Browse All Lancaster TX Waterfront Properties for Sale

Rare Three-Lot Opportunity in Lancaster, Texas — Unlock the Potential! Discover a truly unique opportunity in a great Lancaster location with three adjoining lots being offered together, providing exceptional flexibility for homeowners, multi-generational living, or builders and investors. The existing 1,723-square-foot home, built in the mid-1960s and situated on a pier-and-beam foundation, offers a fantastic canvas for transformation. With the right vision and updates, this property has the potential to become something truly special—whether you envision restoring its character, creating a modern showplace, or developing a personalized family home. What makes this opportunity especially compelling are the two additional adjoining lots, one on each side of the existing home. These extra lots open the door to numerous possibilities: build additional homes for extended family, create a multi-generational compound, develop investment properties, or explore a builder or investor project with multiple homesites. Opportunities like this are increasingly hard to find—three contiguous lots, an existing home with renovation potential, and convenient access to Interstate 20, all in a growing and desirable Lancaster area, minutes from Downtown Dallas. Bring your vision, creativity, and plans. Whether you're looking to create a family legacy property, pursue a unique development project, or capitalize on the potential of multiple homesites, this is an opportunity worth exploring.

1620 N Houston School Rd, Lancaster

$327,777

21199241 MLS

See the map in the property photos. As you can see on the FEMA NFHL map, most (if not all) of the property appears to be within the FEMA Floodway. You will not be able to propose any structure or parking within this area without elevating the site. Any proposed development on this lot will require approval from FEMA. Any proposed work within the floodway will require demonstrating no rise in flood levels, no increase in erosive velocity or flow rate, through a flood study prepared by a registered professional engineer. You will not be able to simply elevate the site without demonstrating no adverse impact. May have conservation or mitigation credits value.

200 S Interstate 35 E, Lancaster

Start Your Search

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

Last updated:

Lancaster Waterfront Real Estate

Our website features the best real estate search for waterfront properties available in Lancaster and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!