Listing provided courtesy of Williams Trew Real Estate- MLS# 21130984MLS ProviderContact Information: Allen Crumley - 817-480-9502

3500 S Murvil StreetDecatur, TX 76234

Vacant Land · 139.85 Acres
$4,850,000 Active

3500 S Murvil Street Overview

Visits:
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Just Reduced — 140± Acres on the Edge of Decatur. A rare opportunity to own 140± acres with an active ag exemption, sitting just outside the Decatur city limits within the ETJ. Tracts of this size, quality, and proximity rarely come to market. The property enjoys easy access to FM 51, with over 1,900 feet of frontage on Murvil Street and no deed restrictions — leaving the door wide open for continued ag use, future development, or a generational family holding. Decatur Middle and High Schools are less than 1.5 miles away, strengthening long-term residential value. Surface water is well distributed across the tract and anchored by a 1.5-acre pond, and the entire property lies outside the designated floodplain. Groundwater is plentiful in the area, with regional wells typically running 200–400 feet. Improvements include a well-kept ~2,700 sq ft single-story home, a small RV park, and infrastructure supporting an established cattle operation — turnkey functionality and immediate income from day one. Land like this — exempt, unrestricted, watered, improved, and minutes from town — doesn't sit long. Buyer and buyer's agent to independently verify all property details.

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3500 S Murvil Street Facts & Features

  • Type Vacant Land
  • Lot 139.85 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Decatur ISD
  • Elementary School: Carson
  • Middle Or Junior School: Mccarroll
  • High School: Decatur

Business Information

  • Current Use: Agricultural,Cattle,Fishery,Hunting,Livestock,Ranch,Residential,Recreational,Single Family,See Remarks

Location/Region

  • Country: US
  • County Or Parish: Wise
  • Postal City: DECATUR
  • Subdivision Name: None

Tax Information

  • Tax Annual Amount: 654.0

General Information

  • Exclusions: Minerals
  • Listing Terms: Cash,Conventional
  • Parcel Number: 740295
  • Property Sub Type: Ranch
  • Property Type: Land

Interior

Exterior

Lot Information

  • Lot Features: Acreage,Agricultural,Pasture,Pond on Lot
  • Lot Size Acres: 139.854
  • Lot Size Area: 139.854
  • Lot Size Dimensions: tbv
  • Lot Size Square Feet: 6092040.24
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt
  • Water Source: Well

Waterfront/View

  • Waterfront: No

General Information

  • Road Frontage Type: County Road,City Street,All Weather Road
  • Sewer: Septic Tank
  • Utilities: Septic Available,Water Available
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3500 S Murvil Street 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.
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