650 S State Highway 5

Fairview, TX 75069

$3,200,000
Price
322,169 / 7.40
Lot Size / Acres
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Description

7.4± acre corner tract located at South State Highway 5 and Meandering Way in the heart of the Fairview–McKinney growth corridor. This highly visible site offers immediate access to US-75 and SH-121, placing it minutes from Historic Downtown McKinney, Fairview Town Center, major medical facilities, and regional retail anchors. Currently ag-exempt, the property presents a compelling buy-and-hold opportunity or a near-term development play. The site is zoned CPDD (Commercial Planned Development District)...7.4± acre corner tract located at South State Highway 5 and Meandering Way in the heart of the Fairview–McKinney growth corridor. This highly visible site offers immediate access to US-75 and SH-121, placing it minutes from Historic Downtown McKinney, Fairview Town Center, major medical facilities, and regional retail anchors. Currently ag-exempt, the property presents a compelling buy-and-hold opportunity or a near-term development play. The site is zoned CPDD (Commercial Planned Development District) – Urban Transition Sub-District, a form-based code structured for urban-style development with specific architectural and design standards. This zoning framework supports a thoughtfully designed commercial or residential product aligned with Fairview’s long-term planning vision. Given its proximity to healthcare, churches, shopping, and established residential neighborhoods, the property is especially well-suited for an assisted living, memory care, or hybrid 55+ senior housing concept.
  1. Listed by Erin Clifford • TREC #0618827 • Keller Williams Realty Allen • 469-400-6882
  2. Listed by Courtney Peugh • TREC #0763033 • Keller Williams Realty Allen

Property Details for 650 South State Highway 5

Subdivision Name
ABS A0275 JOSEPH DIXON SURVEY, TRACT 15
Zoning Description
CPDD
LISTING UPDATED: 03/30/2026 09:10 PM

Property Details for 650 South State Highway 5

StatusActive
MLS #21223137
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLots & Acreage / Unimproved Land
Year Built-
Lot Size7.40 AC
CountyCollin County
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Location

Listing Courtesy of Keller Williams Realty Allen, Erin Clifford; Keller Williams Realty Allen, Courtney Peugh
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Building Information for 650 South State Highway 5

Lot Size7.40 AC

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$15,947 per month

30 year fixed, 6.36% Interest

Principal and Interest

$15,946

Property Taxes

$1

HOA Dues

$0

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Property Information for 650 South State Highway 5

Summary
Location and General Information
  • Directions: From 75 North, turn east onto Stacy Rd., Turn left (north) onto HWY 5 (Greenville), turn right (east) onto Meandering Way.
  • Elementary School: Jesse Mcgowen
  • Elementary School Name: Jesse Mcgowen
  • High School: Mckinney
  • High School Name: Mckinney
  • Middle School: Faubion
  • Senior Community Yes/No: No
  • School District: McKinney ISD
  • Geocode Confidence: High
  • Latitude: 33.14
  • Longitude: -96.64
  • State: Texas
Taxes and HOA Information
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Exterior Features
  • Waterfront: No
Property
Utilities
  • Utilities: City Sewer, City Water, Electricity Connected
Property and Assessments
  • AG Exemption: Yes
  • Exclusions: N/A
  • Financing Proposed: Cash, Conventional, Owner Will Carry
  • Loan Type: Treat As Clear
  • Restrictions: Building
  • Property Match: APN
Lot Information
  • Development: City Limits, Zoned
  • Easements: Other
  • Lot Features: Acreage, Corner Lot, Few Trees
  • Lot Size: 5 to < 10 Acres
  • Lot Size Acres: 7.396
  • Lot Size Area: 7.396
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Lot Size Square Feet: 322169.76
  • Multi Parcel ID: No
  • Parcel Number: 2843679
  • Parcel Number 2: 2824123, 2666148
  • Road Frontage: City Street, State Road
  • Current Use: Agricultural

Property History for 650 South State Highway 5

DateEvent & SourcePriceAppreciation
Mar 30, 2026

Listed (Active)

NTREIS #21223137

$3,200,000—
Jan 1, 2026

Expired

NTREIS #20771275

—
Apr 29, 2025

Price Change

NTREIS #20771275

$3,290,000—
DateEvent & SourcePrice
03/30/2026

Listed (Active)

NTREIS #21223137

$3,200,000
01/01/2026

Expired

NTREIS #20771275

—
04/29/2025

Price Change

NTREIS #20771275

$3,290,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 650 South State Highway 5

Taxable ValueLand$2,255,463Additions$468Total$2,255,931
Tax Record2024$16 ($1 / month)
Home Facts
Lot Size322,213 SqFtStylePastureCountyCOLLINAPNR-6275-000-0150-1

Schools near 650 South State Highway 5

This home is within Mckinney Independent School District.
Rating
School
Type
Grades
Distance
Jesse McGowen Elementary School
Public - K to 5
Faubion Middle School
Public - 6 to 8
McKinney High School
Public - 9 to 12
Serenity High School
Public - 11 to 12
Rating
School
Distance
Jesse McGowen Elementary School
PublicK to 5

Faubion Middle School
Public6 to 8

McKinney High School
Public9 to 12

Serenity High School
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 650 South State Highway 5, Fairview, TX 75069

650 South State Highway 5 is a 7.40 ac of land for sale in Fairview, TX 75069. This property was listed for sale on March 30, 2026 by Keller Williams Realty Allen, it's currently listed at $3,200,000. This listing's school district is Mckinney Independent School District. Nearby schools include Jesse McGowen Elementary School, Faubion Middle School and McKinney High School. 650 South State Highway 5 is a 0-bed, 0-bath, 7.40 ac of land on a 322,169 sq. ft. / 7.40 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Allen, Erin Clifford; Keller Williams Realty Allen, Courtney Peugh

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass and its related brokerages. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 03/30/2026 09:10 PM