When you are in the ziprealty page for the property, go to the satellite map and them turn on parcel boundaries. Zoom down a little bit and you will see two large parcels, one rectangular and one triangular. These are the only two 5 acre parcels within that road area. I assume that the property is one of these two.
If you look at the birds eye view, you can see the huge slopes and drainage channels in both properties. I looked at the GIS maps for the area and could not find any access. Also, the only “buildable” area in the rectangular parcel is only accessible by getting a small driveway through this one house on Dakota Drive and it does not look like there is enough space to make the driveway fit.
If I were the owner of this property (assuming I could not find a complete sucker who dreams of building a house on it), I would sell it to a developer for the developer to do mitigation credits on it. Either parcel, the rectangular or the trangular, look awful. Even if you were able to build on it, you would probably be advised to make most of it open space anyways.
$195k might seem like a steal, but to make a house on it will cost you probably in the area of about $1million. And no I am not overestimating it.