Development Potential! Possible Lake Subdivision! Located on the south side of Richland Chambers Lake next to Hout Bay are 123.41 acres with many mature trees. There is road frontage on two sides FM 416 and CR 2300. Just off Interstate 45 between Dallas and Houston, Richland Chambers is the 3rd largest inland lake in Texas and features deep water for sailing, open water for skiers, and excellent fishing. Offering a relaxing environment with picturesque views and peaceful sunsets, it provides numerous options for retirement, vacationing, and everyday living.