Just when you think Dallas is developed to the gills, someone pulls up with 31.92 acres in Oak Cliff.

The parcel, which has been on the market for about three months at $1.2 million, is on West Jefferson just past Cockrell Hill Road, not far from Santa Clara of Assisi Catholic Church.

It is the site where La Reunion TX, the nonprofit developer of the Flora Lofts high-rise in Downtown, once envisioned building an artist-in-residency compound.

The property includes one structure, an abandoned house, two ponds and a creek. It is also in the same area as a piece of City-owned property containing a remnant of an Interurban Rail trestle that is set to become a Dallas historic landmark. Plus, it’s right on the planned $6-million Chalk Hill Trail.

“Most of it has never been built on,” says listing agent Julie Allen-Lindsey. “There are wonderful possibilities. It’s sitting up high, and you could do anything you wanted with it, really.”

The property is just across Jefferson from the uber elite invitation only Dallas National Golf Club, where members from all over the country are rumored to pay upwards of $160,000 to join. Zoned commercial, Allen-Lindsey thinks building luxury condos aimed at club members would be a good idea.

The current owners, a family who lives in the Dells District, have held it for several years, she says.