This exceptional 368-acre tract, located at 2 Co Rd 223, Kempner, TX 78639 (Burnet County), presents a unique investment opportunity. Situated less than an hour north of Austin and minutes from Lampasas, Killeen, Temple, and the I-35 corridor between Austin and Waco, this property offers unparalleled access and convenience. The land boasts significant topographic variation, ranging from lush, shaded bottom areas to expansive hilltops providing breathtaking views. Two ponds (one requiring resealing) provide water sources, complemented by a well and a watering distribution system serving two established pastures. Open meadows are interspersed throughout the terraced terrain, making it ideal for ranching and hunting activities. With approximately 1450 feet of paved County Road 223 frontage, the property offers excellent potential for subdivision, with multiple access points along the road. The asking price for this remarkable property is $5,255,704. This expansive acreage presents a rare chance to establish a Texas land legacy, combining recreational opportunities with significant development potential. The property's strategic location, coupled with its natural features and road frontage, makes it an attractive investment for a variety of uses. Buyers will appreciate the existing infrastructure, including the well and watering system, which minimizes initial investment costs. The combination of hunting, ranching, and development potential makes this a truly versatile and valuable property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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