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$4,258,330

1600 Bluebonnet Ln, Kingsland, TX, 78639

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths756 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,832.01 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Refrigerator
FlooringCarpet

Exterior

Private PoolPrivate Pool
Lot Size36,155 sqft

Building Information

Year Built2024
Stories2
Garage Spaces5

Land Information

APN11873
Lot Number42-A
SubdivisionGranite Shoals Lake Shores
Land UseResidential
Legal DescriptionGRANITE SHOALS LAKE SHORES LT 42-A
Census Tract970501
Assessed Land Value$1,871,150
Assessed Improvement Value$2,387,180
Assessment Year2025

About this property

Rare opportunity to purchase a true Legacy property in Central Texas! Over 650 feet of prime frontage very close to Boat Town on theLlano arm of Lake LBJ. It should come as no surprise that this one has been enjoyed by the same family for many years as this unique peninsula is loaded with mature trees and provides for some of the best views and waterfront money can buy. So much opportunity and potential as this is one of the last COMMERCIALLY zoned properties on Lake LBJ making for endless possibilities. Commercial, short-term rentals, or simply the perfect spot to build your dream lake house in the Texas Hill Country. Eastern and southern orientation means afternoon shade and cool breezes year around and with both cove-protected and open waterfront, along with a sandy shoreline that is easy on the feet, you will be hard-pressed to find a better setup for Lakefront living. There is a small, livable cabin on the property that could be used as-is or lightly renovated to create a dreamy getaway on the shores of LBJ for your family to enjoy and use while you design and build your dream. Either way you cannot go wrong purchasing such a prime piece of frontage in such a desirable location.Opportunities like this are few and far between and you will not find another property like this one. Come see for yourself

Investor Tools

Property Icon
$4,258,330
Estimated Property Value
$3,140,000Estimated Mortgage Balance
$1,183,059Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$25,550 /month
Positive
Cash Flow Estimate:
$8,517 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,265/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,887
$4,258,330
2025
$1,871,150
$2,387,180
$4,258,330
No

Tax History

Year
Tax Paid
Assessed Value
2025
$17,887
$4,258,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Private Bank National Ass
Conventional
$3,140,000
No
First
Mar 26, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,075,271
$1,183,059
27%
72%
$18,826/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Kingsland

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1600 Bluebonnet Ln | Property Details | No Agent List