2403 Cherry Ln
Kingsland, TX 78639
Fred Wood Unit 5; Lots 61-70 · Land For Sale · 4.31 AC

Incredible investment opportunity on the constant level Lake LBJ in the Austin Hill Country. There is a 50% Ownership Option for $9.3M or 100% Ownership Option for $18.6M, both below current market value. The Events, STR Reservations Management and marketing are already lined up. Turn key business investment. A conservative rental analysis is available upon request. This amazing opportunity is perfect as a high demand EVENT VENUE for weddings, wedding receptions, corporate retreats, family reunions, family and friends getaway as well as an income producing vacation rental opportunity. This gated 4.3+/- acres consists of 10 newly constructed modern farmhouse single family homes that range from 2932 to 3429 sqft with 4 and 5 bedrooms, 3.5 bathrooms, professionally designed and furnished (4 of the 10 furnished and the remaining 6 can be) and sleep 12-15 people per residence. The houses each boast the finest in materials including hardwood floors, quartz counter tops in the large kitchens and bathrooms, custom finishes, King size beds in bedrooms and one bedroom as an over the top bunk room , laundry rooms upstairs as well as downstairs a private splash pool in each fenced private yard. The community features a regulation pickle ball court, also with use as a basketball court, a covered pavilion with grills, flat screen t.v., dining areas, lounging areas as well as uncovered lounge areas, all under the towering oak shade trees and overlooking the lake. The highlight of course are the 8 boat slips and a slip for jet skii’s and easy access for kayaking and stand up paddleboards. Tucked in a cove right off open water makes this a highly desirable and user friendly watersports haven. There is also a convenient onsite parking lot for visitor parking as well as extra parking. The Cove at LBJ is also minutes from worldclass golfing. Enjoy wine tasting in the Hill Country, shopping, casual or fine dining or all day enjoyment on the lake and in your private home. Call for your private tour and for analytics.