3360 Round Mountain Rd Leander, TX 78641
This exceptional 200.695-acre tract presents a unique investment opportunity in the rapidly expanding corridor between Leander and Liberty Hill, Texas. Boasting 545 feet of frontage on CR 282, this property offers significant development potential. Currently equipped with a well, septic system, and electricity, the land is ready for various uses. However, higher-density development may necessitate connecting to city utilities from the southeast or implementing additional on-site water and wastewater solutions. The gently sloping topography provides scenic hill country views, making it ideal for residential development. The property's location within the Leander ETJ, approximately one mile from Leander city limits and three miles from Liberty Hill city limits, capitalizes on the explosive growth experienced in these areas. Leander saw an 892% growth rate from 2000-2020 and 10.9% year-over-year growth from 2021-2022. Liberty Hill experienced 277% growth from 2010-2020 and 34% year-over-year growth from 2021-2022. The land is zoned for commercial, ranch, and residential uses. The lease expires on July 31, 2024, with no remaining lease term. This property is a rare find, offering a substantial land holding in one of Texas's fastest-growing regions. The existing improvements include a 4,113 square foot, four-bedroom, four-bathroom single-family residence built in 2015, offering stunning views. This presents a unique opportunity for both land development and immediate occupancy.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.