This is a huge (23675 sq ft=0.53 acres) residential lot with a front lake view, located in the exclusive gated community of Parklake Village, minutes away from I-10 Hwy, and just 15 min from the Energy Corridor where all major oil companies have their offices. Schools belong to Katy ISD - the award winning school district in Houston. Close to major shopping centers - Memorial and Katy Mills malls. Great location and space to build a dream home. The subdivision is almost completely developed, just few lots left. This lot is the largest one and allows to build 6000-7000+ sq ft house and still have enough space for swimming pool, lush landscaping and other outdoor amenities to enjoy. Deed restrictions for new construction require a minimum of 2800 sq ft for 1 story and 3200 sq ft for 2 story home with approval by architectural control. Water/sewer, electric, cable, phone, gas available. Survey and deed restrictions are available upon request. There is no time limit in which you must build on this lot. Annual taxes are: Harris Co. - $701; Mud -$ 440; Katy ISD - $1660; HOA - $1800. Asking price for this lot is 9.7 $/sq ft, below the range of 12.35 to 17.50 $/sq ft for other lots in the same subdivision. Keep the lot and sell later with profit (at least $50,000 at 12$/sf) or build a new house. Recent sales of new houses (6500+ sq ft) in this subdivision are 950,000+ (150-160 $/sf), and keep increasing even in the present market conditions. Whether your plans are to build a primary home or acquire property that will rapidly appreciate - this is an excellent opportunity to have a dream home and/or investment.