Perimeter or border of a parcel of land;
the dividing line between one property and
another.

Merriam-Webster Online Dictionary
boundary (noun)
something that indicates or fixes a limit or extent
Merriam-Webster Online Thesaurus
boundary (noun)
1.
a real or imaginary point beyond which a person or thing cannot go
SYNONYMS:
bound, boundary, cap, ceiling, confines, end, extent, limitation, line, termination
RELATED WORDS:
extremity, fag end, terminus; border, brim, edge, margin, rim, verge; outside; bar, barrier, fence, hedge, restraint, stop, wall
boundary (noun)
2.
the line or relatively narrow space that marks the outer limit of something
SYNONYMS:
borderline, bound, boundary, brim, circumference, compass, confines, edge, edging, end, frame, fringe, hem, margin, perimeter, periphery, rim, skirt, skirting, verge
RELATED WORDS:
ambit; brink, crest, curb, cusp, lip; ceiling, maximum; demarcation, extent, limitation, measure, mere, restriction, termination; borderland, frontier, march, outskirts, pale, selvage; lap; shore
NEAR ANTONYMS:
center, core, heart; inner, inside, interior, middle, within
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