Looking at buying an acre near Haslet, Tx

[Steve S.]

They have acres for sale for $80,000.  Haslet is north of Ft Worth about 15 miles and just east of I-35W.

I've never bought land before.  This land comes with an obligation to build in the next 5 years with a single builder (who is selling the land) and the house must be at least 2,400 sq ft. 

There's also options to have minimal livestock on the land.  No horses, but there are other options / stipulations.

My thought is the DFW area is booming and will continue to do so as people flee the oppressive governments of other states until there's no where to flee.   This is driving significant growth to the Texas population and DFW has maintained a strong labor market as a result.

Is there anyone out there with more insight than I have as to whether or not this would be a good place to park $80,000?  5 years is both a long time and not a long time but I don't know how to value this opportunity.

Thoughts?