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3500 S Murvil Street

Decatur, TX 76234

Listing courtesy of Allen Crumley, Williams Trew Real Estate

$4,850,000
Active
Beds
Baths
Sqft
Year Built

About this home

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.

Schools

Elementary
Carson
Middle
Mccarroll
High
Decatur

School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.

Property details

MLS #
21130984
Property Type
Land
Status
Active
County
Wise
Subdivision
None
Lot Size
139.85 acres
HOA Dues
None
Annual Taxes
$654
Days on Market
148 days
Listed
Dec 11, 2025
Price per Sqft

Estimate your monthly payment

Estimate only, not a loan offer. Taxes, insurance, and HOA are approximate.

$27,283/mo
Principal & interest
$25,814
Property taxes
$55
Homeowner's insurance (est.)
$1,415

Based on a 30-year fixed loan. Talk to a lender for an accurate quote.

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IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed accurate by the MLS.

Listing data via NTREIS · Data refreshed Dec 11, 2025