Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Near Lake Buchanan Title is generated by Realmo AI

    TBD Lot 23 Sunset Cliff Road, Burnet, TX 78611

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Burnet, TX

    Lot size:
    0.02 Acres
    Added:
    Apr 18, 2024
    Days on Market:
    775
    Last Refresh:
    Jun 1 at 9:06 am

    Property Features for TBD Lot 23 Sunset Cliff Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    011316
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Description
    S3900 COUNCIL CREEK SOUTH LOT 23 BLK 2

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Joe Hilton

    Listing agent Joe Hilton License #0416848

    Listing office Jesse James Real Estate 18036 E Hwy 29, Llano, TX

    Listing date Apr 18, 2024

    MLS# 169247 Listing URL

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lake Buchanan Access via Homeowners Park
    • Access to POA Parks with Swimming
    • Fishing Dock Access for anglers
    • Private Boat Ramp Access
    • Located in Council Creek South
    • Large Trees on Lot

    Overview

    Located in Council Creek South at Lake Buchanan, this residential land offers access to a homeowner's park with water access. The POA parks feature swimming, a fishing dock, and a private boat ramp. The lot has deep slopes and large trees. It is approximately 30 ft x 30 ft. While the POA membership and the $50 fee are optional, membership is encouraged. A mandatory $150 maintenance fee is adjusted every five years for inflation as described in the CC&Rs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Hotel & Motel Bar & Pub Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burnet
    County
    Burnet
    State
    Texas
    Longitude
    -98.3547892
    Latitude
    30.8242349

    Nearby Similar for Sale

    • $279,800
      1,380 SF

      Burnet Commercial Property For Sale

      Prime commercial property near Burnet County Historical Square.
      308 S Main Street, Burnet, TX 78611
      View Details
    • $719,000
      3,202 SF

      Burnet Duplex with Spacious Residences

      Two 1,601-square-foot residences in Burnet, Texas.
      1010 E Marble Street, Burnet, TX 78611
      View Details
    • $385,000
      4,000 SF

      Turnkey Commercial Space in Burnet

      Versatile commercial space ideal for contractors and service-based businesses.
      201 W NINTH, Burnet, TX 78611
      View Details
    • $595,000
      2,400 SF

      Burnet Commercial Building on Corner

      High-visibility commercial building on corner lot near town square.
      109 W Jackson, Burnet, TX 78611
      View Details
    • $1,300,000
      1,243 SF

      Prime Commercial Land Opportunity

      2.3 acres on Highway 281, Burnet, TX.
      3100 & 3210 S HWY 281, Burnet, TX 78611
      View Details
    • $485,000

      Unrestricted Land with Lake Views

      Secluded 8-acre property near Lake Buchanan with commercial potential.
      Ranch Road 2341, Burnet, TX 78611
      View Details
    • $1,300,000

      Prime Commercial Land on Highway

      2.3 acres on Highway 281, Burnet, TX. Commercial zoning.
      3100 & 3210 S HWY 281, Burnet, TX 78611
      View Details
    • $450,000
      520 SF

      Burnet, TX Hill Country Land

      4-acre property with utilities, cabin, and concrete pad.
      Dog Run, Burnet, TX 78611
      View Details
    • $369,000
      1,601 SF

      Burnet Multi-Family Residence For Sale

      1,601 sqft Burnet residence with three bedrooms and 2.5 baths.
      1010 E Marble Street, Burnet, TX 78611
      View Details
    • $630,000

      Burnet, TX Land Opportunity

      24-acre property near Burnet, TX with road frontage.
      FM 2340, Burnet, TX 78611
      View Details
    • $495,800

      Burnet Office Building on Highway

      Income-producing office building with high visibility and traffic flow.
      700 E Polk St, Burnet, TX 78611
      View Details
    • $375,000

      Lake Buchanan Waterfront Land Opportunity

      1.27-acre waterfront lot with lake views in Burnet, TX.
      Peninsula Drive lot: 30, Burnet, TX 78611
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land with lake access and homeowner's park in Burnet, TX.
    Where is this residential land & home lot located?
    The property is located at TBD Lot 23 Sunset Cliff Road Burnet, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Lake Buchanan Access via Homeowners Park; Access to POA Parks with Swimming; Fishing Dock Access for anglers
    (830) 613-6102
    We can help!
    Listing Contact
    Joe Hilton
    Real Estate License ID: 0416848
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    TBD Lot 23 Sunset Cliff Road, Burnet, TX 78611-3589
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!