$1.8M 10 Lake Front Lot Package $600K below Appraised Value

[Kale Stephens]

Property is offered by Greg Weber Realtors in Austin, TX.  I am listing this one for my uncle who is a developer and recently found out he has cancer and needs to get out from under this project. Each lot has one or more 20' covered boat slips with 4x8 locking storage units.  The idea was to build lakefront condos or townhomes.  Other ideas have been RV spaces (comps suggest $1800+ per month per space).  This is a unique opportunity because it is located on Lake LBJ which is a constant level lake and will not dry up during droughts.  Home sites are above the flood plane and sellers may be willing to hold a portion of the note depending on the terms.  The project is located in Kingsland, TX.  It is only about 5 minuets from hospitals, grocery story and restaurants, 30min from golf courses, and a little over an hour from north and south Austin. Please call or txt if interested. I have appraisals in hand along with photos and plat map.

 Thanks,

 Kale Stephens 512-550-3624