An exceptional opportunity awaits in the heart of Southlake: a rare 1 acre property nestled in the serene, tree-lined Emerald Estate community and zoned to top-ranked Carroll ISD. This expansive homesite offers privacy, flexibility, and the luxury of space — with no HOA restrictions. Positioned just minutes from Lake Grapevine, the property offers easy walkable or bikeable access to the lake’s scenic trails, parks, and recreational spaces. The wide, level lot is beautifully open with mature trees and lush grassy areas — perfect for kids and pets to roam freely or for designing a private outdoor oasis. Whether you choose to build a custom estate or renovate the existing structure, you'll enjoy a peaceful yet prestigious setting on a quiet, tree-lined street surrounded by custom homes — all just minutes from Southlake Town Square, elite schools, upscale dining, boutique shopping, major highways, and DFW Airport. Opportunities to build on a full acre in Southlake are becoming exceedingly rare — especially with no builder restrictions and no HOA oversight. Bring your vision, your plans, and your future to 1261 Emerald Circle. Schedule a private tour today.