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    Elevated Resort Community Lot Title is generated by Realmo AI

    463 Feather Bay Drive, Brownwood, TX 76801

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    For Sale
    $69,000

    LAND - Brownwood, TX

    Lot size:
    0.45 Acres
    Added:
    Jun 24, 2025
    Days on Market:
    346
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 463 Feather Bay Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV
    Standard status
    Active
    APN
    000020039447
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Description
    KING'S POINT COVE UNIT 1, LOT 463, ACRES 0.45
    Tax Annual Amount
    212

    We can help!

    Listing Contact
    Doug Allen
    Doug Allen

    Listing agent Doug Allen License #0604657

    Listing office United Country - Heart of Texas RE Early, TX

    Listing date Jun 24, 2025

    MLS# 20979252 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lot 463 Feather Bay Dr., a spacious 0.45‑acre interior lot in King’s Point Cove at The Hideout Golf Club near Lake Brownwood, TX
    • Gentle slope with natural drop‑off at the back, plus sweeping, unobstructed southerly view
    • Paved road access with utilities available at the street: water, sewer, and electricity
    • King’s Point Cove owner perks include 4 free rounds of golf each month
    • Resort amenities include two swimming pools and a hot tub, plus driving range and putting green
    • Lake Brownwood is 7,300 acres and offers boating, kayaking, fishing, and wildlife viewing

    Overview

    Lot 463 Feather Bay Dr. is a 0.45-acre interior lot within the King’s Point Cove Resort Community near Lake Brownwood. The property features a gentle slope with a natural drop-off at the back, creating an unobstructed southerly view. Paved road access is available, and utilities including water, sewer, and electricity are available at the street, supporting an easier path to development. The site is positioned for privacy while still keeping you close to the area’s recreational offerings.

    King’s Point Cove is associated with The Hideout Golf Club, including its 18-hole championship golf layout, with the lot located just moments away from play. Lake Brownwood spans 7,300 acres and is described as ideal for boating, kayaking, fishing, and wildlife viewing. For community life, residents receive access to resort amenities such as two swimming pools and a hot tub, playgrounds and a sand volleyball court, a driving range and putting green, and a stocked fishing pond. The Hideout Lodge includes an on-site restaurant and bar, along with seasonal events and community activities. A private community boat dock on Lake Brownwood is also in development.

    This lot is a practical fit for buyers seeking a build site in a recreation-focused community—whether for a primary home, a weekend retreat, or an investment in a growing resort neighborhood—especially given the view-oriented topography and established amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -99.0383182
    Latitude
    31.8025697

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    FAQs

    What type of property is this?
    Recreation land - Build-ready interior lot with a gentle slope, natural drop-off, and unobstructed southerly views near Lake Brownwood.
    Where is this recreation land located?
    The property is located at 463 Feather Bay Drive Brownwood, TX.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: Lot 463 Feather Bay Dr., a spacious 0.45‑acre interior lot in King’s Point Cove at The Hideout Golf Club near Lake Brownwood, TX; Gentle slope with natural drop‑off at the back, plus sweeping, unobstructed southerly view; Paved road access with utilities available at the street: water, sewer, and electricity
    (325) 643-1515
    We can help!
    Listing Contact
    Doug Allen
    Doug Allen
    Real Estate License ID: 0604657
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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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