Exceptional 5.41-acre corner tract at FM 121 and Durning Road in the Van Alstyne area, offering a rare combination of location, size, frontage, access, and long-term potential in the path of North Texas growth. This flat, elevated property features approximately 676 feet of frontage along FM 121, and approximately 350 feet of frontage with an established access from Durning Road. Ideally positioned just 3.3 miles west of Hwy 75, 6.6 miles from Hwy 289 (Preston Road) in Gunter, and approximately 11 miles from the planned Dallas North Tollway extension corridor. Located outside city limits with no known city zoning and currently under agricultural exemption, the property is surrounded by residential, commercial, and farm-and-ranch acreage. An additional 2.5 (approximate) adjoining acres are available for separate consideration, creating the opportunity to assemble a larger contiguous tract. With strong FM 121 visibility, usable topography, and existing access, this property is well-positioned for a variety of potential uses. Whether held for investment, improved for personal use, or explored for future development, this tract offers the kind of location and flexibility that is increasingly hard to find.
Vacant landProperty Type
5.41 acresLot Size
$304,991Price/Acres
Listed by Cammi Alexander• Keller Williams Heritage West
No homeowners association; community features include perimeter fencing
Financial info
Listing accepts Cash, Conventional, Texas Vet, USDA and VA loan types
Loan payment type listed as other; loan to be treated as clear
Minerals have been severed and do not convey
Other
Property currently used for agricultural purposes including crops, grazing, horses and livestock
AG exemption present
Horses permitted
Possible uses include agricultural, cattle, commercial, development, equine, grazing, investment, livestock, mixed use, multi-family, residential, ranch, recreational, retail, single family, warehouse and more
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Grayson County
APN
135268
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 1, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 110° expected this year, 23 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 1% for direct sun exposure in Van Alstyne. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 00 Fm 121
$1,462,235
$188K under list price of $1.65M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $600K to $895K.