601 & 5954 Parker Rd, Wylie, TX 75098

Property Description

Limited Listing for all questions please contact the owner.This 4.6-acre residential tract offers a high-yield opportunity for a regional or premium custom home builder to develop an exclusive pocket neighborhood on Wylie’s northwest side, or for an individual seeking an estate home site. Having 294 linear feet of road frontage along West Parker Road, the site features an optimal rectangular footprint that integrates into the mature, Harvest Bend subdivision directly adjoining the property. Unlike raw acreage, this site features complete, active public utilities directly to the property boundary, approved zoning for 20 lots and civil engineering plans that are pending final approval by the City, saving a builder months in municipal red tape and the cost of off-site utility extension infrastructure. The site bypasses a lot of municipal development issues by utilizing a 20 lot Planned Development Zoning, approved by the City of Wylie in 2021 Key Property Features & Layout Advantages Optimal Street Grid Geometry: The 294-foot-wide frontage is perfectly suited for a city-standard cul-de-sac. This layout easily accommodates a street design to yield 20 premium single-family lots closely matching the 60' x 120' lot dimensions of the neighboring subdivision lots. Built-In Holding Income & Initial Utilities: The site includes an existing 1,900 sq. ft. single-family structure (built 1974) situated at the NW corner. The seller-owner requests to lease back the existing house for not more than 12 months. Established Estate Canopy: The tract boasts many mature trees, including a line of live oaks along the east line to provide privacy screening. This establishes an instant, luxury tree-lined aesthetic that provides a lot premium over clear-cut production developments.