Incredible opportunity in downtown Frisco! NO HOA. .42-acre corner lot with a 40x25 insulated shop with 220V power, its own electrical meter and oversized hangar doors. Properties offering a shop like this are exceptionally difficult to find in Frisco, making this a rare opportunity just blocks from the downtown Frisco Rail District. Whether you're a car collector, business owner, hobbyist, RV enthusiast or simply looking for room to spread out, this property offers unmatched flexibility and functionality. The detached shop features concrete floors, a fenced yard, high ceilings with room for vehicle lifts, dedicated electrical service and abundant space for toys. Inside, timeless character meets comfortable living with a striking floor-to-ceiling stone fireplace, abundant kitchen counter space and cabinetry, generous living spaces and exceptionally large bedrooms throughout. The expansive primary suite is a true retreat, highlighted by a dramatic wall of windows overlooking the private backyard and filling the room with natural light. Upstairs, an oversized bedroom with its own ensuite bath functions as an ideal second primary suite, offering exceptional flexibility for multigenerational living, extended guests or added privacy. Step outside to enjoy a covered patio, fire pit gathering area, mature landscaping and multiple outdoor spaces designed for entertaining or relaxing beneath towering shade trees. Currently operating as a successful Airbnb, the versatile floor plan also provides proven income potential for buyers interested in short-term rental opportunities. With abundant parking, extraordinary shop space, room for all your toys and a location just minutes from Frisco's best dining, shopping and entertainment, this is a one-of-a-kind property that offers the space, versatility and freedom today's buyers rarely find.