$2,025,000

Rare opportunity! 45+ acres of mostly open, vacant ranch/farm land, currently under Ag Lease for the field area. Amenities include a GREAT BUILDING SITE of 1.4 acres elevated 4.5 feet above normal ground level, surrounded on 3.7 sides by stocked ponds (almost an island, more like a fortress moat). New water well on Property has capacity to meet state health requirements of 8 homes; aerobic sewer system(s) would need to be installed. Property has 1290 feet frontage on CR 172 and is adjacent to the Alvin ISD Ag Farm. A nice, quiet area that would be a great site for a horse ranch, an executive estate home, or a residential subdivision. No restrictions, no zoning, not in city limits, no public water or sewer utilities available. One pipeline crosses property in its back quadrant (see attached drawing). PROPERTY IS UNDER AN AG-EXEMPTION Great property for a 1031 Exchange !!!