Active
2400 Cherry Lane
Kingsland TX, 78639
$18,600,000
Active
Commercial
Built in 2022
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.
167469
MLSⓇ ID
February 18, 2024
Listed
May 9, 2024
Updated
Map
2400 Cherry Lane
Kingsland TX, 78639
Interior Features
Total Stories
2
Floor Description
Hardwood/Parquet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
4.31 Acres
Sewer
MUD
Other Property Details
Area Name
Kingsland Area
Garage
No
View
No
County
Llano
Pool
No
Waterfront
Yes
Buyer Agency Compensation
2.5%
Courtesy of Keller Williams - Lake Travis
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