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. Currently the main home is operating as a successful Airbnb, the versatile floor plan provides proven income potential for those buyers interested in short-term rental opportunities. Properties offering a detached shop like this are exceptionally difficult to find in Frisco. The shop features concrete floors, two large rolling doors, a fenced yard, high ceilings with room for vehicle lifts, dedicated electrical service and abundant space for toys. Inside the main house, 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. This is one of the MOST flexible properties in Frisco and offers an unmatched location just a few blocks from downtown Frisco's Rail District.