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2400 Cherry Lane, Kingsland, TX 78639
$18,600,000
2400 Cherry Lane, Kingsland, TX 78639View this property at 2400 Cherry Lane, Kingsland, TX 78639
2400 Cherry LaneKingslandTX78639
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Property Description
Incredible investment opportunity on the constant level Lake LBJ in the Austin Hill Country. There is a 50% Ownership Option for $9.3M or 100% Ownership Option for $18.6M, both below current market value. This amazing opp is perfect as a high demand EVENT VENUE for weddings, wedding receptions, corp retreats, family reunions, family & friend's getaway as well as an income producing vac rental opportunity. This gated 4.3+/- acres consists of 10 newly constructed modern farmhouse single family homes ranging from 2932 to 3429 sqft with 4 & 5 bedrooms, prof 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 incl 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 t.v., 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 skii'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. The Cove at LBJ is also minutes from worldclass golfing.
Full Property Details
Full Property Details for 2400 Cherry Ln
General
- Price: $18,600,000
- Status: Active
- Type: Commercial
- MLS ID: 167469
- Updated: 4/26/2024
- Added to Site: 69 day(s) ago
Business
- Business Type: Investment
Interior
- Flooring: Hardwood/Parquet
Location
- Area: Kingsland Area
- County: Llano
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: MUD
Structural Information
- Construction: Other
- Stories/Levels: 2
- Year Built: 2022
Lot Features
- Lot Size (Acres): 4.31
Water Features
- Water Front Type: Lake
- Water Front View: Lake LBJ
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Legal Description: FRED WOOD UNIT 5; LOTS 61-70
- Property ID: 16635
Listed by Keller Williams - Lake Travis, Lesli Akers
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Schools
Schools serving 2400 Cherry Ln
School District:Llano Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
2509 S State Highway 16, Llano, TX 78643 | 9-12 | 14.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2400 Cherry Ln
Date
Details
Price
Change
Source
2/18/2024
Listed
$18,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2400 Cherry Ln
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,897
-12%
$1,061,100
—
2022
$17,998
185%
$1,061,100
143%
2020
$6,314
—
$436,230
6%
2020
$6,314
9%
$412,650
15%
2019
$5,797
25%
$357,570
6%
2018
$4,621
—
$337,230
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2400 Cherry Ln
2400 Cherry Lane, Kingsland, TX 78639 (MLS# 167469) is a Commercial property. 2400 Cherry Lane is currently listed for $18,600,000 and was received on February 18, 2024. Want to learn more about 2400 Cherry Lane? Do you have questions about finding other Commercial real estate for sale in Kingsland? You can browse all Kingsland real estate or contact a Coldwell Banker agent to request more information.