Here is a very special property, with strategic location on the Scenic loop, next door to the City of Grey Forest, with no city taxes. This property is suitable for residential, commercial & resort use, with potential for profitable development. An old home with stone walls, on 3.12 acres, is being renovated and expanded. The owner's present plans now call for a 4 bedroom, 3 1/2 bath finished product of about 2,900 square feet, subject to change without notice. The property has great visibility, with more than 800 feet of frontage on Scenic Loop. There is more than 890 ft. of flowing, spring fed creek, with native bass & perch, at the rear of the property, lined with lush growth including mature oaks. At this point, a buyer can participate in decisions about finish-out, landscaping, and future use of the property. This is a very unique opportunity for a knowledgeable investor.