$18,500,000

Once in a lifetime opportunity to purchase a very large, ~364-acre, contiguous, development tract of land inside the unincorporated city of Kingsland, TX. This tract has the potential to connect to Lake LBJ via a channel. The tract is surrounded by housing and housing infrastructure. The Lighthouse Country Club golf course is close by. The Llano River arm of Lake LBJ is within easy walking distance. There is a private airstrip just on the west side of the property. This tract is currently a blank slate as far as development. Highest and best use will require some imagination and design work, but the possibilities are endless. The property has a fertile sandy loam soil and is currently covered by native vegetation which includes many large oak trees as well as native elm, cedar and mesquite trees. The property is currently leased for grazing and is under a 1-d-1 Ag valuation which keeps the taxes very low. Kingsland is unincorporated and is a census designated place (CDP) with a population over 7,000. As per the Kingsland/Lake LBJ Chamber of Commerce, Kingsland is nestled between the beautiful waters of the Llano and Colorado Rivers, and on the banks of Lake LBJ. The Highland Lakes area attracts many vacationers as well as second home owners. The property is relatively flat and is accessible at four different locations, with the main entrance on the south side from Hermosa Street. Location: Walking distance to Lake LBJ, 3 ½ miles to downtown Kingsland, 16 miles to Marble Falls, 18 miles to Horseshoe Bay, 18 miles to Llano, 65 miles to downtown Austin.