Are you looking for a prime piece of real estate located right on the edge of town, but with the potential to be utilized in a number of different ways? Investment, development, or even a primary residence? Look no further than this beautiful acreage located right next door to the Prague High School, Middle School and just minutes from downtown. This acreage offers a great mix of mature timber, good hay production, multiple ponds, as well as access to all of the utilities you could possibly need. Whether you are looking to develop the newest neighborhood in town or potentially want to build your new dream retreat in the country with all the amenities of town, this property could check a lot of those boxes.The property is located on a paved road and just half mile from Highway 62. Included utilities for the property are electric, fiber internet, and city water. Already on-site is a 2,080 sq ft home built in 1971, as well as multiple outbuildings including a game room/guest cabin, large barn for stables, shop for equipment storage, and so much more. There are 3 ponds scattered across the property offering great fishing but could also be the focal points to develop a new neighborhood around for the investment/development-minded buyer. A good sized hay pasture on the north end of the property also offers additional space for a strategically laid out neighborhood. The property is currently not located inside the city limits of Prague, but the county road on the east side is the boundary. Shopping, groceries, school, athletic facilities, church and more are all located within walking distance of this property. Enjoy all the benefits of town while also having plenty of space to spread out and enjoy some peace and quiet. The epitome of country living with all the amenities of town just minutes away.