Rare 1.235-acre opportunity in the heart of Colleyville offering exceptional potential for builders, investors, or buyers seeking a premier estate property. The existing home is approximately 1,800 sq ft, is in fair condition, and provides the flexibility to renovate, lease, occupy, or build new. Surrounded by luxury custom estates and high-end redevelopment, this oversized lot presents a rare chance to create a signature property in one of Colleyville's most desirable locations. The deep dimensions and expansive footprint allow ample space for a custom residence, resort-style outdoor living, pool, guest quarters, and mature landscaping. A recent new construction home on the same street sold for approximately $2 million on a smaller .61-acre lot, highlighting the long-term value and redevelopment potential of this location. Conveniently located near major corridors, DFW Airport, premier shopping, dining, and top-rated schools, while still offering the privacy and character of an established residential setting. Properties with this combination of land size, location, and future potential rarely become available in Colleyville. Buyer to verify all zoning, development options, and utility availability.