1261 Emerald Circle Rare opportunity to own approximately 1 acre in the heart of Southlake within highly acclaimed Carroll ISD! Tucked away on a quiet cul-de-sac, this desirable north-facing property offers the perfect blend of privacy, flexibility, and future potential. North-facing homes are highly sought after in Texas for their balanced natural light, reduced direct afternoon sun, enhanced outdoor comfort, and potential energy savings during the hot summer months. Surrounded by mature trees and established landscaping, the expansive homesite offers a peaceful setting with beautiful sight-lines, exceptional privacy, and endless possibilities. The existing home is ideal to enjoy as-is, renovate, expand, or build the custom estate of your dreams. Builder plans are available, and buyers have the option to work with experienced custom builders familiar with the property or bring their own builder. With no HOA and no required timeline to build, you have the freedom to create your vision at your own pace. The generous lot provides ample space for a resort-style pool, outdoor kitchen, guest quarters, sport court, workshop, or additional garage. Just minutes from Lake Grapevine, enjoy boating, fishing, hiking, biking, kayaking, paddleboarding, and countless outdoor activities. You'll also appreciate the close proximity to Southlake Town Square, offering premier shopping, fine dining, entertainment, and community events, along with convenient access to DFW International Airport, Dallas, Fort Worth, and major business corridors. One-acre properties in Southlake are becoming increasingly rare, making this an exceptional opportunity for homeowners, investors, or those seeking the perfect luxury homesite. Whether you're looking for a move-in-ready home, renovation project, or premium lot to build your dream home, this property offers unmatched flexibility, location, and long-term value.