Discover this perfect .21-acre lot in the peaceful Lost Valley Subdivision. With no HOA and light deed restrictions, you'll enjoy the flexibility to create a home that fits your vision without the limitations of a heavily regulated community. The lot is level, partially cleared, and offers easy access to nearby utilities, making it an ideal site for a custom build or investment property. Conveniently located near Highway 16 and just minutes from Bandera and Pipe Creek, this property offers a quiet, rural setting while keeping you close to shopping, dining, and everyday conveniences.