Discover one of the best land values in the Fredericksburg area! This is the lowest-priced acreage lot near Fredericksburg, Texas, offering an incredible opportunity to build your Hill Country dream home without sacrificing space or flexibility. Located in the desirable Oakwater Subdivision, this AG-exempt property features multiple level building sites and reasonable HOA restrictions designed to preserve the beauty of the community while allowing flexibility for your plans. Build a custom home, or explore approved modular and certain manufactured home options (subject to HOA approval).Restrictions require a minimum 1,400-square-foot primary residence and allow up to three additional structures, giving you room for a workshop, guest house, barn, or studio. Enjoy the peaceful ranch-style setting with community amenities including a pavilion and playscape. The HOA maintains an easement over a portion of the property for access to these amenities. Electricity is available at the lot; a well and septic system will be needed. The property is AG exempt, with current taxes of only $148.42 per year. The neighboring lots are also available for purchase, creating a rare opportunity to expand your acreage. If you've been searching for affordable land near Fredericksburg, Texas Hill Country acreage, or a place to build your dream home at an exceptional value, this property deserves a closer look.