Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Granite Shoals Buildable Lots Title is generated by Realmo AI

    E Granite Castle lot 717-721, Granite Shoals, TX 78654

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Granite Shoals, TX

    Lot size:
    0.55 Acres
    Added:
    Dec 19, 2025
    Days on Market:
    162
    Last Refresh:
    May 30 at 5:06 am

    Property Features for E Granite Castle lot 717-721

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    032131
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Description
    S6560 MYSTIC CASTLE (SHERWOOD SHORES) LOT 717-721

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Micha Osloond

    Listing agent Micha Osloond License #0738362

    Listing office Horseshoe Bay Living 2, LLC 435 Oxbow Trail, Horseshoe Bay, TX

    Listing date Dec 19, 2025

    MLS# 175956 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

    • Five flat, build‑ready lots offered together.
    • Located in a well‑established area of Granite Shoals, near Lake LBJ.
    • Convenient access to water recreation, city amenities, and Marble Falls.
    • Level parcels make construction easier and more cost‑effective.
    • Ideal for spec homes, a small residential project, or future investment.
    • Public water and sewer available.

    Overview

    Located in Granite Shoals, Texas, these five flat, build-ready lots offer an excellent opportunity for development. The lots, totaling 0.55 acres, are offered together, providing flexibility for a builder, investor, or buyer looking to develop multiple homes. The level parcels facilitate easier and more cost-effective construction, with ample space for thoughtfully designed homes. Situated in a well-established area near Lake LBJ, the lots provide convenient access to water recreation, city amenities, and nearby Marble Falls, while maintaining the relaxed Hill Country lifestyle. This is an ideal location for spec homes, a small residential project, or future investment in a desirable lakeside city.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Granite Shoals
    County
    State
    Texas
    Longitude
    -98.2787
    Latitude
    30.5764

    Nearby Similar for Sale

    • $567,000
      2,838 SF

      New Duplex in Granite Shoals

      New construction duplex, fully furnished, ready for short-term rentals.
      337 E Castlewood, Granite Shoals, TX 78654
      View Details
    • $265,000

      Versatile Office Building For Sale

      Office building with multiple spaces, ideal for investors or owner-users.
      802A Phillips Ranch Road, Granite Shoals, TX 78654
      View Details
    • $1,775,000

      Lake LBJ Waterfront Land

      Open waterfront lot on Lake LBJ, west-facing sunset views.
      30 Beaver Island, Granite Shoals, TX 78654
      View Details
    • $550,000

      Commercial Land on FM 1431

      3.56 acres of commercial land with high visibility.
      FM 1431, Granite Shoals, TX 78654
      View Details
    • $319,000

      Waterfront Land in Granite Shoals

      Elevated waterfront homesite on constant-level Lake LBJ.
      Hill Top Drive lot: 14, Granite Shoals, TX 78654
      View Details
    • $259,000

      Waterfront Land on Lake LBJ

      Elevated waterfront homesite with panoramic views on constant-level Lake LBJ.
      Hill Top Drive lot: 13, Granite Shoals, TX 78654
      View Details
    • $700,000
      5,300 SF

      Mobile Homes in Granite Shoals

      Mobile homes for sale near Lake LBJ in Texas.
      105 E Briar Drive, Granite Shoals, TX 78654
      View Details
    • $239,000

      Granite Shoals Lakeside Property

      Residential lot near Lake LBJ with available utilities.
      1110 Sherwood Forest Drive, Granite Shoals, TX 78654
      View Details
    • $305,000

      Lakefront Land in Granite Shoals

      Exclusive lakefront development opportunity on Lake LBJ.
      Coconut Court lot: 30, Granite Shoals, TX 78654
      View Details
    • $175,000

      Oversized Lot Near Lake LBJ

      Rare 1.86-acre lot near Lake LBJ in Granite Shoals.
      Woodland Hills Drive, Granite Shoals, TX 78654
      View Details
    • $425,000

      Lakefront Land in Granite Shoals

      Exclusive lakefront development opportunity on Lake LBJ.
      Sabal Drive lot: 24, Granite Shoals, TX 78654
      View Details
    • $275,000

      Granite Shoals Office Unit

      Office unit with reception area and central heat and air.
      808 N Phillips Ranch Rd, Granite Shoals, TX, 78654-2023
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Five flat, build-ready lots in a growing lakeside community.
    Where is this residential land & home lot located?
    The property is located at E Granite Castle lot 717-721 Granite Shoals, TX.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Five flat, build‑ready lots offered together.; Located in a well‑established area of Granite Shoals, near Lake LBJ.; Convenient access to water recreation, city amenities, and Marble Falls.
    (830) 953-0513
    We can help!
    Listing Contact
    Micha Osloond
    Real Estate License ID: 0738362
    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
    E Granite Castle lot: 717-721, Granite Shoals, TX 78654
    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!