Rare opportunity to secure a premium 1.02-acre homesite in the heart of Southlake within award-winning Carroll ISD. With no HOA and no required timeline to build, this north-facing property offers the flexibility to create the custom home you've always envisioned at your own pace. Bring your own builder or take advantage of available custom home plans from local builders, with builder incentives available. The existing single-story home provides the option to live comfortably while planning your future dream home, renovate and expand, or start fresh with a new luxury estate. Flat, usable lots of this size in Southlake are becoming increasingly difficult to find, making this an exceptional opportunity for homeowners, builders, or investors seeking long-term value. The spacious homesite offers endless possibilities for a resort-style backyard, pool, guest house, sports court, workshop, or additional garage space, subject to city approval. A north-facing orientation is especially desirable in Texas, providing reduced direct sun exposure to the front of the home and helping create more comfortable outdoor spaces while improving energy efficiency. Ideally located just minutes from Southlake Town Square, DFW Airport, shopping, dining, parks, golf, and miles of walking and biking trails around Lake Grapevine, this property combines privacy, convenience, and exceptional future potential. Whether you're searching for land to build a luxury custom home, a rare acreage property in Southlake, or an investment in one of North Texas' most sought-after communities, this property offers a unique opportunity that is increasingly hard to duplicate.