Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Magnolia lot 329B Cottonwood Shores, TX 78657

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Cottonwood Shores, TX

    Lot size:
    0.29 Acres
    Added:
    Mar 27, 2025
    Days on Market:
    407
    Last Refresh:
    May 7 at 6:06 am

    Property Features for Magnolia lot 329B

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    012831
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    Lot 329 B Driftwood Sec

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Bob Tuteur
    Bob Tuteur

    Listing agent Bob Tuteur License #0494545

    Listing office Hurst Realty, LLC 404 S Ave M P O Box 662, Marble Falls, TX

    Listing date Mar 27, 2025

    MLS# 172678 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

    • Oversized prime homesite, perfect for your custom dream home.
    • Enjoy access to Lake LBJ and Lake Marble Falls through a property owners park.
    • Community amenities include a skate park, splash pad, and playgrounds.
    • Ideal location for boating, fishing, and swimming.
    • Take in the scenic Texas Hill Country views.
    • Opportunity to purchase additional connecting lots.

    Overview

    Oversized Homesite Near Lake LBJ

    This oversized homesite is ideal for building a custom home with convenient access to Lake LBJ and Lake Marble Falls through a property owners park. The property consists of two and a half regular lots that have been replatted into one large lot, providing ample space. Community amenities include a skate park, splash pad, and playgrounds. The area is suitable for boating, fishing, and swimming. Located in the scenic Texas Hill Country, this property offers an opportunity to enjoy the natural surroundings. Surveys are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cottonwood Shores
    County
    Llano
    State
    Texas
    Longitude
    -98.324158
    Latitude
    30.551874

    Nearby Similar for Sale

    • $409,000

      Cottonwood Shores Land For Sale

      1.27 acre mixed-use land with lake and hill country views.
      W FM 2147, Cottonwood Shores, TX 78657
      View Details
    • $75,000

      Corner Lots in Cottonwood Shores

      Prime corner lots near Marble Falls and Horseshoe Bay.
      Birch Lane, 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
    • $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
    • $24,500

      Residential Land in Cottonwood Shores

      Land near parks, lakes, and Hill Country attractions.
      836 Aspen Ln, Cottonwood Shores, TX 78657
      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
    • $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
    • $19,000

      Residential Lot in Cottonwood Shores

      Residential lot with mature trees, near Lake Marble Falls.
      Driftwood Ln lot: 159, Cottonwood Shores, TX 78657
      View Details
    • $65,000

      Two Buildable Lots in Cottonwood

      Two buildable residential lots in Cottonwood Shores, Texas.
      707 Maple Ln, Cottonwood Shores, TX 78657
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot near Lake LBJ with community amenities.
    Where is this residential land & home lot located?
    The property is located at Magnolia lot 329B Cottonwood Shores, TX.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Oversized prime homesite, perfect for your custom dream home.; Enjoy access to Lake LBJ and Lake Marble Falls through a property owners park.; Community amenities include a skate park, splash pad, and playgrounds.
    (512) 755-4069
    We can help!
    Listing Contact
    Bob Tuteur
    Bob Tuteur
    Real Estate License ID: 0494545
    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

    Thank You for Inquiry
    Magnolia lot: 329B, 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!