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Interstate 35E Waxahachie

Updated Mar 5, 2026

Michael Waters Of Minto Communities USA Acquires 3170 Acre Development Site In Waxahachie
SOLDDevelopment Site

Michael Waters Of Minto Communities USA Acquires 3170 Acre Development Site In Waxahachie

Building Size

—

Asset Type

Development Site

Closing

Feb 25, 2026

About this deal

AI

The property involved in the transaction is a development site located west of Interstate 35E, east of Lone Elm Road, north of FM 1446, and south of FM 875. The site spans 3,170 acres and is situated in the Waxahachie market. The planned development consists of a 13,270-home master-planned megadevelopment featuring residential districts, 1.2 million square feet of commercial space, parks, and civic amenities.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: West of Interstate 35E, East of Lone Elm Road, North of FM 1446 & South of FM 875
  • Market: Waxahachie
  • Acres: 3,170
  • Buyer: Michael Waters - Minto Communities USA

The deal represents Michael Waters, who is affiliated with Minto Communities USA. Minto Communities USA has secured approval from the Waxahachie City Council to commence construction later this year. The development is set to be located approximately 30 miles south of downtown Dallas.

Players

Michael Waters

Minto Communities USA

Buyer

$11.7M

vol

2 deals

Buyer
Bilt advertisement

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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