• Princeton Meadows
  • CR 408 West & Longneck Rd, Princeton, Texas, Princeton, TX, 75407
Property Overview

Princeton Meadows is located in Princeton, Texas within Collin County which is the fastest growing county in Texas. Princeton Meadows is strategically positioned contiguous to Whitewing Trails, a new 860-acre master-planned community, the first and only within the City of Princeton. Located 41 miles northeast of downtown Dallas and 46 miles from DFW International airport, this land is ideally positioned to be a separate extension of Whitewing Trails or as a long-term land investment offering significant appreciation value.

Area Description

An estimated 2,400 people per month move in to Collin County making it the state’s fastest growing county with a current population exceeding 900,000 and a median age of 35. Among counties with more than a half-million people, Collin County has the highest sustained growth rate in the U.S. since the last Census in 2010, at 73.9%.  The Collin County population is projected to reach 1.2 million by 2030. Collin County has a median family income of $96,184 which is 33 percent higher than the U.S. median. In 2014, the County had a 94-percent occupancy rate for the 306,000-plus housing units there.

Many home buyers are attracted to Collin County due to its low tax rate at 23.5 cents per $1,000 of assessed value. The county has maintained an AAA bond rating  status since 2000 and is one of only four Texas counties to have such an exceptional rating.

Collin County is also recognized for its highly educated workforce. Forbes Magazine ranked Collin County second in the nation in the quality of schools. For grades K-12, 90-percent of students attend public schools and almost 43% of the population from ages 18-24 are enrolled in college or graduate school.

Improvements

Water and sewer lines are currently being extended into the Whitewing Trails project that is contiguous to Princeton Meadows. These lines will be constructed to the southern and eastern edges of Princeton Meadows providing for future extension opportunity by 2020.

Land Use

Princeton Meadows is strategically located continuous to newly proposed Whitewing Trails, which is the first and largest master-planned residential community in Princeton. Based on the proximity to this project that will break ground in Q4 of 2016, Princeton Meadows offers an unparalleled opportunity to land investors and/or residential developers to capitalize on this premier location for future land appreciation and increased residential density.

Property Type:Land
Property Sub-type:Residential (Single-Family)
Market:Dallas / Fort Worth
Submarket:Allen/McKinney
Land Size:298.03 acres
Property Downloads
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4: Brochure
Sale Details
Price Per Acre:$26,000.00
Property Attributes
Land Size:298.03 acres
Frontage:0.89 Miles along County Road 408
Zoning:AG and PD
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Map of CR 408 West & Longneck Rd, Princeton, Texas, Princeton, TX, 75407