12.82 Acres of Land for Sale in Rockwall, TX

Lots of options....#1) PURCHASE ALL 12. ACRES & keep in AG Exemption as an investment or to build a single residence. #2) Could be a DEVELOPMENT,#2) Seller is CURRENTLY IN PROCESS of having property replated into four parcels of 3+Ac's each with a min of 1 acre of each property out of the flood zone. Plat should be approved Aug 3rd at City Council Meeting. #3) Divide into TWO 6.3AC parcels that could remain in AG Exemption (except the part you take out to build a home on). #4) Current Owner is working with the city to PLAT into FOUR 3+AC homesites and once approved will offer these 3+AC homesite for $795K each. A buyer could contract a homesite fully contingent upon City Approval. If current owner gets the 4 homesite Plat approved there would be deed restriciton in place that are still yet to be determined but more than likely min sq footage would be 3500SF to 4000SF min. Shops or Barns would be allowed (per city reqirements & code). There is a rendering in photos that show what this could look like but is just an approx rendering, not exactly what would be approved. Contact agent for more detials. Utilities Gas, Water, Elect appear to be nearby, buyer to verify.