Keller ISD board approves sale of 4.5 acres in Southlake for $2.7 million

The Keller ISD Board of Trustees on March 26 approved a resolution to sell the surface rights to roughly 4.5 acres at the southeast corner of Johnson Road and Harrell Drive (3095 Johnson Road, Southlake) to Clay Homes for a bid price of $2,700,000.

Administration presented the background on the property sale process: the board previously declared several parcels as surplus, the district published required public notices and solicited sealed bids, and work with broker JLL produced top respondents before the board reached the recommended buyer. John, the district staff member who described the sale, said “the sales price... was $2,700,000 for that, 4 and a half acres.” The board approved a resolution authorizing the district to move forward with buyer and district due diligence and with the steps required for zoning and planning approvals.

The item required no immediate change to district operations but begins a process that will include buyer and district due diligence and later regulatory steps. During the vote, the chair called for all in favor; the board recorded five affirmative votes, no oppositions and one abstention. A trustee identified on the record as choosing to abstain explained their decision during the roll call.

The district noted potential next steps include finalizing due-diligence items, pursuing required zoning actions with Tarrant County/City of Southlake as applicable and returning any finalized purchase agreement for administrative execution. The administration told trustees that Clay Homes plans to build approximately three to four single-family homes on the parcel, subject to zoning and planning approvals.

The resolution directs staff to continue due diligence and to return to the board with final documents and implementation dates. No purchase closing date was set at the meeting.