$5,000,000

This one of a kind dream property is a nestled high on a hill with a panoramic view of Lake Waco. It is the most exquisite 20 ac. lot in the area and offers both the opportunity for premier, high-end residential development or a private and lavish homesite. The lush park like setting, with a secret rose garden, stately oak trees, rock waterfall and gorgeous estate grounds are only limited by your imagination. Zoned R1-B, this meticulously crafted property offers a development opportunity paired with luxurious amenities and natural beauty, making it an enticing estate or development investment. The City of Waco website describes R1-B as a "single family residence district intended to provide for single-family development of moderate density, where a full range of urban services to residents or maintain low-intensity use of open land." In addition to the development use, Westchester Estates is also an exceptional opportunity for a single family homesite with breathtaking lake views and a myriad of possibilities. Currently it is used as private office space and the existing structure is perfect for hosting business meetings and/or private events. The professionally designed and decorated Texas style building is a beautiful display of attention to detail and ensures a seamless blend of functionality and aesthetics. Located in one of the quietest and nicest areas, this property offers a serene and peaceful living and working experience. Enjoy the privacy and exclusivity of the neighborhood while still being within close proximity to essential amenities and attractions. With vision, the current structure could be a common clubhouse, where residents can gather and socialize with neighbors and friends, or a comfortable and elegant guest house to a larger estate home that overlooks the lake. Convenience and opportunity is key! Baylor University, with its successful academics, athletic programs, McLane stadium, the new basketball center and Waco's downtown expansio