FM 121 Rare opportunity to own 23+ unrestricted acres just 2.5 miles from downtown Van Alstyne, offering endless potential in a prime North Texas location. This ag-exempt, unzoned property sits outside city limits and boasts 130 feet of frontage along FM 121, making it ideal for a private estate, family ranch, recreational retreat, special events venue, or future development. A picturesque tree-lined northern boundary follows the peaceful Sister Grove Creek, creating a natural backdrop rich in privacy and charm. A tranquil pond enhances both the beauty and functionality of the land, while expansive open pastures provide the flexibility to bring your vision to life. An additional 1-acre tract with a home is also available, increasing total road frontage by an additional 160 feet for nearly 300 feet along FM 121. With no deed restrictions, agricultural exemption in place, and close proximity to town, this is a truly exceptional opportunity to own a versatile piece of North Texas land.