Incredibly located, 23 acre Ranchette, **UNRESTRICTED** with development and commercial potential, in one of the Hill Country's most dynamic growth corridors, this is a rare opportunity to acquire a property with both immediate enjoyment and significant future upside. The current plan includes 3 commercial lots with strong FM 311 frontage (approx. 1 acre each) and 15 one acre residential lots behind a proposed gated entrance. Property features mature oak trees throughout and borders Smithson Valley Middle School. Complete engineering plans available, including grading, utilities, and erosion control. New owner could utilize as a multiple family homestead, move forward with the current plan, or explore alternative development opportunities. Currently operating as a successful Airbnb with excellent reviews, the 2859 sqft main home blends Hill Country charm with modern updates, rock accents, hand scraped engineered hardwoods, oversized living area, and spacious kitchen with large island, built in appliances, farm sink, and walk in pantry. Primary suite includes custom shower, soaking tub, and large walk in closet. Two oversized bedrooms upstairs share a full bath. The backyard features an in ground pool/spa by Keith Zars Pools, and covered patio with fireplace and outdoor kitchen. The shop / barn includes two covered horse stalls, turnouts, and 946 sqft apartment upstairs.