Lot 3 in the thoughtfully designed Homestead 24 subdivision is a 9.581 acre build-ready property with a recently drilled water well, underground power, native grasses, gentle topography, large post oak trees, and expansive views. Located near the front of the subdivision with horizon views in low-tax Gillespie County, Lot 3 is subject to a grazing lease for an in-place agricultural exemption affording a current annual tax bill of under $10/year. Sensible restrictions in Homestead 24 protect property values while the low annual association dues of $600 allow for affordable ownership without any unnecessary carrying expense as there is no timeline to build. Bring your own builder and horses allowed! 1,800 sq/ft minimum main residence and allowances for an owner to add a guest home, pool, barn/shop and offset ownership through short term rental income make owning and building in Homestead 24 a breeze. Conveniently situated between 1631/2721 and US Hwy 290 just East of Fredericksburg, access to the heart of Fredericksburg is less than 10 min. For big-city needs, Austin or San Antonio can be reached in just over an hour. Additional estate homesites ranging from 5-11+ac available.