INVESTOR SPECIAL | 1.14 ACRES | NO HOA | HIGH ARV POTENTIAL in Grayson Calling all investors, renovators, and visionaries! This is the opportunity you’ve been waiting for. Located in the highly desirable city of Grayson, this 5-bedroom, 3 full bathroom home sits on a generous 1.14-acre lot and is ready for transformation. It also has an unfinished basement, which is an opportunity to significantly increase livable square footage and boost after-repair value. Yes, it needs lots of TLC. But with the right vision, this property has incredible upside potential. The layout offers ample space for reconfiguration, expansion, or a full modern renovation to maximize ARV. Large homes on acreage in this area are in high demand, making this a prime opportunity for resale or long-term rental hold. The huge fenced backyard provides privacy and flexibility — perfect for outdoor living upgrades, added amenities, or creating a standout feature that today’s buyers are searching for. There is no HOA on the property; however, buyers have the option to join the Waterton community association, which provides access to amenities including an Olympic-size pool, tennis courts, playground, clubhouse, lake access, community events, and a swim team. Investors know location is everything — and Grayson continues to be one of the most sought-after areas thanks to strong schools, community appeal, and consistent buyer demand. Opportunities like this that has acreage, size, location, and no mandatory HOA — are rare. Bring your contractor, your creativity and run your comps. This one has serious potential. **Sold as-is. Serious inquiries only.**