Home for Sale at Tbd N Louisiana Drive, Celina, TX 75009

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Tbd N Louisiana Drive
Celina, TX 75009

Coryann Johnson with Texas Homes and Land, original listing - (214) 908-5468

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Property Details

List Price:	$8,816,200
Beds:	--
Baths:	--
Status:	Active
SqFt:	--
Agency:	Texas Homes and Land
Agency Phone:	(214) 908-5468

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Description/Comments

Lot Size:	19 acre(s)
Property Type:	Land-Other
Year Built:	1980
Notes:	Prime Development Opportunity Just North of Downtown Celina. Located just north of Downtown Celina, this property presents an exceptional opportunity for development in one of the fastest-growing areas in North Texas. Situated along North Louisiana Street, just north of the future O’Brien Parkway intersection, the site offers excellent access and high visibility—making it ideal for commercial, residential, or investment use.<br /> 19 total ac. <br /> Key Highlights:<br /> Strategic Location: Minutes from Downtown Celina, and directly across from a 130-acre residential development.<br /> Educational Growth: Close proximity to newly opened elementary and middle schools.<br /> Zoning & Future Use: Designated for future Industrial Commerce use, providing long-term development potential.<br /> Topography: The property features a high elevation point, offering stunning panoramic views of the surrounding countryside.<br /> Flood-Free Land: Ensures safety and usability for a wide range of developments.<br /> Existing Structure: While a residence currently sits on the property, could be repurposed as an office or temporary space.<br /> Outside City Limits: Offers flexibility and fewer regulatory restrictions, while still benefiting from Celina’s booming growth.<br /> This is a rare chance to secure a prominent site on the edge of one of the most dynamic small cities in Texas. Whether you’re an investor, developer, or business owner looking for a future-forward location, this property checks all the boxes.<br /> Also listed as separate parcels: MLS:20771858, MLS:20778918, MLS:20772695
MlsNumber:	--
ListingId:	20903100

Listing Provided By:	Texas Homes and Land, original listing
Phone:	(214) 908-5468
Office Phone:	(214) 908-5468
Agent Name:	Coryann Johnson
Disclaimer:	Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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