817 Feather Bay Drive Brownwood, TX 76801
This exceptional 0.35-acre commercial lot in Brownwood, Texas, presents a unique investment opportunity within the prestigious Kings Point Cove Resort Community. Located on Feather Bay Drive, 76801, this mostly level lot boasts mature trees and paved road frontage, providing an ideal building site. Utilities are readily available, simplifying the construction process. The property's prime location offers convenient access to Lake Brownwood and the 18-hole Hideout Golf Club. Included in the purchase are four complimentary rounds of golf per month at the Hideout Golf Course, one free week at the RV park, and unlimited access to a wide array of resort amenities. These amenities include two swimming pools, a hot tub, two playgrounds, a sand volleyball court, driving range, putting green, fishing pond, resort lodge, restaurant, RV park, cabins, and more. A private community boat dock on Lake Brownwood is nearing completion, further enhancing recreational opportunities. A complete set of home plans valued at $2,000 is included with an acceptable offer. Attractive financing options are available, including up to 10 years at 2.5% interest with only 15% down payment. This is an exceptional opportunity to own a piece of this thriving resort community. The asking price is $27,900.
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
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.