$1860000.00 Per Sq Foot $99,849 est/mo Sourced by Back At You

2400 Cherry Ln,Kingsland, TX 78639

Kingsland TX, 78639

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Description

Incredible investment opportunity on the constant level Lake LBJ in the Austin Hill Country. NOTE: 50% OWNERSHIP OPTION $9.3M or 100% Ownership Option for $18.6M, both below current market value. Turn Key Operation- management of rentals/reservations/ marketing A conservative rental analysis is available upon request. This amazing opportunity is perfect as a high demand EVENT VENUE for weddings, wedding receptions, corporate retreats, family reunions, family & friend’s getaway as well as an income producing vacation rental opportunity. This gated 4+ acres consists of 10 newly constructed modern farmhouse single family homes ranging from 2932 to 3429 SqFt with 4 & 5 bedrooms, 3.5 bathrooms, professionally designed & furnished (4 of the 10 furnished & the remaining 6 can be) & sleep 12-15 people per residence. The houses each boast the finest in materials including hardwood floors, quartz counter tops in the large kitchens & bathrooms, custom finishes, King size beds in bedrooms & one bedroom as an over-the-top bunk room, laundry rooms upstairs as well as downstairs a private splash pool in each fenced private yard. The community features a regulation pickle ball court, also with use as a basketball court, a covered pavilion with grills, flat screen tv, dining areas, lounging areas as well as uncovered lounge areas, all under the towering oak shade trees & overlooking the lake. The highlights of course are the 8 boat slips & a slip for jet ski’s & easy access for kayaking & stand-up paddleboards. Tucked in a cove right off open water makes this a highly desirable & user-friendly watersports haven. There is also a convenient onsite parking lot for visitors parking as well as extra parking. The Cove at LBJ is also minutes from worldclass golfing. Enjoy wine tasting in the Hill Country, shopping, casual or fine dining or all-day enjoyment on the lake & in your private home. Call for your private tour & for analytics.

Details

MLS#9335569
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site134
Listing Provided ByKeller Williams - Lake Travis | Lesli Akers
Buying Commision2.500%

Features

SQ Feet10
Building(s)10
Acreage4.31
Water FrontYes

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of June 13, 2024 at 10:28:22 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Listings Checked: 26 minutes ago
StateTX
CountyLlano
CityKingsland
Zip Code78639
AreaLL
Community NameFred Wood
Listing VS Median (in Fred Wood)
Price:
$18,600,000
low | high
Med:
$1,795,000
100% of Average
SqFt:
10
low | high
Med:
3,423
100% of Average
$ / SqFt:
$1,860,000
low | high
Med:
$524
100% of Average
On Site:
134
low | high
Med:
1.000000
100% of Average
Sourced by Back At You
Listing Updated: June 4, 2024 at 7:51:36 PM PDT