About this home

Rare opportunity to own 25.110 acres featuring Magee Airport (FAA Identifier 42TX), an established FAA-registered private airport with a 2,500-foot north-south turf runway. This exceptionally level and usable property offers outstanding potential for the development of a small residential airpark community, private aviation estate, hobby farm, or recreational retreat. Conveniently located near Greenville, northeast of the Dallas-Fort Worth Metroplex, the property features approximately 2,300 feet of frontage along FM 512, providing excellent access and flexibility for future development. Existing improvements include an older 1,600-square-foot, 3-bedroom, 2-bath residence with a solar electric system and a spacious 35 x 80 aircraft hangar or workshop offering approximately 2,800 square feet of enclosed space. The home has been vacant for approximately two years and has some deferred maintenance, offering an opportunity for renovation and updating. The level topography, generous road frontage, established runway, and existing improvements make this property particularly attractive for buyers interested in creating a small aviation community with individual homesites and hangars, subject to applicable development approvals. Whether your vision includes developing a boutique residential airpark, establishing a private flying retreat, or enjoying the freedom of a spacious Texas hobby farm, this unique property offers an exceptional combination of acreage, aviation infrastructure, and future possibilities. 23.5 acres is also available for sale without the house.

Facts and features

Schools

• Wolfe City High School

  high · 9-12 · 2.4 mi

  7

• Wolfe City Middle School

  middle · 6-8 · 3.0 mi

  5

• Wolfe City Elementary School

  elementary · K-5 · 3.0 mi

  4

Price history

• Nov 8, 2026 · Listed$699,000
• Jan 6, 2025 · Sold—
• Dec 2, 2024 · Price Changed$239,000
• Nov 18, 2024 · Price Changed$249,000
• Nov 5, 2024 · Relisted$259,000
• Oct 11, 2024 · Listing Removed$259,000
• Oct 10, 2024 · Relisted$259,000
• Sep 23, 2024 · Listing Removed$259,000

Tax history

• 2026$3,052 tax · $205,000 assessed
• 2025$3,081 tax · $210,595 assessed
• 2023$2,924 tax · $198,157 assessed
• 2022$3,255 tax · $191,760 assessed
• 2021$2,428 tax · $134,245 assessed
• 2020$2,263 tax · $122,041 assessed
• 2019$2,186 tax · $110,946 assessed
• 2018$2,109 tax · $100,860 assessed

Home value

$234,523

• Quantarium$234,523

Where it is