This +/- 19 acre property is located directly off of the well-known FM 1431 within 11 miles of Marble Falls and 17 miles of Lago Vista. There are +/- 5 acres that include the active water well on the N side of 1431 and the remaining +/- 14 acres directly across the road where the 2-story southern style brick veneer home, pool, and tank are situated. Having direct access on both sides of FM 1431 creates a unique buyer's opportunity as both parcels are unrestricted and under current ag exemption for low property taxes. Both tracs have mature hardwoods throughout and have perimeter fencing, but will need some work. The 2-story southern style home is +/- 4,352 sq. ft., 2-car garage, 4 bd, 4 bath, pool, a large fenced in yard with beautiful mature oak trees throughout. With a little TLC this home has incredible potential.