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Exactly 0.459 acres.
It depends on how the quarter section gets subdivided by the developer. Lot size in the US can be as small as one quarter of an acre, or as large as 10 acres. Since a quarter section is 160 acres (assuming there are no correction lines nearby), there are somewhere between 16 and 640 lots in it.
50
31,000,000 acres.
128 acres