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    Deep-Water Lakefront Dock Lot Title is generated by Realmo AI

    7575 Cory Drive, Brownwood, TX 76801

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    For Sale
    $695,000

    LAND - Brownwood, TX

    Lot size:
    1.00 Acre
    Added:
    Mar 20, 2026
    Days on Market:
    79
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for 7575 Cory Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV
    Exterior features
    BoatSlip, Dock
    Standard status
    Active
    APN
    000020053306
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    REFLECTION RIDGE AT FEATHER BAY, LOT 8-9, ACR
    Tax Annual Amount
    5127

    Utilities

    Sewer type
    Private Sewer
    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    William Setzler

    Listing agent William Setzler License #0433911

    Listing office Setzler Associates Realty Early, TX

    Listing date Mar 20, 2026

    MLS# 21152596 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

    • 1‑acre east‑facing lakefront lot in Reflection Ridge (private gated subdivision within the Hideout Golf Course and Resort) on Lake Brownwood
    • 244 ft of unobstructed shoreline with direct lake access
    • Dock already in place: 51' x 33' two‑slip aluminum dock by Floatation Systems
    • Dock features include covered upper deck, mounted fishing lights, swim and fishing platforms, and two covered jet ski ports
    • Dock deep‑water access reported as 15+ ft water depth at the dock, even with the lake level down
    • Utilities on site: water, private sewer, and electricity; lot is cleared and ready for construction

    Overview

    Set within Reflection Ridge, a private gated subdivision inside the Hideout Golf Course and Resort community on Lake Brownwood, this cleared lakefront lot is ready to build. The gently-sloping, east-facing parcel offers 244 feet of unobstructed shoreline, providing direct, protected enjoyment of the water.

    A standout feature is that the dock is already in place. The 51’ x 33’ two-slip aluminum dock includes a covered upper deck, mounted fishing lights, and spacious swim and fishing platforms. It also offers two covered jet ski ports, a sun deck, and a super swing, with 15-plus feet of water depth at the dock even with the lake level down.

    Utilities are already on site with water, sewer, and electricity available, and the property is cleared so construction can begin without delay. This offering is well suited for buyers seeking a deep-water Lake Brownwood home site where boating and water recreation can start immediately, supported by the included dock and practical build-ready conditions within a resort-style, amenity-rich community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront 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
    -99.033916
    Latitude
    31.818024

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    FAQs

    What type of property is this?
    Waterfront Land - Gently sloping, east-facing lakefront parcel with unobstructed shoreline and an existing two-slip aluminum dock.
    Where is this waterfront land located?
    The property is located at 7575 Cory Drive Brownwood, TX.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 1‑acre east‑facing lakefront lot in Reflection Ridge (private gated subdivision within the Hideout Golf Course and Resort) on Lake Brownwood; 244 ft of unobstructed shoreline with direct lake access; Dock already in place: 51' x 33' two‑slip aluminum dock by Floatation Systems
    (325) 642-1869
    We can help!
    Listing Contact
    William Setzler
    Real Estate License ID: 0433911
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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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