LKV Realty
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$2,340,000
$6,800Reward *
550 County Road 297, Gainesville, TX 76240Listing ID 21139838

550 County Road 297, Gainesville, TX 76240

Active
Mcelroy Jc
Time on site: 209 daysLast updated: Jul 5, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
6
Bathrooms
Bathrooms
6
Square Feet
Square Feet
3,870
Acres
Acres
55.22
Days on Site
Days on Site
209
Cooling
Cooling
Central Air, Electric
Heating
Heating
Central, Heat Pump
Year Built
Year Built
2024
Parking
Parking
Additional Parking

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.

Property Information

Property Details

Location

Address
550 County Road 297
County
Cooke
City
Gainesville
Zip Code
76240
Subdivision
Mcelroy Jc
School District
Callisburg ISD
High School
Callisburg
Elementary School
Callisburg

Interior Features

Beds and Baths

Bedrooms
6
Full Bathrooms
5
Half Bathrooms
1

Building

Building Information

Square Feet
3,870
Year Built
2024
Construction
Aluminum Siding
Roof
Composition

Financial

Special Conditions
Standard

Property Taxes

Tax Annual Amount
$103
Lynda WeaverLake & Country Realty, LLC, (940) 580-2240

Market Report for 76240

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: North Texas Real Estate Information Systems, Inc.
North Texas Real Estate Information Systems, Inc. logo

IDX information is provided exclusively for 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.

For corrections to this data please contact Brytecore MLS Support.

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