21 Acres with 2-Acre Pond, Development & Investment Opportunity Powderly, TX Located just minutes from Paris, Texas, this 21-acre tract offers a rare combination of acreage, pond, and proximity to town, presenting significant potential for investors, builders, or developers. The property includes an approximately 2-acre pond and existing improvements, with portions of the current structures requiring substantial renovation. The site is currently classified for multi-family use (buyer to verify zoning, restrictions, and development requirements), creating flexibility for a range of potential projects. With both homestead and agricultural exemptions presently in place (buyer to verify continuation and eligibility), this property offers immediate holding advantages while future plans are evaluated. Potential uses may include renovation and stabilization of existing improvements, increased residential density, build-to-rent concepts, private retreat development, or full redevelopment. Opportunities combining acreage, water, and location within minutes of town are increasingly limited in Northeast Texas. Buyers are encouraged to perform all due diligence regarding zoning, utilities, exemptions, and development feasibility.