** DEVELOPMENT OPPORTUNITY ** The Grove at Mustang Ridge was recently approved to develop 176 single family residential lots with an additional 4.56 acres reserved for multi-family/commercial use. This exceptional 33.83 acre parcel has no flood plain and is situated in Mustang Ridge ETJ less than a mile from the intersection of S.H. 21 & S.H. 130. With its strategic location and approved development agreement already in place, this property is the ideal investment for developers looking to create a thriving community in a rapidly growing area within 15 minutes from Austin. To support this density, the water study reported that the waterline will need to be upgraded to an 8-inch. Contact the listing agent for more details!