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02 Water Street 43 Acres
US $595,000
Property features
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  • 2 bedrooms
  • 2 bathrooms
  • Scenic
  • Horse facilities
  • Refrigerator
  • Agricultural Easement(s)
  • Tub and Shower
  • Wood Fence
  • Composition Shingle
  • Pond on Lot
  • 1-5 Years Old
  • Beam -Ceilings
  • Dishwasher
  • Aerobic System
  • Walk-in Closet
  • Range / Oven
  • Ceiling Fan(s)
Property description
Property Description:
This 43-acre ranch with a new house, equestrian facilities and great views of the lakes and surrounding area is the perfect place to enjoy the tranquility of living in the country and have easy access to all of the employment centers of the North Dallas area. Located on Water Street which runs between FM 56 and US 82, the property has future development potential for both residential and commercial uses.
Location:
The property is located just south of US 82 and north of FM 56 on the northern outskirts of the town of Savoy, eighteen miles east of Sherman, sixteen miles west of Bonham, and 70 miles north of Dallas. In Fannin County, this area is well known for its Blackland soils and native grasslands.
History:

This property is located in the town of Savoy (current population 850+/- people), which was established around 1863 by Colonel William Savoy, a pioneer settler and landowner who had arrived in the area in the late 1850s. When the Texas and Pacific Railway extended its tracks through the community in the 1870’s Savoy became an agricultural shipping center for area farmers, who produced cotton, corn, grain and numerous other products.
Land:

The majority of the land is open and rolling with improved and native grasses that are ideal for equestrian or livestock use. A forest of hardwood trees surrounding the larger pond is located along the northern edge of the property.
Water:
There are two water wells, and three ponds on the property varying in size and one appears to be spring fed. The improvements are serviced by Savoy city water from a water line that runs along Water Street.
Terrain/Topography:
Elevation changes range from 674 feet above sea level on the south side by the road to 630 feet above sea level on the northern side of the ranch. The gently rolling pasture has good improved grasses and views of the surrounding area. Soil types on the property are primarily composed of Blackland and sandy loam soils ideal for horses.
Improvements:
The property has a 1,488-sf home with 2 bedrooms and 2 bathrooms, that was completed in 2018. From the house there are scenic views of the ponds and entire countryside. Adjacent to the house is a recently constructed three-stall horse barn with electricity and water, a feed and tack room, and three turnouts. An arena for riding and roping is located next to the barn and surrounded by pastures which are fenced and cross-fenced.
Minerals:
Contact listing broker for more information.
This ranch is being offered For Sale and is Exclusively Listed by Harlan Ray & David Burgher of Briggs Freeman Sotheby’s International Realty. Buyer’s brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at sole discretion of the Listing Broker. Prospects may be required to provide proof of funds prior to scheduling a showing.

https://www.sothebysrealty.com/id/97xw5h
02 N. Water Street, Savoy, Texas, United States
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