Paragon Realtors Real Estate

0 St Hwy 198 HighwayCanton, TX 75103Price: $999,999

  • Price: $999,999
  • Est. Mortgage of $/month
  • 4 Days on Market
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Federal 30-year interest rate: 7.24% last updated on Oct 29, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $999,999List Price
  • 51.73Acreage

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Listed by Courtney Dickens Johnson of TX Lake & Land Real Estate (903-802-7080)
Offered for sale for the first time in a century, this 51.73-acre, ag-exempt property in Phalba, Van Zandt County, presents a rare opportunity to own land purchased by T.B. Green in December 1925. Located along Highway 198 between Mabank and Canton, approximately one hour from downtown Dallas, the property is just 10 minutes from Mabank and 13 minutes from Canton. Gently sloping terrain, predominantly open pasture, and a mix of hardwoods create an attractive setting with excellent investment potential. The land is currently used for hay and crop production and has no known restrictions. The property consists of two tracts: Tract 1 includes 35.17 acres north of Highway 198, and Tract 2 includes 16.56 acres south of the highway. Potential exists for further subdivision, subject to verification of applicable requirements. Contact the listing agent for additional information, and refer to the survey for details on Tracts 1 and 2.

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Based on information submitted to North Texas Real Estate Information Services as of November 1, 2026 10:50 AM EST. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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