Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Horseshoe Bay Land Opportunity Title is generated by Realmo AI

    207 N Blue Ridge Trail, Horseshoe Bay, TX 78657

    View on Map
    Claim this Listing
    For Sale
    $125,000

    LAND - Horseshoe Bay, TX

    Lot size:
    0.50 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    112
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 207 N Blue Ridge Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    067431
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    Lots 148 & 149 Unit 1 Blue Lake Estates

    We can help!

    Listing Contact
    Marge Hoff

    Listing agent Marge Hoff

    Listing office Horseshoe Bay Resort Realty PO Box 4810, Horseshoe Bay, TX

    Listing date Feb 10, 2026

    MLS# 176492 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

    • Rare opportunity: One of two contiguous lots with street‑to‑street access.
    • Enjoy panoramic Hill Country views.
    • Flexible building possibilities: Build on one lot, hold the other, or combine for a larger footprint.
    • Blue Lake Estates community amenities include a 9‑hole golf course, 4 parks, 4 pickleball/tennis courts, boat launch, boat storage, and fenced sand beach.
    • Exceptional setting for a custom home or estate‑style build.
    • Elevated vistas and added privacy.

    Overview

    This is a rare opportunity to acquire one of two contiguous lots in the desirable Blue Lake Estates community. The property offers the unique advantage of street-to-street access. Positioned to capture panoramic Hill Country views, these lots provide an exceptional setting for a custom home or estate-style build. The elevated vistas, added privacy, and flexible building possibilities are enhanced by the dual frontage. The property offers endless potential, whether building on one lot and holding the other, or combining both for a larger footprint. Blue Lake Estates offers 4 parks, a 9-hole golf course, 4 pickleball/tennis courts, a boat launch, boat storage, and a fenced sand beach.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Storage Facility Bar & Pub Grocery & Convenience Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Horseshoe Bay
    County
    Llano
    State
    Texas
    Longitude
    -98.41268976
    Latitude
    30.56792182

    Nearby Similar for Sale

    • $1,995,000

      Waterfront Land in Horseshoe Bay

      0.62 acre waterfront lot in Escondido Golf & Lake Club.
      1301 Apache Tears, Horseshoe Bay, TX 78657
      View Details
    • $995,000

      Residential Waterfront Estate Lot

      5+acre estate lot in a gated community with direct Lake LBJ access and space for horses.
      Overlook Parkway lot: 118, Horseshoe Bay, TX 78657
      View Details
    • $2,450,000

      Waterfront Homesite on Lake LBJ

      Rare 1.22-acre waterfront lot with open water views.
      FM 2147 lot: G-1, Horseshoe Bay, TX 78657
      View Details
    • $1,200,000

      Waterfront Land in Horseshoe Bay, TX

      0.54 acre lot with Lake LBJ access and golf membership.
      1213 Apache Tears, Lot 4, Horseshoe Bay, TX 78657
      View Details
    • $785,000
      2,146 SF

      Horseshoe Bay Townhome with Golf Views

      Updated townhome with golf course and Hill Country views.
      402 Lost Echo, Horseshoe Bay, TX 78657
      View Details
    • $1,495,000

      Lake LBJ Homesite Opportunity

      Rare homesite in gated waterfront community on Lake LBJ.
      Matern Court lot: 3, Horseshoe Bay, TX 78657
      View Details
    • $249,999
      1,923 SF

      Horseshoe Bay Duplex with Potential

      Cozy duplex in Horseshoe Bay Proper with bonus room.
      1504 Azure UNIT A, Horseshoe Bay, TX 78657
      View Details
    • $999,999

      Unrestricted Hill Country Development Tract

      Unrestricted acreage with multiple build sites, lake-view potential, and existing workshop structures for flexible residential or light industrial use.
      1407 County Road 311, Horseshoe Bay, TX 78657
      View Details
    • $895,000

      Waterfront Homesite on Applehead Island

      Build your dream waterfront retreat on Lake LBJ.
      83E Applehead Island Drive, Horseshoe Bay, TX 89657
      View Details
    • $1,100,000

      Lake LBJ Waterfront Land

      Prime Lake LBJ waterfront property in Horseshoe Bay West.
      108 Moon Isle, Horseshoe Bay, TX 78657-0000
      View Details
    • $1,675,000

      Waterfront Homesite on Applehead Island

      Half-acre waterfront land on Lake LBJ in Horseshoe Bay.
      67 Applehead Island Drive, Horseshoe Bay, TX 78657
      View Details
    • $1,150,000

      Lake LBJ Waterfront Property

      Waterfront property on Lake LBJ in Horseshoe Bay West.
      110 Moon Isle, Horseshoe Bay, TX 78657-0000
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare contiguous lots in Blue Lake Estates with street access.
    Where is this residential land & home lot located?
    The property is located at 207 N Blue Ridge Trail Horseshoe Bay, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Rare opportunity: One of two contiguous lots with street‑to‑street access.; Enjoy panoramic Hill Country views.; Flexible building possibilities: Build on one lot, hold the other, or combine for a larger footprint.
    (713) 594-6675
    We can help!
    Listing Contact
    Marge Hoff
    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
    207 N Blue Ridge Trail, Horseshoe Bay, 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!