Waller County development and investment potential! This is a division of a generational family ranch and has never been on the market. The tract boasts 2,500 feet of frontage on FM 362 and 1,500 of frontage on Reid's Prairie Road. There is an 8 G&W Water Supply Corporation's waterline along the north side of Reid's Prairie Road. There are no restrictions. Adjacent 641 acres also for sale. Southeast corner of the intersection of FM 362 and Reid's Prairie Road, and only 45 minutes from Houston. Two sides perimeter fenced, no other improvements. The habitat is a 30/70 mix of open, semi-improved grasslands and woodlands typical of the southern post-oak savannah. Post oaks, loblolly pines, and cedar elms make up the bulk of the tall trees, and the understory is diverse and valuable to the local wildlife. There is limited floodplain on the southeast side and no other easements or encumbrances. While primarily managed for grazing over the last several decades, the property has been taken care of and sports healthy populations of white-tailed deer, migratory ducks and other birds, small game, and feral hogs. Birding in this area is better than average, especially in the spring. The current 1-d-1 Open Space Valuation for Agriculture results in an extremely low property tax burden.There is an 8 G&W Water Supply Corporation line on the north side of Reid's Prairie Road with a $2,600 tap fee. G&W staff claims it is possible to bring the waterline under Reid's Prairie Road.