Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Elevated Homesite in Gated Community Title is generated by Realmo AI

    328 Cedar Mountain Dr, Marble Falls, TX 78654

    View on Map
    Claim this Listing
    For Sale
    $199,000

    LAND - Marble Falls, TX

    Lot size:
    3.00 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    87
    Last Refresh:
    May 24 at 2:06 am

    Property Features for 328 Cedar Mountain Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    083184
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Description
    SUMMIT SPRINGS RANCH , LOT 189 , ACRES 3.

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Sheila White

    Listing agent Sheila White License #0798955

    Listing office Compass RE Texas, LLC 2500 Bee Caves Road Building 3, Suite 200, Austin, TX

    Listing date Feb 26, 2026

    MLS# 176671 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

    • Elevated 3‑acre homesite with long‑range views in a gated community.
    • No timeline to build, offering flexibility for future construction.
    • Ag exemption and low 1.34% tax rate.
    • Located in Summit Springs, a well‑established acreage community with custom homes.
    • Mature trees, wet‑weather creek, and natural wildlife trails create a scenic setting.
    • Conveniently located minutes from Marble Falls shopping, dining, and amenities.

    Overview

    This 3-acre homesite is located in the gated acreage community of Summit Springs. The elevated lot offers views and privacy, with no required build timeline. Situated on one of the highest-elevation lots on Cedar Mountain Drive, the property features mature trees and a wet-weather creek along the back, as well as natural wildlife trails. Summit Springs is an approximately 850-acre community known for its topography and custom-built homes. The property benefits from an Ag exemption and a 1.34% tax rate. The neighborhood offers a sense of community, with many homes already completed. Wildlife enthusiasts may observe Blackbuck Antelope and Arabian Oryx. Utilities include Corix water and PEC electric. The property allows flexibility to build on your timeline. The property is located minutes from Marble Falls shopping, dining, and everyday amenities, with access to nearby Hill Country attractions. The property is suitable for building a custom home or a barndominium for weekend getaways. The property is located in Blanco County, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Marble Falls
    County
    Llano
    State
    Texas
    Longitude
    -98.2219
    Latitude
    30.5925

    Nearby Similar for Sale

    • $1,550,000
      4,342 SF

      Functional Building on Highway 281

      Versatile commercial building in Marble Falls with high visibility.
      2300 N US Highway 281, Marble Falls, TX 78654
      View Details
    • $1,550,000

      Professional Building on Highway 281

      Versatile commercial building in Marble Falls with high visibility.
      2300 N US Highway 281, Marble Falls, TX 78654
      View Details
    • $375,000
      2,804 SF

      Marble Falls Duplex Investment Opportunity

      Two-story duplex in Marble Falls, Texas, near lakes and amenities.
      1502 N Claremont Circle, Marble Falls, TX 78654
      View Details
    • $1,750,000
      8,658 SF

      Marble Falls Multi-Unit Investment Property

      Ten-unit multifamily property in Marble Falls with immediate income.
      1701-1803 Johnson Street, Marble Falls, TX 78654
      View Details
    • $1,500,000

      Prime Commercial Land in Marble

      High-visibility commercial tract in a rapidly growing Texas market.
      Gateway Central, Marble Falls, TX 78654
      View Details
    • $160,000

      Downtown Marble Falls Development Opportunity

      Prime lot near Main Street with residential/commercial potential.
      5th Street lot: 7-A, Marble Falls, TX 78654
      View Details
    • $349,000

      6.3 AC Estate Lot

      Rare estate lot in Marble Falls with paved road frontage.
      3809 Mormon Mill Rd, Marble Falls, TX 78654
      View Details
    • $369,999
      2,254 SF

      Income Producing Duplex in Marble Falls

      Income-producing duplex with garages, well-maintained in Marble Falls, TX.
      704 CLAREMONT Parkway, Marble Falls, TX 78654
      View Details
    • $1,500,000

      Prime Commercial Land, Marble Falls

      High-visibility commercial land with highway frontage in thriving Marble Falls.
      Steve Hawkins Parkway, Marble Falls, TX 78654
      View Details
    • $5,250,000
      22,217 SF

      Marble Falls Redevelopment Opportunity

      10.28-acre commercial property in Marble Falls, Texas.
      501 12th Street, Marble Falls, TX 78654
      View Details
    • $299,000

      Prime Land in Marble Falls

      0.87 acre property with development potential in Marble Falls.
      711-1 Avenue N, Marble Falls, TX 78654
      View Details
    • $259,000

      Prime Land in Marble Falls

      1.2-acre commercial land with development potential in Marble Falls, TX.
      711-3 Avenue N, Marble Falls, TX 78654
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3-acre homesite with views, privacy, and no build timeline.
    Where is this residential land & home lot located?
    The property is located at 328 Cedar Mountain Dr Marble Falls, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Elevated 3‑acre homesite with **long‑range views** in a gated community.; No timeline to build, offering flexibility for future construction.; Ag exemption and low 1.34% tax rate.
    (512) 633-1200
    We can help!
    Listing Contact
    Sheila White
    Real Estate License ID: 0798955
    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
    328 Cedar Mountain Dr, Marble Falls, TX 78654
    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!