Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    238 Sandy Mountain Drive lot 440 Sunrise Beach, TX 78639

    View on Map
    For Sale
    $39,900

    LAND - Sunrise Beach, TX

    Lot size:
    0.20 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    35
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 238 Sandy Mountain Drive lot 440

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    71534
    Lot size
    0.20 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    SUNRISE BEACH UNIT 3 LT 440
    TaxAnnualAmount
    197

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Mary Elwell
    Mary Elwell

    Listing agent Mary Elwell License #0679609

    Listing office The Damron Group REALTORS 406 Harvey Steet, San Marcos, TX

    Listing date Feb 25, 2026

    MLS# 605567

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleared Lot Near Waterfront Park

    This 0.197-acre lot is located in Sunrise Beach, Texas, and has been recently cleared and mulched. Situated across from the water and a short drive from McNair Park, the level lot is ready for development. The property is fenced at the back for added privacy and borders a larger acreage. With water and electric utilities available, this lot requires a septic system. The property is located in an area with new construction and is suitable for an investment home, second home, or primary residence. A portion of the property at the back is within a 500-year protected floodplain.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Hotel & Motel Bar & Pub Kitchen & Bath Showroom Department Store Grocery & Convenience Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise Beach
    County
    Llano
    State
    Texas
    Longitude
    -98.4241211
    Latitude
    30.5817107

    Nearby Similar for Sale

    • $399,000
      3,291 SF

      Sunrise Beach Office Center

      Commercial office center with multiple suites for sale in Texas.
      3938 RR 2233, Sunrise Beach, TX 78643
      View Details
    • $449,000

      Lake LBJ Waterfront Lot

      Waterfront lot on Lake LBJ with direct lake access.
      863 Sandy Mountain Dr, Sunrise Beach, TX 78643
      View Details
    • $42,900

      Sunrise Beach Lake View Lot

      Heavily wooded lot near Lake LBJ in Sunrise Beach.
      418 Sandy Mountain Drive, Sunrise Beach, TX 78643
      View Details
    • $358,000

      Sunrise Beach Village Estate Property

      5+ acre estate in Sunrise Beach Village with lake access.
      TBD - Lot 3 Sandy Mountain Dr, Sunrise Beach, TX 78643
      View Details
    • $159,000

      Sunrise Beach Land Opportunity

      1.9 acres in Lake LBJ community with Hill Country views.
      380 Sandy Mountain Dr, Sunrise Beach, TX 78643
      View Details
    • $310,000

      Sunrise Beach Land with Utilities

      5.63 acres near Lake LBJ with utilities and trees.
      Tract 1 -- Ranch Rd 2233, Sunrise Beach, TX 78643
      View Details
    • $1,050

      Remodeled Lakefront Apartment in Sunrise Beach

      Updated 2-bedroom apartment with lake views and modern amenities.
      705 Sunrise Avenue, Sunrise Beach, TX 78643
      View Details
    • $310,000

      5.63 Acres Near Lake LBJ

      Land with trees, creek, utilities near Sunrise Beach, TX.
      FM 2233, Sunrise Beach, TX 78643
      View Details
    • $299,500

      Sunrise Beach Horse-Friendly Land

      7 acres in Texas Hill Country, ready for dream home.
      884 Sandy Mountain Drive, Sunrise Beach, TX 78643
      View Details
    • $189,000

      Land in Sunrise Beach, TX

      2.5-acre lot in Lake LBJ community, ideal for custom retreat.
      374 Sandy Mountain Dr., Sunrise Beach, TX 78643
      View Details
    • $599
      285 SF

      Remodeled Waterfront Studio in Sunrise Beach

      Newly remodeled 285-square-foot waterfront studio with kitchenette.
      705 Sunrise Avenue, Sunrise Beach, TX 78643
      View Details
    • $499,000

      Waterfront Lot on Lake LBJ

      Waterfront lot in Sunrise Beach Village on Lake LBJ.
      101 Princess Terrace, Sunrise Beach, TX 78643
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared lot in Sunrise Beach, near waterfront park.
    Where is this residential land & home lot located?
    The property is located at 238 Sandy Mountain Drive lot 440 Sunrise Beach, TX.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Owner financing available with low down payment of $4,900 and monthly payments of $462.53; Cleared and mulched lot, ready for your dream build; Located in Sunrise Beach, right across from the water
    (512) 757-4167
    We can help!
    Listing Contact
    Mary Elwell
    Mary Elwell
    Real Estate License ID: 0679609
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!