Address
550 County Road 297, Gainesville, TX
Price
$ 2,340,000
Property Attributes
- MLS#21139838
- TypeSingle Family
- Listing Status Active
- CountyCOOKE
- CityGainesville
- NeighborhoodMcelroy Jc
- Zip76240
- StyleBarndominium
- Year Built2024
- Taxes$ 103
- Price$ 2,340,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms1
- Sqr Footage3870
- Lot Size55.22 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
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.
| Elementary School |
|---|
| Callisburg Elementary School |
| Price History | |
|---|---|
| 1/15/2026 | Listed $2,450,000 |
| 4/30/2026 | 5$2,340,000 |
General Features
| Heating | Central,Heat Pump |
|---|---|
| Cooling | Central Air,Electric |
| Utilities | City Water,Septic,Sewer Not Available,Underground Utilities |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Built-in Gas Range,Built-in Refrigerator,Dishwasher,Disposal |
| Easements | Utilities |
| current use | Agricultural,Commercial,Investment,Resort |
| School District | Callisburg ISD |
| Crops | Native |
| Year Built | 2024 |
| Architectural Style | Barndominium |
| Topography | Level,slightly rolling - cleared |
| Levels | One |
| AG Exemption | Yes |
| Unexempt Taxes | 103 |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Mcelroy Jc |
| Possible Use | Agricultural,Cattle,Commercial,Development,Equine,Grazing,Industrial,Investment,Livestock,Mixed Use,Multi-Family,Pasture,Ranch,Recreational,Residential,Resort,Subdevelopment |
| Transaction Type | For Sale |
| Occupant Type | Vacant |
| Carport Spaces | 5 |
| County | Cooke |
| Property Type | Residential |
| Security Features | Smoke Detector(s) |
| Construction Materials | Aluminum Siding |
| Year Built Details | Preowned |
| Accessory Unit Y/N | No |
| HOA Type | None |
| Special Notes | Survey Available,Utility Easement,Verify Rollback Tax,Verify Tax Exemptions |
| Full Baths | 5 |
| Status | Active |
| Directions | Use only Google maps. Apple maps gives incorrect directions. |
| City | Gainesville |
| Elementary School Name | Callisburg |
| High School | Callisburg |
| Elementary School | Callisburg |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21139838 |
| Standard Status | Active |
| Listing Terms | 1031 Exchange,Cash,Conventional,Texas Vet,VA Loan |
Interior Features
| Interior Features | Cable TV Available,Cathedral Ceiling(s),High Speed Internet Available |
|---|---|
| Fireplace Features | Decorative |
| Fireplaces Total | 1 |
| Dining Areas | 1 |
| Living Areas | 3 |
| Number Of Residences | 1 |
| Room Count | 4 |
| Half Baths | 1 |
| Lock Box Type | None |
| Total Bedrooms | 6 |
| Total Baths | 6 |
Exterior Features
| Lot Features | Acreage,Agricultural,Cleared,Pasture |
|---|---|
| Lot Size Source | Assessor |
| Parking Features | Additional Parking |
| Lot Size | 50 to =< 100 Acres |
| Covered Spaces | 5 |
| Lot Size Area | 55.2200 |
| Lot Size Units | Acres |
| Acres Pasture | 50.00 |
| Structural Style | Resort Property |
| Road Frontage Type | County Road |
| Lot Size Square Feet | 2405383.2000 |
| Lot Size Acres | 55.2200 |
| Patio And Porch Features | Deck |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 76240
Price
Taxes
Year Built
Visits
© 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor M&D Real Estate - Forney shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
