4823 Cedar Ln
Melissa, TX 75454

Franklin Land Company is pleased to present ±38.05 acres at 4823 Cedar Ln in Melissa, Texas — one of the city's few remaining development-ready tracts of this size in the path of North Collin County's continued expansion. Positioned in the City of Melissa ETJ and within the sought-after Melissa ISD, the property sits on the west side of CR 471, southeast of the established Meadow Run community, and is surrounded by proposed residential growth on both its east and west boundaries.
The tract offers a clean development profile: it lies entirely outside the floodplain (Zone X) and is currently served by a residential-sized waterline, with a nearby path to future water and sewer service. Existing improvements — a ±3,900 SF residence and three shops — convey with the property, offering interim use and holding potential while a buyer advances entitlements. With active single-family projects flanking the site and the City of Melissa guiding growth into this area, the tract is well-positioned to be folded into the next wave of residential development.
Melissa is among the fastest-growing cities in Collin County, with a 2025 population of approximately 29,969 — roughly 115.6% growth since 2020. The surrounding trade area carries a median household income near $138,763, a median home value around $454,000, and an owner-occupancy rate of 88.7%, underscoring the depth of demand for new rooftops. Whether for a homebuilder assembling its next community, a developer seeking a well-located residential site, or an investor positioning ahead of infrastructure, this property offers the fundamentals of a high-growth Collin County submarket. Contact broker for price guidance and additional due-diligence materials.