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$2,950,000

310 Castlehigh Dr, Granite Shoals, TX, 78654

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,112 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,396.78 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesElectric Range, Refrigerator
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size10,799 sqft

Building Information

Year Built1969
Garage Spaces1

Land Information

APN17785
Lot Number687,691
SubdivisionGreencastle (Sherwood Shores)
Land UseResidential
Legal DescriptionS4970 GREENCASTLE (SHERWOOD SHORES) LOT 687,691,& 693
Census Tract960502
Assessed Land Value$1,403,400
Assessed Improvement Value$384,108
Assessment Year2025

About this property

This is one of those opportunities that rarely comes to market, and when it does, it’s recognized for what it is: a true legacy property. Set on approximately 2.19 acres along the main body of Lake LBJ, this property offers an extraordinary 311 feet of waterfront—an increasingly rare combination of scale, privacy, & presence on one of the most sought-after stretches of the lake. The setting is both peaceful & expansive, w/wide open water views framed by a canopy of mature trees that provide natural beauty, shade, & a sense of seclusion that is difficult to replicate. The existing home on the property is livable & could be enjoyed as-is or updated over time. However, the true value here lies in the land itself—its size, frontage, & the flexibility it offers for the future. Whether that vision is to create a private waterfront estate, design a multi-generational family compound, or explore the potential to subdivide into multiple homesites (buyer to verify), the possibilities here are compelling. The property was originally platted as three lots, adding an additional layer of flexibility for those considering long-term use or investment. One of the property’s most unique features is its own small island just off the shoreline-an uncommon detail that gives the setting a true sense of character & place, creating an experience that feels distinctly your own. Life on this stretch of LBJ centers around the water, from quiet mornings under the trees & glassy conditions for skiing or paddling, to afternoons spent boating & gathering with family/friends. Evenings bring sweeping Hill Country sunsets across the main body of the lake. With constant water levels & unobstructed views, the property offers both beauty & usability, all within easy reach of every day conveniences. Properties with this combination of acreage, main body location & 300+ feet of frontage are exceptionally limited! This is an opportunity to secure a piece of Lake LBJ that can be enjoyed for generations.

Investor Tools

Property Icon
$2,920,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,920,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,700 /month
Positive
Cash Flow Estimate:
$5,900 /month

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Hope Teel

RE/MAX Fine Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,918/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$32,416
$1,787,508
2025
$1,403,400
$384,108
$1,787,508
No

Tax History

Year
Tax Paid
Assessed Value
2024
$32,416
$1,787,508

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,787,508
100%
0%
$0/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: Granite Shoals

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