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    Land with Panoramic Lake Views Title is generated by Realmo AI

    103 Palmie Lane, Marble Falls, TX 78654

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    For Sale
    $1,250,000

    LAND - Marble Falls, TX

    Property size:
    2,400 SF
    Lot size:
    10.05 Acres
    Price / SF:
    $520/SF
    Added:
    Mar 28, 2025
    Days on Market:
    423
    Last Refresh:
    May 24 at 1:06 am

    Property Features for 103 Palmie Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    025904
    Size
    2,400 SF
    Lot size
    10.05 Acres

    Taxes and HOA fees

    Tax Description
    S5755 LAKE MARBLE FALLS LOT TRACT 10, GUADALUPE FLORES AB 304 10.05

    We can help!

    Listing Contact
    Lesli Akers

    Listing agent Lesli Akers License #0446600

    Listing office Keller Williams - Lake Travis 1921 Lohman's Crossing Suite 100, Austin, TX

    Listing date Mar 28, 2025

    MLS# 172643

    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

    • Sweeping panoramic views of Lake Marble Falls, downtown Marble Falls, and the Texas Hill Country due to high elevation.
    • Over 10 acres of land with mature oaks, native trees, and granite outcroppings.
    • Exceptional location minutes from Marble Falls, Horseshoe Bay Resort, and Lake LBJ.
    • Existing 2,400 sqft home (3 bed, 3.5 bath) functional as a residence, guest house, or rental property.
    • Potential for future rezoning or subdivision opportunities (subject to city approvals).
    • Convenient access to Marble Falls, Horseshoe Bay Resort, Lake LBJ, medical facilities, and retail development.

    Overview

    This property features over 10 acres situated at a high elevation in the Marble Falls area, providing panoramic views of Lake Marble Falls, downtown Marble Falls, and the surrounding Texas Hill Country. The land includes mature oaks, native trees, and granite outcroppings. A canyon creates a natural buffer, enhancing privacy and framing Hill Country views. A two-story, 2,400 sqft home built in 2001 with 3 bedrooms and 3.5 bathrooms is located on the property and can be used as a residence, guest house, or potential rental (subject to permits). It can also serve as a temporary residence while planning a future custom home. Additional improvements include two detached carports and two large water storage tanks. The property is located approximately 2 miles from historic Marble Falls and about 5 miles from Horseshoe Bay Resort, with easy access to Lake LBJ, medical facilities, and regional retail development. Buyers may explore the potential for future rezoning or subdivision opportunities, subject to city approvals and development requirements. A new survey is available.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

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

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    FAQs

    What type of property is this?
    Land - 10+ acres with views near Marble Falls and Horseshoe Bay.
    Where is this land located?
    The property is located at 103 Palmie Lane Marble Falls, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Sweeping panoramic views of Lake Marble Falls, downtown Marble Falls, and the Texas Hill Country due to high elevation.; Over 10 acres of land with mature oaks, native trees, and granite outcroppings.; Exceptional location minutes from Marble Falls, Horseshoe Bay Resort, and Lake LBJ.
    (512) 584-6264
    We can help!
    Listing Contact
    Lesli Akers
    Real Estate License ID: 0446600
    Learn More
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    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.

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