CBRE Brokers 408-Acre Land Sale as part of 575-Acre Master Planned Community in Royse City, Texas

CBRE has announced the sale of 408-acres of land in Royse City, Texas. The site will soon be home to Clearview Ranch, a 575-acre master planned community with space for 1,200 single-family homes and retail/commercial property. The property is located on the southeast corner of FM 1777 and CR 677.

Carter Kendall with CBRE’s Land Services group in Dallas-Fort Worth represented the seller in this transaction. The property was purchased by Dallas-based S2 Land Development, LLC.

“Clearview Ranch is a great example of a developer going above and beyond in order to create something special,” said Carter Kendall, senior vice president at CBRE. “Justin and Tami at S2 Land Development have proven that they’re willing to work the hardest to create a win-win scenario for everyone, from the seller to the developer and the community. Housing in Royse City continues to be in high demand, and this is just the tip of the iceberg as more retail and commercial developers begin to follow the residential growth we’ve been seeing right now.”

Located on the north side of Royse City, Clearview Ranch will consist of approximately 1,200 single-family homes with deeper than average lot sizes that will allow homeowners to accommodate more outdoor living area and 300 townhomes with plentiful greenspace. Residents will also be able to enjoy premium amenities including over 3-miles of hike and bike trail, resort style pool and numerous pocket parks.

“S2 Land Development is uniquely positioned as a developer in the DFW market,” said Justin Christ, President of S2 Land Development. “S2|LD was built on a strong engineering foundation, solid contractor relationships and quick nimble decision making – there is no project that is too big or too small for our team to tackle and bring to market for the region’s homebuilders. We hope Clearview Ranch is an example where a developer can bring larger premium lots to the market at competitive prices.”

Construction is planned to begin in late summer of 2023 and Phase 1 is planned to open for sales in the first quarter of 2025.