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    Adjoining Resort Homesite Lots Title is generated by Realmo AI

    720721 Safe Harbor, Brownwood, TX 76801

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    LAND - Brownwood, TX

    Lot size:
    0.73 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    136
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 720721 Safe Harbor

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20043561
    Lot size
    0.73 Acres

    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 Jan 21, 2026

    MLS# 21034915 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

    • Two adjoining lots in Kings Point Cove at The Hideout Golf Course Resort: Lot 720 (~0.36 acres) and Lot 721 (~0.37 acres) for over ~0.73 acres total
    • Utilities available: water, electric, and sewer
    • Paved road frontage on a quiet street
    • Ownership includes 8 free rounds of golf each month (4 rounds per lot)
    • Community amenities include an infinity pool, hot tub, fitness center, and multi‑purpose sports court (tennis, pickleball, basketball)
    • Additional on‑site amenities include beach volleyball, playground, paddle boating, and fishing opportunities

    Overview

    This offering presents a rare chance to purchase two adjoining residential lots in Kings Point Cove at The Hideout Golf Course Resort. The combined homesite creates added space and flexibility, whether you’re planning a larger custom home, expanding outdoor living areas, or simply looking for more room and privacy in a resort-style setting. Each lot has utilities available, including water, electric, and sewer, supporting a straightforward path from planning to construction.

    The lots are situated on a quiet street with paved road frontage and are described as a short distance from the third fairway of The Hideout Golf Course. Community living here includes ownership benefits of eight free rounds of golf each month, with four rounds per lot. Residents also have access to an infinity pool and hot tub, a fitness center, and a multi-purpose sports court for activities that include tennis, pickleball, and basketball. Additional amenities include a beach volleyball court, playground, paddle boating, and fishing opportunities, reinforcing the area’s lake-and-golf lifestyle.

    For buyers looking to build in a well-appointed resort environment, the ability to secure side-by-side lots can simplify site planning and broaden design options compared with single-lot purchases. The proximity to resort amenities and golf play, combined with convenient access to Brownwood just minutes away, makes this an attractive homesite for full-time residents or weekend getaway planning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -99.043266
    Latitude
    31.7970283

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    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent lots with paved frontage and available utilities in a golf course resort community.
    Where is this residential land & home lot located?
    The property is located at 720721 Safe Harbor Brownwood, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Two adjoining lots in Kings Point Cove at The Hideout Golf Course Resort: Lot 720 (~0.36 acres) and Lot 721 (~0.37 acres) for over ~0.73 acres total; Utilities available: water, electric, and sewer; Paved road frontage on a quiet street
    (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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