Welcome to 146 Jellico Circle, Southlake - a rare opportunity to own an expansive 4.98-acre property that promises both tranquility and space in a sought-after location. This unique offering consists of two sprawling parcels being sold as one property, providing ample room for those who appreciate outdoor living and privacy, all while backing to a charming almost 15 acre park with walking trail and playground. The property is highlighted by its mature trees and vast open spaces, perfect for gardening enthusiasts, those looking to create a play area or anyone who simply wants to enjoy the serene natural surroundings. Adding to its functionality and rustic charm, the acreage includes a 6-stall barn with tack room, a feed room, a loafing shed, fenced and cross fenced with pipe fencing, and has an area for lighted arena, ideal for horse lovers or those in need of additional storage. Step inside to discover a thoughtfully designed living space encompassing 3,335 square feet. This one story home with a 3 car garage features 4 spacious bedrooms and 3 full baths, 2 living areas, a large galley-style kitchen w breakfast area, & a formal dining room offering ample room for comfort & relaxation. The generous living areas are perfect for hosting gatherings or enjoying cozy family nights. From the covered patio, take in the view of the sparkling diving pool & spa - an ideal setting for entertaining throughout the seasons. Whether you choose to renovate the existing home, expand it, or build your custom dream residence, this property provides endless possibilities. Its peaceful setting coupled w abundant amenities makes it a unique find. Don't miss the chance to seize this rare opportunity to own a piece of Southlake's serene landscape where you can enjoy the perfect blend of privacy, nature & community all while being conveniently located close to Southlake Town Square, Keller Town Center & 15 minutes from DFW Airport w Southlake Carroll ISD Open Enrollment & Keller ISD schools.