Just beyond the Fredericksburg city limits, this exceptional 3.49 acre offering presents a rare opportunity in one of the Texas Hill Country's most sought after destinations. Towering heritage oaks frame the landscape, creating a setting that feels worlds away while remaining just moments from Main Street, acclaimed dining, boutiques, and wineries. A timeless 1951 mid century residence anchors the property and offers remarkable flexibility, whether restored into a refined private residence, incorporated as a guest house, or reimagined as part of a larger vision. Unrestricted and positioned within the ETJ, the property lends itself to a variety of elevated uses including a boutique hospitality retreat, luxury short term rental compound, family estate, or thoughtfully designed residential enclave. Prior feasibility studies support future hospitality potential, while nearby city utility access further enhances future possibilities. Rarely does a property of this scale, setting, and versatility become available so close to Fredericksburg's historic heart.