This property offers the rare opportunity to build your dream home now or in the future with panoramic views of open water. A full, one-acre lot with a 1050 sq ft cottage above the water and a 3 slip boat dock beneath. This home is grandfathered in as homes are no longer allowed to be built over the water! Enjoy your lake property while you build by living on the premises or using it as a vacation rental. The cottage could be used as a guest house after the main home is complete. Bulkhead, well, septic, and one car garage with finished space above are also on the property. Property has deep water access and is over 5 feet deep at the end of the dock. The main portion of the lot is well above the 208 ft requirement for new builds on the lake which means NO FLOODING. Low property tax (2.4%), no HOA fees, very limited deed restrictions. This lot will accommodate a very large home and is surrounded by million-dollar homes. The lot is 8 minutes from I-45 and 15 minutes from The Woodlands.