Discover this well-maintained, one-owner gem, lovingly cared for by the same family since its original construction in 1966. Nestled on an expansive 14,500 sq ft double lot with mature shade trees, this property offers incredible versatility and future potential. Surrounded by several new custom homes, this peaceful pocket is just 3 blocks from the vibrant Downtown Frisco Rail District – steps from shops, patio dining, entertainment, and the area's ongoing revitalization. No HOA means freedom to customize and enjoy whether remodeling the existing structure, connecting features, or building new. This is a unique opportunity in fast-growing Frisco: generous lot size, income potential, historic charm, and prime proximity without restrictions. The standout feature is the renovated self-contained guest apartment w kitchen, living, laundry and bedroom complete with its own entrance and covered patio, which has proven highly profitable as an Airbnb. Ideal for multigenerational living, rental income, or in-law suite – a true rarity in Frisco! Step inside the main home to find timeless hardwood floors, generously sized bedrooms, and classic character throughout. Additional highlights include a spacious existing oversized garage and a separate detached workshop with electricity – perfect for hobbies, projects, tools, or extra utility space. The driveway has entrances from the north and south sides of the lot allowing additional versatility. The current zoning of SF7 means the property could potentially be split into two buildable lots pending city approval. Don't miss this rare find and schedule your showing today!