Discover a rare opportunity to own 40 beautiful acres just outside the historic town of McGregor, Texas. Whether you're looking for a working ranch, horse property, hobby farm, recreational retreat, or investment opportunity, this property offers incredible potential. Located outside the city limits with an existing Ag exemption, this prime location is just 2 miles from downtown McGregor, offers a convenient commute to SpaceX, and is approximately 15 minutes to Waco and 25 minutes to Temple, providing the perfect balance of country living with easy access to major employers, shopping, and entertainment. The fenced and cross-fenced acreage is currently home to cattle, horses, and pigs, making it ideal for livestock, hay production, farming, or other agricultural uses. A large pole barn provides excellent space for equipment, feed, or livestock. With continued growth throughout Central Texas, this property also offers outstanding development potential. The all-brick ranch home features 3 bedrooms and 2 bathrooms. The inviting living room showcases beamed ceilings, built-in bookcases, and a floor-to-ceiling brick wood-burning fireplace. The kitchen includes abundant cabinetry, a built-in oven, cooktop with vent hood, double sink, and a peninsula for additional prep space. Large dining room windows overlook the surrounding acreage. The private primary suite includes an en suite bath, while two additional bedrooms share a full bathroom. A spacious enclosed patio (not climate controlled) offers flexible space for a sunroom, game room, hobby room, or entertaining. Opportunities to own acreage with this location, agricultural value, and development potential are becoming increasingly rare. Whether you're looking to establish a ranch, raise livestock, invest in Central Texas growth, or simply enjoy country living, this property is ready for its next chapter.