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1407 Shelby Lane

Celina, TX 75009

Listing courtesy of Lynette Sandidge, Compass RE Texas, LLC

$1,795,000
Active
Beds
5
Baths
5
Sqft
2,500
Year Built
2020

About this home

Exceptional investment and development opportunity on 3.7 unrestricted acres in a rapidly growing corridor near the Dallas North Tollway and the future Outer Loop. Strategically positioned for long-term appreciation, this property offers outstanding commercial, mixed-use, or income-producing potential while remaining outside city limits.The property currently features multiple income streams, including a 5-bedroom doublewide mobile home, a 3-bedroom single-wide mobile home, and 7 RV parking spaces with utilities, creating immediate rental opportunities. A 38’ x 50’ insulated shop with foam insulation provides excellent functionality for storage, business operations, or future commercial use.With no HOA and no deed restrictions, this expansive 161,172 SF lot allows flexibility for future expansion, redevelopment, or continued income production. Enjoy a balance of privacy and accessibility, with proximity to major transportation routes and continued growth along the Outer Loop corridor. Located in Celina ISD, this property is ideal for investors, developers, or owner-users seeking a high-potential asset in a prime growth area.A rare opportunity to secure acreage with income, flexibility, and exceptional upside in one of North Texas’ fastest-growing markets.

Schools

Elementary
Marcy Lykins
Middle
Jerry & Linda Moore
High
Celina

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

Property details

MLS #
21152089
Property Type
Residential
Status
Active
County
Denton
Subdivision
Cowan
Lot Size
3.70 acres
Garage
1-car
HOA Dues
None
Annual Taxes
$1,741
Days on Market
8 days
Listed
Jan 16, 2026
Price per Sqft
$718

Estimate your monthly payment

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

$10,222/mo
Principal & interest
$9,554
Property taxes
$145
Homeowner's insurance (est.)
$524

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 Jan 16, 2026