Southlake City Council approved the development of a new single-family residential subdivision to be named Rainey Court.

The council voted unanimously to approve a zoning change for the land from an agricultural district to a single-family district at a May 3 meeting.

The property spans just under 5 acres and will contain four residential lots, each averaging around 43,500 square feet, according to city documents.

The price point for the homes in the development is about $3 million, though the size of the homes themselves has not yet been decided, according to documents. The houses will be built by developer Hawkins-Welwood Homes.

Rainey Court will be located south of Bob Jones Road and west of North White Chapel Boulevard, according to city documents. Sidewalks will be constructed along both of the roads within the development.