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62 CR 353 and FM 1050
Utopia, TX 78884
El Lago Vista · Land For Sale · 4.41 AC

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Hospitality
  • Hold For Development
  • Hold For Investment
Total Lot Size 4.41 AC
Cross Streets Road 353

DESCRIPTION

This is the first time the property has been on market in 20 years. This property has a strong business future because of its location with 276' frontage of Sabinal River, usability of topography, mature oak and cypress trees, city water with well for irrigation, and proximity to dam, water fall, swimming hole, park and rodeo arena. Since Utopia is unincorporated, there are few if any restrictions. Mobile hookups, cabins or an event center would generate a very positive cash flow. It is currently used as a VRBO by out of town owners, it generates substantial rental income with no advertising except the El Lago vista.com web site. No social media advertising was used. The renters are generally repeat visitors or personal referrals. The owner may consider selling 3 (plus or minus) acres with river frontage separately for $199,000. In this case the remaining 4.5 acres (plus or minus) and all improvements will be priced at $549.000. Of course, the entire 7.61 acres can be sold as a package. Located on the "Texas Hill Country Trail" on 276' of the clear flowing waters of the Sabinal River and a small lake great for kayaking and fishing. within 14 miles of garner and lost maples state parks. abundant wild life on property including both axis and white tail deer. Among the large oaks and cypress on the outskirts of the charming unincorporated hill country town of Utopia. Within a fairly short drive to hwy 90 for a commute into San Antonio. The property is ideally suited for a family get-a-way or special event venue not too far from major metro areas, ie. San Antonio, Austin. Ideally located to take advantage of the best the hill country has to offer. Even when it rains 8.5+ inches, the lot will not flood. It has not flooded in more than twenty years. The property includes: 2772 SF main house 1,000 SF large side building (bunkhouse) 526 SF of open porches 528 SF covered porch Large pool with spa and adjoining 384 SF pool house bedroom and full bath City water + water well.

  • Listing ID: 12572486

  • Date on Market: 5/15/2018

  • Last Updated:

  • Address: 62 CR 353 and FM 1050, Utopia, TX 78884