |
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Listing Terms: Conventional |
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Mls Number: 21273726Living Area Range Units: Square FeetAttribution Contact: 214-763-2964 |
Last check for updates: about 23 hours ago
Listing courtesy of Kyle Graham 0667764, (214) 763-2964
Compass RE Texas, LLC., 214-763-2964
Source: NTREIS, MLS#21273726
Also Listed on NTREIS.
Price History for 3150 FM 272
| Date | Price | Event | Source |
|---|---|---|---|
| 05/20/2026 | $449,000 | Listed For Sale | NTREIS #21273726 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $512,690 |
Home facts updated by county records
Comparable Sales for 3150 FM 272
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.52 | Lot/Land | - | 08/08/25 | - | - | ||
1.65 | Lot/Land | - | 09/12/25 | - | - | ||
1.53 | Lot/Land | - | 03/27/26 | - | - | ||
1.96 | Lot/Land | - | 06/18/25 | - | - | ||
2.14 | Lot/Land | - | 05/22/26 | - | - | ||
2.74 | Lot/Land | - | 01/06/26 | - | - | ||
2.25 | Lot/Land | - | 01/02/26 | - | - | ||
2.25 | Lot/Land | - | 01/02/26 | - | - | ||
2.25 | Lot/Land | - | 01/02/26 | - | - | ||
2.53 | Lot/Land | - | 12/12/25 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
SOLDMAR 27, 2026
FOR SALE126.03 ACRES
OFF MARKET
FOR SALE11 ACRES
OFF MARKETRE/MAX Dallas Suburbs
FOR SALE14 ACRES
SOLDMAR 10, 2026
OFF MARKET
OFF MARKET- FOR SALE1.1 ACRES
OFF MARKET
Assigned Schools
These are the assigned schools for 3150 FM 272.
- Leonard Elementary School
- PK-3
- Public
- 235 Students
7/10GreatSchools RatingParent Rating AverageThis school is one of the worst elementary schools in Katy. Students do not learn teachers can’t control the class rooms. With constant bullying taken place at the older grade level. Teachers even tell students they can’t handle the class or their lost on what to do. Administration is mediocre they make broken promise. If you can help it enroll in charter schools in the area if you’re assigned to this school.Parent Review1y ago - Leonard High School
- 9-12
- Public
- 268 Students
6/10GreatSchools RatingParent Rating AverageMost of the teachers and staff are great, about the kids and giving them a good head start for their future. The athletic program, like in most Texas schools, is geared more toward boys so girls have to be exceptional. The down side is definitely the fact that everyone is family or close friends. It takes a newcomer about 3 years to fit in on the parent side. Kids however do not have that problem.Parent Review8y ago - Leonard Junior High School
- 6-8
- Public
- 193 Students
8/10GreatSchools RatingParent Rating AverageExcellent. Schools are here to teach not discipline. HOwever, the school has their own definition of bullying you can read up in their handbook, outside of that it’s up to parents instill morals, tolerance and mindfulness. LOts of sweet caring teachers here and great principles as well as principals! IM very glad we moved here from cleburne, which was nice also.Parent Review5y ago - Leonard Intermediate School
- 4-5
- Public
- 115 Students
8/10GreatSchools RatingParent Rating Average
No reviews available for this school. 
Check out schools near 3150 FM 272.
What Locals Say about Celeste
At least 6 Trulia users voted on each feature.
91 % Say yards are well-kept
88 % Say car is needed
70 % Say there's holiday spirit
67 % Say parking is easy
64 % Say there's wildlife
64 % Say it's dog friendly
60 % Say neighbors are friendly
57 % Say they plan to stay for at least 5 years
50 % Say kids play outside
50 % Say it's quiet
43 % Say people would walk alone at night
25 % Say there are community events
20 % Say there are sidewalks
14 % Say streets are well-lit
13 % Say it's walkable to restaurants
11 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kyle Graham, Compass RE Texas, LLC., 214-763-2964
Agent Phone: (214) 763-2964
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
3150 FM 272, Celeste, TX 75423 is a lot/land built in 1940. This property is currently available for sale and was listed by NTREIS on May 20, 2026. The MLS # for this home is MLS# 21273726.