Remarkable investment opportunity located near the corner of River Oaks Drive and Wood Forest Road in Kingsland with Lake LBJ access. Property has been fully engineered and LCRA approved for a 56 lot residential development to meet the demand for new housing in Kingsland. The nearly 13 acre tract has paved road frontage on River Oaks Drive, Wood Forest Road, and Le Mesa Road, and has boat ramp/Lake LBJ access though 2 tracts across River Oaks Drive. The plat for the "Wood Shores" development has not been recorded yet, so a buyer has the opportunity to modify the design if desired. The property itself is deed restricted to single family homes with a minimum square footage of 1000 square feet, and has all utilities available including Kingsland Water, KMUD Sewer, CTEC Electric, and high speed internet. The property will transfer with all engineered development plans as well as new culverts located on the property, sized to complete the development. Located completely out of the 100 year floodplain, this gorgeous tract slopes gently from rear to front, making for easy water management. Not interested in developing? This would be a great long term buy and hold, as the property is currently ag exempt!
MLS# | HLM166478 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 471 |
Listing Provided By | Landmasters Highland Lakes | Andy Virdell |
Acreage | 12.98 |
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State | TX |
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County | Llano |
City | Kingsland |
Zip Code | 78639 |
Area | Kingsland Area |
School District | Llano |
Listing VS Median (in 78639) | |
Price: $995,000 low | high Med: $622,500 On Site: 471 low | high Med: 516.500000 |