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State Highway 71 - Horseshoe Bay, TX Development Opportunity
20 Acres of Commercial Land Offered at $7,796,085 CAD in Horseshoe Bay, TX 78657
Investment Highlights
- Hard corner intersection that serves as the gateway into Horseshoe Bay, TX
- Located within Horseshoe Bay city limits
- Blank slate with existing utilities in place
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $7,796,085 CAD | Lot Size | 20.00 AC |
| Price Per AC | $389,804 CAD |
| Price | $7,796,085 CAD |
| Price Per AC | $389,804 CAD |
| Lot Size | 20.00 AC |
Three separate tracts totaling approximately +/-20 acres (1) 10.058 acres zoned A-1 (2) 6.390 acres zoned R-1 (3) 4.2 acres zoned C-2
Description
ABOUT THE PROPERTY: -- Located within Horseshoe Bay city limits -- Hard NW corner of a 3-way intersection with traffic lights -- Utilities include Horseshoe Bay city water, sewer, and PEC electric -- There are no building improvements on the property, offering a blank slate for desired intended use Three separate tracts totaling approximately +/-20 acres (1) 10.058 acres zoned A-1 • Approximately +/-945 feet of Highway 71 frontage (2) 6.390 acres zoned R-1 • Accessed from FM 2147 (3) 4.2 acres zoned C-2 • Approximately +/-725 feet of FM 2147 frontage LOCATION: City: Horseshoe Bay County: Llano Market: Austin Submarket: Marble Falls / Horseshoe Bay • 4 miles to main entrance of Horseshoe Bay Resort • 7 miles to Marble Falls, TX • 30 miles to Llano, TX • 54 miles to Austin, TX ABOUT THE IMMEDIATE AREA: Horseshoe Bay & Lake LBJ: -- The City of Horseshoe Bay is home to and anchored by the renowned Horseshoe Bay Resort offering world class amenities located on Lake LBJ. -- The 400 room Horseshoe Bay Resort is comprised of amenities such as, but not limited to: 4 championship golf courses, restaurants, shoreline club, spa/health club, 6,000 ft runway private airstrip, private membership, and many more. -- Horseshoe Bay Resort has been constantly expanding since the inception of its development in 1971 and has shown no signs of slowing down any time soon. -- Lake LBJ is one of the three most upstream lakes a part of the series of Highland lakes that eventually feeds into Lake Austin. -- LBJ’s body of water stays at constant level (compared to the majority of other lakes in Texas that do not) attracting thousands of lake house homeowners and vacationers throughout the year. Marble Falls: -- Horseshoe Bay’s neighboring town, Marble Falls, TX, has been on the radar of developers for the past few years due to its fast-paced growth. -- This growth is due to increase in subdivisions, influx of high-net-worth individuals, and being a considered a “middle market” located NW of Austin, TX. -- Retailers such as Academy Sports & Outdoors, TJ Maxx, and Michaels are among a few of the big tenant names that are posed to have a presence in one of the new proposed developments in Marble Falls. -- Multiple mixed use, residential, and commercial development projects are currently permitted or are being proposed at the US281 / SH71 intersection which is less than 7 miles east of the subject property’s location.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,397 CAD | |
| Land Assessment | $1,112,413 CAD | Total Assessment | $1,121,810 CAD |
PROPERTY TAXES
zoning
| Zoning Code | C-2,A-1,R-1 |
| C-2,A-1,R-1 |
Presented by
Texas Land
State Highway 71 - Horseshoe Bay, TX Development Opportunity
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