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$597,000

401 Island Lodges Dr, Buchanan Dam, TX, 78609

$776,100 ARVInfo
Off MarketInfo
Baths2 Bath
Baths1,876 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size21,780 sqft

Building Information

Stories1
Roof Type112
Garage Spaces2

Land Information

APN18149
SubdivisionJ L Henne Abstract #326
Land UseResidential
Legal DescriptionJ L HENNE ABST #326 0.500 AC
Census Tract970600
Assessed Land Value$13,940
Assessed Improvement Value$138,570
Assessment Year2025

About this property

401 Island Lodges Lot 41 – Gorgeous Shaded Lot by Lake Buchanan! Nestled under a canopy of mature live oaks, this lot offers a rare park-like setting in the quiet Island Lodges subdivision. The abundant shade and natural beauty create a serene atmosphere, making it one of the most attractive lots in the neighborhood. With paved road frontage and a peaceful location, the property provides easy access to Lake Buchanan just down the street. The surrounding Highland Lakes area is known for its rolling Hill Country views, wide-open skies, and relaxed lake lifestyle. Located just minutes from Burnet and Llano, you’ll be close to small-town conveniences along with Hill Country favorites including wineries, state parks, and scenic drives. Lot 41 stands out as a beautiful tree-covered property in an established lakeside community, offering a special opportunity to own land in one of the most scenic areas of the Highland Lakes.

Investor Tools

Property Icon
$597,000
Estimated Property Value
$0Estimated Mortgage Balance
$597,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$122,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,582 /month
Positive
Cash Flow Estimate:
$1,194 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$342
$152,510
2025
$13,940
$138,570
$152,510
No

Tax History

Year
Tax Paid
Assessed Value
2025
$342
$152,510

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$404,000
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.

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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: Buchanan Dam

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