$7,995,000

Rare waterfront development opportunity on nearly 40 acres on Cedar Creek Lake that neighbors the prestigious 505 Ranch Club. Dramatic 50 ft of slope creates opportunities for tiered properties – each with miles of lake viewing and incredible sunsets! This is a perfect opportunity to build one or multiple legacy lake homes with the potential for shared amenities, and boat docks. Formerly the site of a marina, the location supports commercial or mixed use functions as well. A sandy beach front and three ponds add interest to this special property. Located on the northern end of the lake, the trip to Dallas is inside one hour! Affiliation opportunities exist with neighboring 505 Ranch Club offering incredible amenities: equestrian facilities (you can board your horses) and polo, ATV course, stocked fishing ponds, skeet shooting range, an owner’s lodge, clubhouse, pool and guest cottages – all with luxury concierge services. Ask listing agent for more details.