Exceptional opportunity to acquire slightly over 51 acres across two parcels in the fast-growing community of Leonard, TX. The property is currently AG exempt with cattle grazing while offering outstanding development potential. The seller has secured a development agreement with the city allowing for a residential subdivision featuring 40' and 50' homesites. The property is available for purchase as raw land, fully entitled (paper) lots with 40' and 50' homesites, a 1-acre estate lot development, or finished lots ready for a home builder, providing flexibility for builders, developers, and investors. Ideally suited for either a high-density residential community or a larger estate-style neighborhood, this property is located in a rapidly growing area with excellent schools, including a brand-new elementary school, making it well positioned to meet strong housing demand. Additional adjoining acreage may also be available for purchase, creating the opportunity for an even larger development. Bring all offers.