21.57 unrestricted acres with approx. $5,600/month in current rental income located on Longhollow Rd just minutes from Highway 21, Highway 71, Highway 130, Tesla, Bastrop, Austin, and surrounding high-growth areas. Rare opportunity offering residential, commercial, investment, ranch, mixed-use, and future development potential all in one property. Includes both Tax Lot 9 and Tax Lot 10 with both APN parcels conveying with sale. Property includes two homes, large metal workshop, storage buildings, utilities already in place, mature trees, open usable land, RV/boat storage potential, and a small pond toward the rear of the property. The newer home was built in 2011 and offers approximately 650 sq ft with 1 bedroom, 1 bathroom, central heating & cooling, metal roof, covered porch, and concrete beam foundation. The second home offers approximately 786 sq ft with 2 bedrooms, 1 bathroom, covered porch, wood deck, detached garage, and additional rental or long-term value potential. Excellent setup for investors, developers, business owners, contractor yard, equipment storage, RV park expansion, homestead use, multi-generational living, rental income, or owner-occupants looking to live on-site while generating additional income from the second home, workshop, storage buildings, and land use opportunities. Property previously held an agricultural tax exemption which may be reapplied for by buyer. Buyer to verify all zoning, restrictions, development potential, utilities, taxes, schools, floodplain, and measurements.