Sue Milam Reed, Broker Associate
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550 County Road 297, Gainesville, TX 76240

$2,450,000
  • 550 County Road 297, Gainesville, TX 76240 Main Photo
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Active
BEDS6 BATHS5 full 1 partial SQUARE FEET3,870 MLS#21139838
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMcelroy Jc SCHOOLCallisburg ISD

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.

550 County Road 297 | MLS# 21139838

This single family home located at 550 County Road 297, Gainesville, TX 76240 is currently listed for sale with an asking price of $2,450,000. This property was built in 2024 and has 6 bedrooms and 5 full and 1 partial baths with 3870 sq. ft. County Road 297 is located in the Mcelroy Jc subdivision within the Callisburg ISD school district. Search Mcelroy Jc real estate on suemilamreed.kellyrealtors.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Electric
Fireplaces: 1
Heating: Central, Heat Pump
Home Style: Barndominium
Lot Size: 55.22 Acres
Roof Type: Composition
Year Built: 2024

Amenities

Cable TV Available
Cathedral Ceiling(s)
High Speed Internet Available

Feature Descriptions

Appliances: Built-in Gas Range, Built-in Refrigerator, Dishwasher, Disposal
Days on Site: 49
Exterior: Aluminum Siding
Fireplace: Decorative
Lot: Acreage, Agricultural, Cleared, Pasture
Parcel#: 87373
Parking: Additional Parking
Parking Notes: Additional Parking
Patio/Porch: Deck
Topography: Level, slightly rolling - cleared
Utilities: City Water, Septic, Sewer Not Available, Underground Utilities

Local Schools

Elementary School: Callisburg
School District: Callisburg ISD

Listed By / Shown By

Listed By

Agency Name: Lake & Country Realty, LLC
Agency Contact: 940-580-2240
Agent Name: Lynda Weaver

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Shown By

Agent Name: Sue Milam Reed, Broker Associate
Agent Phone: (254) 744-3364
Agency Title: Kelly, Realtors

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Estimated Payment

$ 6,167.22 per month $5,452.64 Principal & Interest $0.00 Property Tax (data not provided by mls) $714.58 Homeowner's Insurance

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