In this case undeveloped. We Also have a lot of preserved land around us, but it is not ubiquitous.
Even then, preserved land can be tricky. A lot of State-preserved farms and lands were recently threatened by a project that was seeking Federal eminent domain rights. Federal ED would have wiped out the State level conservation.
Fortunately we were able to persuade the developer to give up (over the course of 7 or so year fight).