Newalla, OK 74857
59 S Peebly Road, Newalla, OK 74857
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The details
About this home
TURNPIKE FRONTAGE FUTURE: 59 gross acres - South Peebly planned as the first exit south of I-40 Interchange in OKC off the new 'Outer Loop' (East West Connector) - Future Development Raw Land. Positioned to become the first right-hand turn off the new S Peebly Road exit, this 59; acre tract offers rare control of prime frontage at the intersection of long-term infrastructure expansion & 50-year growth projections. Located in the Newalla area within Oklahoma City limits in Cleveland County, the site sits along the new corridor connecting Interstate 40 (Tulsa & OKC) to Interstate 35 (OKC & Dallas). Few properties offer this level of future visibility & access. Positioned as the first property off the new interchange along Interstate 335 connecting I-40 & I-35, this 59 acres in 2 tracts provides an early-mover advantage in the growth corridor between OKC & Norman. Comprised of two raw land tracts totaling ~59 acres, the property features over 660 feet of frontage on S Peebly Road, providing outstanding visibility, access flexibility, & development versatility. Strategically located between Norman & Shawnee, the owner will divide upon accepted offer & entitlement, & private utilities are permitted. Early positioning along major transportation projects consistently drives long-term value. Secure frontage, scale, & future access in one of the metro’s most promising corridors. ***Please note: References to a proposed turnpike exit, interchange, or roadway improvement are based on public planning info. Construction timelines, funding, final design, & access configuration are subject to change. Illustrations are for informational purposes only & actual lines are subject to final ROW & Survey.
Price history
History from MLS records since this home was listed.
How much to offer
Market context, not advice — your agent will help you decide.
The seller has asked that no price estimate be shown for this home. Here is how similar homes nearby sold.
How we got this
- Similar homes in ZIP 74857 sold for a median 87.6% of their final list price (28 sales).
- 14% of them sold at or above list price.
- They took a median 75 days to go under contract and close. This home has been listed 11 days.
- The range spans the middle half of how those sales closed against list price.
Source: MLSOK closed sales in ZIP 74857 with similar bedrooms and size, Nov 2025–Oct 2026 (28 sales). Sale-to-list uses each home's final list price. Condition, upgrades, terms and timing matter as much as price. This is not an appraisal or a valuation of this home.
Talk it through with an agentMonthly cost
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Principal, interest, taxes, insurance, and HOA.
Assumes a $2,250,000 price, 20% down, 30-year fixed rate at 7.11% (APR 7.11%). Includes taxes and insurance; mortgage insurance not included. APR assumed equal to the rate; actual APR will be higher with lender fees. Estimate only. Not a loan offer or commitment.
The MLS reports $250 in annual taxes, which may not reflect the next owner's assessment. This calculation starts with a planning allowance of 1.1% of the price. Adjust taxes below after confirming the amount with your lender or county assessor.
- Principal & interest
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- Property taxes
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- Home insurance
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- HOA
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Planning estimate, not a quote. Rate and insurance are editable assumptions. Taxes can change after purchase; confirm HOA dues and their frequency. Mortgage insurance, closing costs, and maintenance are not included.
Rate: Freddie Mac Primary Mortgage Market Survey 30-year fixed average for the week of Nov 12, 2026, via FRED. An average, not a quote.
Insurance: about $5,800/yr for a $300,000 Oklahoma home, scaled by price (Oklahoma average, InsuranceNewsNet and Insurify 2026 studies). Your quote depends on the home, roof, deductible and insurer.
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Liberty Link Group · licensed insurance agency
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Kurt Swink · Financial Concepts Mortgage
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Kurt Swink, NMLS #207515 · Financial Concepts Mortgage, NMLS #181632.
This is not a loan application, a rate quote, an offer of credit or a commitment to lend. Loan approval depends on the lender's review.
Equal Housing Opportunity.
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Listing provided courtesy of Brian Merzlock, Keller Williams Realty Adv. (918-347-1134). Status: Active.
Listings courtesy of MLSOK as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Mar 8, 2026, 6:59 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS, as established by the applicable MLS Governing Documents.
The listing information provided here is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use or search of this data other than by a consumer looking to purchase real estate is prohibited.
Data last updated Mar 8, 2026, 6:59 PM CT. MLS # 1216347. Homestead & Co is a licensed Oklahoma real estate brokerage.
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