Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Feathergrass Horseshoe Bay, TX 78657

    Sponsored
    For Sale
    $575,000

    Lots (Up to 9.9 Acres) - Horseshoe Bay, TX

    Lot size:
    0.65 Acres
    Days on Market:
    83
    Last Refresh:
    Jan 19 at 9:06 pm

    Property Features for Feathergrass

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    064243
    Exterior features
    Fencing
    Fencing
    Fenced
    Lot size
    0.65 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kate Slaughter

    Douglas Elliman Real Estate (832) 320-2017 [email protected]

    Listing agent Kate Slaughter (281) 652-5588 License #0589713

    Listing date Oct 29, 2025

    MLS# 173599 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.

    Learn more

    Property Insight Report

    Overview

    Summit Rock Lot with Lake Views

    Located at the end of the Feathergrass cul-de-sac in Summit Rock, Horseshoe Bay, this 0.65-acre lot presents an opportunity to build a custom property. The flat terrain facilitates construction and landscaping, while also optimizing views of Lake LBJ and the Texas Hill Country. A Horseshoe Bay Resort Links Membership is included with the lot. Horseshoe Bay offers a vibrant community and recreational opportunities. The area features three golf courses and provides access to Lake LBJ for boating, fishing, and swimming. Hiking and biking trails are available, and local boutiques and eateries can be found throughout the West Texas Hill Country. This lot offers the potential to create a custom home with views of the lake and hill country within Summit Rock.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Horseshoe Bay
    County
    Llano
    State
    Texas
    Longitude
    -98.3692
    Latitude
    30.542

    Nearby Similar for Sale

    • $39,900,000
      400.41 Acres

      Horseshoe Bay Ranch on Highway

      400+ acre ranch with multiple properties near Horseshoe Bay.
      24434 Highway 71 E, Horseshoe Bay, TX 78657
      View Details
    • $1,700,000
      3,452 SF

      Texas Hill Country Estate

      Luxury home with panoramic views of Texas Hill Country and Lake LBJ.
      104 The Hl Ln, Horseshoe Bay, TX 78657
      View Details
    • $6,000,000
      3,000 SF

      Crown Ranch with Creek Frontage

      Iconic ranch property with creek frontage and city utilities agreement.
      26800 Highway 71 E, Horseshoe Bay, TX 78657
      View Details
    • Contact for pricing
      Pending

      Updated Duplex in Horseshoe Bay

      Updated 2 bed, 2 bath duplex with lake views.
      302 Dogie #B Dr, Horseshoe Bay, TX 78657
      View Details
    • Contact for pricing
      1,280 SF

      Townhome in Horseshoe Bay, TX

      Two-bedroom, three-bathroom townhome with quality finishes and functional layout.
      800 Grassy Knl Ave, Horseshoe Bay, TX 78657
      View Details
    • Contact for pricing

      Horseshoe Bay Apartment For Sale

      Spacious 1 bed, 1 bath apartment in Horseshoe Bay, TX.
      407 Green Leaf, Horseshoe Bay, TX 78657
      View Details
    • $175,000
      1.94 Acres

      Horseshoe Bay Triplex Package Deal

      Four properties sold as a package in Horseshoe Bay, Texas.
      000 Dogie Dr, Horseshoe Bay, TX 78657
      View Details
    • Contact for pricing

      Horseshoe Bay Two-Bedroom Apartment

      Spacious two-bedroom apartment with expansive views in Horseshoe Bay, TX.
      405 Grn Leaf St, Horseshoe Bay, TX 78657
      View Details
    • $439,000
      1,977 SF

      Hill Country Townhome with Lake Views

      Spacious 3-bedroom townhome with resort-style living and lake views.
      200 Full Moon, Horseshoe Bay, TX 78657
      View Details
    • $699,000
      1,124 SF

      Horseshoe Bay Condo with Lake Views

      Updated condo with open water views and community amenities.
      101 Island Dr, Horseshoe Bay, TX 78657
      View Details
    • $375,000
      1,860 SF

      Horseshoe Bay Townhome with Amenities

      Spacious 3-bedroom townhome with community amenities in Horseshoe Bay.
      501 Highlands Blvd, Horseshoe Bay, TX 78657
      View Details
    • $494,000
      759 SF

      Waterfront Condo with Lake Views

      Furnished condo on Lake LBJ, ideal for living or investment.
      1001 The Cape Rd, Horseshoe Bay, TX 78657
      View Details

    FAQs

    What type of property is this?
    Land - 0.65-acre lot with lake views in Horseshoe Bay, Texas.
    Where is this land located?
    The property is located at Feathergrass Horseshoe Bay, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Expansive 0.65 acre lot in Summit Rock, Horseshoe Bay.; - Includes a Horseshoe Bay Resort Links Membership.; - Spectacular views of Lake LBJ and the Texas Hill Country.
    (512) 884-7420
    Request Owner's contact information
    Feathergrass Horseshoe Bay, TX 78657
    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.
    Feathergrass
    Horseshoe Bay, TX 78657
    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
    Feathergrass Horseshoe Bay, TX 78657
    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

    We can help!
    Listing Contact
    Kate Slaughter
    Real Estate License ID: 0589713
    (512) 884-7420
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.