Extraordinary opportunity to create your dream home on this expansive, 1.01 acre lot in the heart of Southlake! Imagine the possibilities! Perfectly positioned, facing east with a heavily treed, shady backyard, in one of Southlakes most serene and sought after neighborhoods. There is no HOA in this quiet Woodland Heights community, and it's just a short walk to Southlake Town Center, top-rated Carroll ISD schools, shopping, and dining. The existing home offers a lot of renovation potential, and the property features a gorgeous updated pool, ready to be reimagined into a luxurious outdoor oasis. Whether you choose to build new or revitalize the current home, this is an incredible investment opportunity in a neighborhood where properties rarely become available.