TBD59 Falcon Dr Brownwood, TX 76801
This exceptional .26-acre commercial lot, located at TBD59 Falcon Dr, Brownwood, TX 76801, presents a unique investment opportunity within the prestigious Kings Point Cove Resort community. Situated in the Feather Bay Subdivision Phase II, this interior lot boasts mature trees and a mostly level terrain. Enjoy the convenience of its location adjacent to the Hideout Golf Club, offering unparalleled access to a vibrant resort lifestyle. While utilities are not yet available, ownership unlocks exclusive privileges, including four complimentary rounds of golf per month on the 18-hole course. Residents also enjoy unlimited access to a wealth of amenities: two swimming pools, a hot tub, two playgrounds, a sand volleyball court, driving range, putting green, fishing pond, resort lodge, RV park, cabins, and more. A private community boat dock is nearing completion. This property offers a blend of recreational advantages and commercial development potential within a thriving lakeside community near Lake Brownwood in Central Texas. The lot's desirable location and the resort's extensive amenities make it an attractive investment opportunity.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.