FM 75 @ New Hope Rd E
Princeton, TX 75407

Franklin Land Company is pleased to offer a ±61.12 acre entitled residential development opportunity at the southeast corner of FM 75 and New Hope Road in Princeton, TX — currently the fastest growing city in the United States and one of the most rapidly expanding submarkets in Collin County.
The property comprises Tract B of Planned Development 38 (PD 38), established under City of Princeton Ordinance No. 2022.10.24.05, and is fully entitled for 315 single family detached lots — 200 Type A lots (50' wide, 5,000 SF minimum) and 115 Type B lots (40' wide, 4,000 SF minimum). Critically, the site is grandfathered under its existing development agreement and is NOT subject to the City of Princeton's current citywide moratorium, offering a rare path to near term vertical construction in a supply constrained market.
LOCATION & ACCESS
The site has frontage via a dedicated spine road off County Road 466, plus a recorded access easement extending to FM 75 along the western boundary. Located approximately 30 miles northeast of downtown Dallas and 38 miles from DFW International Airport, with convenient connectivity to US 380, FM 75, and New Hope Road.
UTILITIES
Princeton CCN provides both water service (CCN No. 13195) and wastewater service (CCN No. 21057), with capacity confirmed under the development agreement.
SURROUNDING DEVELOPMENT
The site sits within an established corridor of master planned residential growth. Adjacent and nearby entitlements include:

Whitewing Trails — 2,406 lots + 400 MF units
Eastridge — 2,400 lots (under construction)
Westridge — 1,103 lots (partially in development)
Serenity — 700 lots
Monticello Park — 287 lots
Princeton Luxury Villas — 113 lots
Sicily North & Sicily Lagoon
Garden Homes of Venice (adjacent Tract A) — 205 unit BTR community
±240 acres reportedly under contract to Green Brick Partners

This concentration of entitled inventory and active builder activity validates strong, sustained residential demand in the immediate trade area.
SCHOOLS
The property is split between two highly regarded Collin County school districts. Approximately 16 acres are within McKinney ISD (Webb Elementary, Scott Morgan Johnson Middle, McKinney North High School), and approximately 45 acres are within Princeton ISD (Green Elementary, Southard Middle, Princeton High School). Combined tax rates are favorable at approximately 1.77% (MISD portion) and 1.88% (PISD portion).
MARKET DEMOGRAPHICS
Princeton's population is estimated at approximately 46,700 in 2026, having grown 166% since the 2020 Census and continuing to expand at over 11% annually — the highest rate in the nation. The market boasts a median household income of $105,200 and a median age of 32.4, an ideal family driven demographic for entry level and move up single family product.
ENTITLEMENT SUMMARY

315 total single family detached lots
200 Type A lots: 50' min. width, 5,000 SF min. lot area, 1,800 SF min. dwelling
115 Type B lots: 40' min. width, 4,000 SF min. lot area, 1,400 SF min. dwelling
4 to 6 units per gross acre maximum density
80% masonry requirement on all exterior walls above grade
Front entry permitted; alleys not required
Min. 8.5 acres usable open space including clubhouse, pool (2,200 SF water surface), splash pad, cabana, and three additional amenities
HOA required for Tract B