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 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 Estate
