Great potential for an upscale rural neighborhood without having to subdivide. The 73.88 acres are currently divided into 12 tracts that are individual Lots in Waggoner Highlands Subd. Extension of power and water would be necessary to build houses on these lots. The land is quality, leveled, irrigated farmland that currently has agriculture tax exemption. The taxes on the property are approx. $600/year. The land is currently being farmed. The land is located in Flood Zone C (the best designation) and in the highly regarded Harlingen School District. This is a great opportunity to invest in a grandfathered, subdivision that has positive cash flow, very low taxes, and a great profit potential in the future.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
