Paragon Realtors Real Estate

155 PhillipsRunaway Bay, TX 76426Price: $168,500

  • Price: $168,500
  • Est. Mortgage of $/month
  • 3 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.66% last updated on Aug 27, 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.
  • $168,500List Price
  • 3.77Acreage

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Listed by Melinda Wray of Alliance Properties (682-444-0989)
Ready for quiet, country living while remaining close to the best the metroplex provides? At nearly 4 acres, this spacious, heavily timbered property is among the largest remaining homesites in Runaway Bay. Originally 7 individual lots, 155 Jim Walters Drive has been replatted to include all of Phillips Court. Surrounded by natural beauty, this sprawling location is deeply forested and surrounded by protected green belt, meaning scenic views with exceptional privacy and security. The property includes an already cleared and leveledarea that was to be a paved cul-de-sac, now the perfect location for your new dream home. At 3.76 acres you'll have plenty of options to add a guest-cabin, second residence for extended family, or a work or craft studio.This unique setting offers unobstructed hilltop views, and side-to-side, front-to-back north Texas forest, featuring native red and live oaks, pecan and mesquite trees, rugged boulders, prairie grasses and visits from local white-tailed deer. The walkable, peaceful neighborhood is nearby to local conveniences and the ideal location for those ready to escape metroplex sprawl and live amidst the beautiful horse and cattle ranches of central Wise county.Runaway Bay is on the southwest side of Lake Bridgeport and less than 3 miles from the marina and public boat ramp at Wise County Park, perfect for boating, fishing and hiking adventures with family and friends. The town itself is intersected by US highway 380, and just 20 minutes from Decatur, 40 minutes from Denton and only oneto Fort Worth or DFW airport. Take a visit to this property and see for yourself what a unique opportunity this beautiful location represents.

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Based on information submitted to North Texas Real Estate Information Services as of August 31, 2026 11:00 AM UTC. 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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