Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gated Golf Resort Home Site Title is generated by Realmo AI

    Las Montanas lot 11, Terlingua, TX 79852

    View on Map
    Claim this Listing
    For Sale
    $250,000

    LAND - Terlingua, TX

    Lot size:
    2.00 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    156
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for Las Montanas lot 11

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    9051-2
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    Lot 11 Las Montantas Subdivision

    We can help!

    Listing Contact
    Thomas Johnston
    Thomas Johnston

    Listing agent Thomas Johnston License #542176

    Listing office Real Estate Ranch Midland, TX

    Listing date Dec 31, 2025

    MLS# 20948001 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

    • Las Montanas is the premier subdivision of Lajitas Golf Resort within a gated community.
    • Subdivision is adjacent to Big Bend National Park.
    • Homes must meet a 5,000 sq. ft. minimum requirement.
    • Underground utilities are available within the subdivision.
    • Elevated lots offer panoramic views of Lajitas, the golf course, and surrounding ranges.
    • Approximately 20 minutes from Terlingua.

    Overview

    This offering is for a homesite within Las Montanas, the premier subdivision of Lajitas Golf Resort. The property is an elevated lot with panoramic views toward Lajitas, the golf course, and surrounding ranges, with underground utilities available. Las Montanas emphasizes upscale residential development, including a stated requirement of a 5,000-square-foot minimum for the home you plan to build.

    Las Montanas sits adjacent to Big Bend National Park, giving the community a distinctly natural backdrop and wide-open scenery. The location is also described as approximately 20 minutes from Terlingua, while remaining within a gated setting designed for privacy and quiet enjoyment. Select lots are noted to offer golf course views, adding to the appeal for buyers looking for a premium build site.

    For prospective buyers, this land parcel is well-suited to someone planning a custom home that can take advantage of the elevated topography and sightlines highlighted for the community. The combination of gated access, underground utilities, and the minimum build requirement suggests a buyer group focused on quality construction and long-term enjoyment of the area’s mountain and national park proximity.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Terlingua
    County
    Brewster
    State
    Texas
    Longitude
    -103.75168
    Latitude
    29.26525

    Nearby Similar for Sale

    • $725,000

      Commercial Land Near Big Bend

      Five commercial acres with highway frontage near Big Bend National Park.
      Hwy 170, Terlingua, TX 79852
      View Details
    • $179,000
      53,143 SF

      Terlingua Commercial Land For Sale

      1.22 acre corner lot in the heart of Terlingua, TX.
      FM 170, Terlingua, TX 79852
      View Details
    • $399,900

      Terlingua Land with Mountain Views

      10 acres near Big Bend, ideal for rental investment.
      FM 170, Terlingua, TX 79852
      View Details
    • $725,000

      Commercial Land Near Big Bend

      Five acres with highway frontage near Big Bend National Park.
      Hwy 118, Terlingua, TX 79852
      View Details
    • $150,000

      Scenic Land in Terlingua, TX

      5.42 acres with mountain views, power, and water access.
      23031 FM 170, Terlingua, TX 79852
      View Details
    • $179,000

      Terlingua, TX Corner Lot Land

      1.22 acre corner lot in the heart of Terlingua.
      FM 170, Terlingua, TX 79852
      View Details
    • $1,750,000
      15,000 SF

      Abandoned Mining Town Development Land

      62-acre abandoned mining town site with subterranean mine/cavern and 20 stone buildings near Highway 170.
      1 Villa De La Mina Rd., Terlingua, TX 79852
      View Details
    • $1,950,000

      Unique Boeing 727 Rental Property

      Short-term rental on 80 acres near Big Bend National Park.
      700 Gate 9 Road, Terlingua, TX 79852
      View Details
    • $7,463,304

      Expansive Terlingua Land Parcel

      Large acreage with highway frontage and development potential in Terlingua.
      Hwy 118, Terlingua, TX 79852
      View Details
    • $192,000

      Terlingua Off-Grid Acreage Available

      160 acres perfect for cattle ranching and recreation.
      SEC 20 Private Rd, Terlingua, TX 79852
      View Details
    • $500,000

      Gated Luxury Residential Land Lot

      A gated homesite in Las Montanas with underground utilities and panoramic views near Big Bend National Park.
      Las Montanas lot: 10, Terlingua, TX 79852
      View Details
    • $5,500,000

      Vast Terlingua Ranch Land

      4456 acre ranch in Terlingua, Texas, outdoor paradise.
      100 Medina Road, Terlingua, TX 79852
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build in a gated subdivision near Big Bend National Park with mountain and golf-course viewing opportunities.
    Where is this residential land & home lot located?
    The property is located at Las Montanas lot 11 Terlingua, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Las Montanas is the premier subdivision of Lajitas Golf Resort within a gated community.; Subdivision is adjacent to Big Bend National Park.; Homes must meet a 5,000 sq. ft. minimum requirement.
    (432) 688-8200
    We can help!
    Listing Contact
    Thomas Johnston
    Thomas Johnston
    Real Estate License ID: 542176
    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
    Las Montanas lot: 11, Terlingua, TX 79852
    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!