"THIS PROPERTY IS CURRENTLY UNDER CONTRACT WITH A 48-HOUR FIRST RIGHT OF REFUSAL. THE SELLER IS SEEKING ADDITIONAL OFFERS". Discover the freedom and potential of this exceptional 5-acre property in Rexburg. With no CCRs, you have the flexibility to build, develop, or use the land exactly as you envision - whether that's a custom home, hobby farm, or investment opportunity. This parcel includes valuable water rights through the Texas Slough, offering added utility for irrigation, livestock, or enhancing your future plans. The flat, usable acreage provides plenty of space for your dream home, outbuildings, animals, and recreational use, all while enjoying the peaceful surroundings of rural Idaho. An added advantage is the potential to split the lot, creating opportunities for future development, resale, or multi-generational living. Whether you're looking to build now or invest for later, this property offers versatility and long-term value. If you've been searching for land with fewer restrictions, water rights, and room to grow, you won't want to miss out on this 5-acre lot!