8164 Hwy Buchanan Dam, TX 78609
This exceptional 3.6-acre property in Llano County, Texas, boasts over 200 feet of Lake Buchanan frontage and is situated directly on Highway 261. The land features two existing structures: a three-bedroom, one-bathroom rock house and a one-bedroom loft-style guest house, both currently generating rental income. Mature oak trees, granite outcroppings, and diverse native vegetation enhance the property's natural beauty. The expansive lot, over 750 feet deep, offers ample space for expansion, new construction, or business development. Existing amenities include a boat launch and pier, providing convenient lake access. A privacy fence lines the southern boundary. The property is entirely located within an Opportunity Zone and seller financing is available. Utilities include electricity, internet/satellite, sewer, and water from a well. The property includes central heating and air conditioning, fireplaces, and ceiling fans. Parking for four vehicles is available. The main house was built in 1950. The lot size is approximately 155,509 square feet. Asking price is $875,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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