This 16.4-acre Princeton Ranch presents a rare investment opportunity, boasting over 500 feet of frontage along CR 491 and convenient access to US 380. Situated within the Princeton ETJ and designated as Suburban Living in the City of Princeton's future use map, the property is strategically positioned next to a planned residential development for 300+ single-family homes. The property currently operates as a horse ranch, featuring a charming 3-bedroom, 2-bathroom main home, an older but well-equipped main horse barn with 17 stalls and 4 tie stalls, as well as two additional hay & equipment barns. Positioned just beyond the city limits with no known restrictions, this prime piece of land offers a promising future for suburban or estate living. With 1 acre designated as a homestead and the remaining 15.4 acres benefiting from an agricultural exemption, this property presents investment opportunity and residential development with endless possibilities.