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

    Legendary Est Dr, Unit 8 Kingsland, TX 78639

    View on Map
    Sponsored
    For Sale
    $849,500

    LAND - Kingsland, TX

    Lot size:
    0.45 Acres
    Days on Market:
    151
    Last Refresh:
    Mar 5 at 7:06 am

    Property Features for Legendary Est Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    111175
    Lot size
    0.45 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Gary Martin

    The Martin Company (512) 756-9132

    Listing agent Gary Martin (512) 756-9132

    Listing date Oct 6, 2025

    MLS# 167525

    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

    Waterfront Lot in Legendary Estates

    This is one of the last waterfront lots available in the exclusive Legendary Estates subdivision on Lake LBJ. The property includes a set of plans for an extraordinary house designed specifically for this waterfront lot. A two-level bulkhead is already in place, featuring three boat slips suitable for various watercraft. The lot offers a view overlooking the cove and open water of Lake LBJ. Located in Kingsland, Texas, the property provides a calm environment within the cove, with the mouth of the Colorado River approximately 400 feet away. Legendary Estates on Lake LBJ is a high-end subdivision situated on the Colorado River arm of Lake LBJ. The lot size is approximately 0.45 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kingsland
    County
    Llano
    State
    Texas
    Longitude
    -98.43129282
    Latitude
    30.66510628

    Nearby Similar for Sale

    • New
      $260,000
      2,400 SF

      Kingsland Commercial Property with RR Frontage

      Metal building with drainage, concrete flooring, and fenced area.
      201 County Road 126A, Kingsland, TX 78639
      View Details
    • New
      $95,000
      1,200 SF

      Kingsland Shop on Three Lots

      1200 sq ft shop on three lots for sale.
      3616 Clover St, Kingsland, TX 78639
      View Details
    • $95,000
      1,200 SF

      Kingsland Shop on Three Lots

      1200 sq ft shop on three lots in Kingsland.
      3616 Clover St, Kingsland, TX 78639
      View Details
    • $8,591,500
      87.51 Acres

      Kingsland Golf Course Opportunity

      160-acre golf course with development potential in Kingsland, TX.
      118 Clb Cir, Kingsland, TX 78639
      View Details
    • $345,000
      0.17 Acres

      Lake LBJ Marina Homesite

      Lakefront development with marina access on Lake LBJ.
      6 Aqua Way, Kingsland, TX 78639
      View Details
    • $1,075,000
      2,240 SF

      Kingsland Farm/Ranch Near Lake LBJ

      Custom home and well-maintained barn near Lake LBJ.
      800 Quarter Horse Cir, Kingsland, TX 78639
      View Details
    • $225,500
      0.17 Acres

      Lake LBJ Marina Homesite

      Lakefront development with marina, STRs allowed, owner financing.
      20 Aqua Way, Kingsland, TX 78639
      View Details
    • $350,000
      3,200 SF

      Kingsland Commercial Property with Home

      Commercial building with auto lifts and adjoining residential home/office.
      570 Poncho St, Kingsland, TX 78639
      View Details
    • $165,000
      868 SF

      919 Austin St

      Commercial real estate
      919 Austin St, Kingsland, TX 78639
      View Details
    • $3,995,000
      1,200 SF

      1-10 Waco St

      Commercial real estate
      1-10 Waco St, Kingsland, TX 78639
      View Details
    • $2,125,000
      1.95 Acres

      1-16 Odessa St

      Multifamily properties
      1-16 Odessa St, Kingsland, TX 78639
      View Details
    • Contact for pricing
      0.10 Acres

      353 Anson

      Commercial real estate
      353 Anson, Kingsland, TX 78639
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Waterfront lot with boat slips in Kingsland, Texas.
    Where is this residential land & home lot located?
    The property is located at Legendary Est Dr, Unit 8 Kingsland, TX.
    What is the asking price?
    The asking price for this property is $849,500.
    What are key features of this property?
    This property features: - Waterfront lot in exclusive Legendary Estates on Lake LBJ.; - Includes house plans designed specifically for the lot.; - **2-level bulkhead with 3 boat slips already in place.**
    (512) 627-8469
    Request Owner's contact information
    Legendary Est Dr, Unit 8 Kingsland, TX 78639
    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.
    Legendary Est Dr, Unit 8
    Kingsland, TX 78639
    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
    Legendary Est Dr, Unit 8 Kingsland, TX 78639
    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
    Gary Martin
    Real Estate License ID: 0308517
    (512) 627-8469 (512) 756-9132
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!