Incredible investment opportunity on the constant level Lake LBJ $18,600,000

River Commercial For Sale

Incredible investment opportunity on the constant level Lake LBJ in the Austin Hill Country. NOTE: 50% OWNERSHIP OPTION $9.3M or 100% Ownership Option for $18.6M, both below current market value. Turn Key Operation- management of rentals/reservations/ marketing 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 friendas getaway as well as an income producing vacation rental opportunity. This gated 4+ acres consists of 10 newly constructed modern farmhouse single family homes ranging from 2932 to 3429 SqFt with 4 5 bedrooms, 3.5 bathrooms, professionally designed furnished (4 of the 10 furnished the remaining 6 can be) sleep 12-15 people per residence. The houses each boast the finest in materials including hardwood floors, quartz counter tops in the large kitchens bathrooms, custom finishes, King size beds in bedrooms 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 tv, dining areas, lounging areas as well as uncovered lounge areas, all under the towering oak shade trees overlooking the lake. The highlights of course are the 8 boat slips a slip for jet skias easy access for kayaking stand-up paddleboards. Tucked in a cove right off open water makes this a highly desirable user-friendly watersports haven. There is also a convenient onsite parking lot for visitors 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 in your private home.