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Mormon Mill Rd - Townhome/Condo Project Site 0.05 - 14.8 Acre Residential Land Lots Offered at $1,150,000 - $1,375,000 Per Lot in Marble Falls, TX 78654



Investment Highlights
- Frontage on Mormon Mill Rd., US Hwy 281, and Commerce Street
- All utilities available
Executive Summary
Property Facts
| Price | $1,150,000 - $2,525,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units - Condo |
| No. Lots | 2 | Total Lot Size | 26.07 AC |
| Property Type | Land | Cross Streets | US Hwy 281 |
| Zoning | NC, TR, and NR - Tract 1 has TR (transitional residential) and NC (Neighborhood Commercial) zoning. Tract 2 has NR (Neighborhood Residential) zoning | ||
| Price | $1,150,000 - $2,525,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 26.07 AC |
| Cross Streets | US Hwy 281 |
| Zoning | NC, TR, and NR - Tract 1 has TR (transitional residential) and NC (Neighborhood Commercial) zoning. Tract 2 has NR (Neighborhood Residential) zoning |
2 Lots Available
Lot Tract 1
| Price | $1,150,000 | Lot Size | 14.80 AC |
| Price Per AC | $77,702.70 |
| Price | $1,150,000 |
| Price Per AC | $77,702.70 |
| Lot Size | 14.80 AC |
Approx. 14.853 acres with frontage on Mormon Mill Rd, Hwy 281, and Commerce St. Zoned TR and NC.
Lot Tract 2
| Price | $1,375,000 | Lot Size | 0.05 AC |
| Price Per AC | $27,500,000.00 |
| Price | $1,375,000 |
| Price Per AC | $27,500,000.00 |
| Lot Size | 0.05 AC |
Approx. 11.22 acres with frontage on Mormon Mill. Zoned NR.
Description
Premier Development Site in the Heart of the Highland Lakes Region! This high-visibility property boasts frontage on US Hwy 281, Mormon Mill Rd, and Commerce Street, offering unmatched exposure in a thriving area. Fully approved for townhome or condo development, this is a turnkey opportunity to bring a residential project to one of the most desirable communities in the region. Why This Site Stands Out: -Prime Location – High-traffic area with easy access to major roads - Full Development Approvals – Save time & start building immediately -All Utilities Available – City of Marble Falls water, sewer, and electric ready to go -Room to Build – While a portion is in the FEMA 100-year floodplain, ample space remains for development With growing demand for housing in Marble Falls, this shovel-ready site is an opportunity you don’t want to miss! Let’s talk today!
Property Taxes
| Parcel Number | 20550 | Improvements Assessment | $0 |
| Land Assessment | $370,227 | Total Assessment | $370,227 |
Property Taxes
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Mormon Mill Rd - Townhome/Condo Project Site
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