Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Cottonwood Shores Title is generated by Realmo AI

    836 Aspen Ln, Cottonwood Shores, TX 78657

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Cottonwood Shores, TX

    Lot size:
    0.12 Acres
    Added:
    Oct 17, 2025
    Days on Market:
    227
    Last Refresh:
    May 31 at 2:06 am

    Property Features for 836 Aspen Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    046566
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    S8750 Yellowstone Lot 56

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jacque Krenek
    Jacque Krenek

    Listing agent Jacque Krenek License #0359395

    Listing office Austin Area Properties 1515 Darden Hill Rd, Driftwood, TX

    Listing date Oct 17, 2025

    MLS# 175411 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

    • Access to both Lake Marble Falls and Lake LBJ.
    • Proximity to four parks: Aspen Park, Community Park, Noah Thompson Park, and a Skate Park.
    • Availability of public utilities (electricity, water, and sewer).
    • Near multiple boat ramps and lake access for fishing, kayaking, and canoeing.
    • Close to Horseshoe Bay resort, restaurants, and Hill Country attractions.
    • Abundance of recreational amenities including playgrounds, basketball court, picnic areas, fitness equipment, splash pad, and pavilion.

    Overview

    This 0.12-acre land parcel is located in Cottonwood Shores, Texas, known as the City of Two Lakes, positioned between Lake Marble Falls and Lake LBJ. The property is suitable for building a custom home. The location is near Aspen Park, Community Park, Noah Thompson Park, and a Skate Park. Multiple boat ramps, playgrounds, basketball courts, picnic areas, fitness equipment, a splash pad, a pavilion, and lake access are available for fishing, kayaking, and canoeing. The property is minutes from Horseshoe Bay resort, restaurants, and other Hill Country attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Big Box & Wholesale Store Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Department Store Kitchen & Bath Showroom Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cottonwood Shores
    County
    Llano
    State
    Texas
    Longitude
    -98.325137
    Latitude
    30.560886

    Nearby Similar for Sale

    • $495,000

      Office Building with Multiple Units

      Versatile office building with amenities and outdoor space for sale.
      4332 Oak Park Dr, Cottonwood Shores, TX, 78657-2212
      View Details
    • $3,500,000

      Waterfront Land in Cottonwood Shores

      Two combined lots with open water access and potential subdivision.
      5012 W FM 2147, Cottonwood Shores, TX 78657
      View Details
    • $200,000

      Cottonwood Shores Land for Sale

      0.92 acres in Cottonwood Shores with owner financing.
      735 Birch (Lots Street To Street) Lane, Cottonwood Shores, TX 78657
      View Details
    • $32,500

      Cottonwood Shores Buildable Lot

      Buildable lot with lake access in Cottonwood Shores, Texas.
      Cypress Lane lot: 260, Cottonwood Shores, TX 78657
      View Details
    • $55,000

      Corner Lots in Cottonwood Shores

      Prime corner lots near Marble Falls and Horseshoe Bay.
      Birch Lane, Cottonwood Shores, TX 78657
      View Details
    • $24,950

      Land for Sale

      Land available in Cottonwood Shores, Texas.
      000 Dogwood LN, Cottonwood Shores, TX 78657
      View Details
    • $30,000

      Land in Cottonwood Shores, TX

      Beautiful lot with mature trees near two lakes.
      Pecan Lane lot: 27, Cottonwood Shores, TX 78657
      View Details
    • $25,000

      Vacant Lot in Cottonwood Shores

      Vacant lot for future build or investment in Texas.
      Knights Row lot: -39, Cottonwood Shores, TX 78657
      View Details
    • $35,000

      Residential Lot in Cottonwood Shores

      0.11-acre lot in lakeside community with access to amenities.
      Driftwood Lane, Cottonwood Shores, TX 78657
      View Details
    • $25,000

      Cottonwood Shores Multi-Lot Opportunity

      Available lots in Cottonwood Shores near Lake Marble Falls and LBJ.
      735 Birch LN, Cottonwood Shores, TX 78657
      View Details
    • $25,000

      Cottonwood Shores Multi-Lot Opportunity

      Two adjacent lots in Cottonwood Shores, near Lake Marble Falls.
      732 Aspen LN, Cottonwood Shores, TX 78657
      View Details
    • $75,000

      Residential Land Near Lake LBJ

      Two lots near Lake LBJ with potential for dream home.
      Fir Lane lot: 458 & 459, Cottonwood Shores, TX 78657
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land near parks, lakes, and Hill Country attractions.
    Where is this residential land & home lot located?
    The property is located at 836 Aspen Ln Cottonwood Shores, 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: Access to both Lake Marble Falls and Lake LBJ.; Proximity to four parks: Aspen Park, Community Park, Noah Thompson Park, and a Skate Park.; Availability of public utilities (electricity, water, and sewer).
    (512) 913-6850
    We can help!
    Listing Contact
    Jacque Krenek
    Jacque Krenek
    Real Estate License ID: 0359395
    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
    836 Aspen Ln, Cottonwood Shores, TX 78657
    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!