NOT LISTED FOR SALE

Estimated Value: $427,644 - $1,031,000

1.18 Acres
$618,069 Price per Acre
51,401 Sq Ft Lot

Last Sold March 26, 2024

Current estimated payment $4,307/month

454 Days on Market

Highlights

  • 253 Feet of Waterfront
  • Boat Slip
  • 1.18 Acre Lot

About This Lot

As of March 2024

The sellers have received several offers. Please present your highest and final offer by Saturday March 9th at noon. Relax in the luxury of your own private lakeside resort in this gated community of custom-built homes. This premier waterfront lot, located at the Peninsula on Lake Buchanan, was one of the first sold and is now back on the market.408 Peninsula Drive (lot 52) has breathtaking views of the deep side of the lake. Even in times of drought, you will have a fantastic view and the relaxing sound of water lapping the shoreline. This unique property contains 12+ foot moss-adorned boulders with a turquoise and rust patina creating a stunning landscape feature. A crushed granite driveway has been installed down to the build site. The water's edge has been partially cleared. A assigned slip is included in the private marina, which is a short walk or golf cart ride away. Custom home plan available from the Austin-renowned Cornerstone Architects that take advantage of specific features of this lot. Don’t miss this opportunity to build your dream lake house!

Last Agent to Sell the Property

Donna Scoggins

Scoggins Realty LLC License #0409279 Listed on: 12/08/2022

Last Buyer's Agent

Agent Non-Member

HLAOR Non Member Office

Property Details

Property Type

  • Land

Lot Details

  • 1.18 Acre Lot
  • Lot Dimensions are 253.42 x 563.30
  • 253 Feet of Waterfront

HOA Fees

  • $125 Monthly HOA Fees

Location

  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number 082164

Community Details

Overview

  • The Peninsula On Lk Buchanan Subdivision

Recreation

  • Boat Slip

Property Details

Property Type

Land

Lot Details

1.18 Acres

HOA Fees

$125 per month

Listing Details

  • Reso Property Sub Type: Lots (Up to 9.9 Acres)
  • Prop. Type: Land
  • Co List Office Mls Id: HLM1481
  • Subdivision Name: The Peninsula on Lk Buchanan
  • Directions: From Burnet, Hwy 29 W to RM 690. N on 690 4.3 miles to development on the L.
  • HLM_FloodZone: Yes
  • HLM_ShortSale: No
  • HLM_REOForeclosure: No
  • HLM_Waterfront: Lake Buchanan East
  • HLM_NumberOfResidences: 1
  • HLM_GolfCourseLot: No
  • HLM_AgExempt: No
  • HLM_SepticLocOnProp: No
  • HLM_WellOnProperty: No
  • HLM_ManufacturedHome: No
  • HLM_WaterfrontFootage: 253
  • HLM_WaterAmenities: Boat Slip
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 1.18
  • Waterfront Features: Lake Front

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1505
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Burnet

Lot Info

  • Lot Dimensions: 253.42 x 563.30
  • Lot Size Sq Ft: 51400
  • Parcel #: 082164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2022
Closed on
Mar 26, 2024
Sold by
Schafman Bruce R and Schafman Lisa A
Bought by
Bennett David K and Bennett Stacy R
Seller's Agent
Donna Scoggins
Scoggins Realty LLC
Buyer's Agent
Agent Non-Member
HLAOR Non Member Office
List Price
$725,000
Views
72
Current Estimated Value
$729,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.21%

Purchase Details

Closed on
Jan 14, 2021
Sold by
Americada Ventures Llc
Bought by
Schafman Bruce R and Francis Schafman Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
2.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 5, 2017
Sold by
Guildry Gary S and Guildry Terry C
Bought by
Americada Ventures Llc

Purchase Details

Closed on
Mar 22, 2007
Sold by
Peninsula Bluffs Lp
Bought by
Guidry Gary S and Guidry Terry C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bennett David K -- Independence Title
Schafman Bruce R -- None Available
Americada Ventures Llc -- --
Guidry Gary S -- None Avilebel
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schafman Bruce R $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2024 03/26/24 Sold -- -- --
03/06/2024 03/06/24 Pending -- -- --
03/05/2024 03/05/24 Price Changed $498,990 0.0% --
02/28/2024 02/28/24 Price Changed $499,000 -5.7% --
02/16/2024 02/16/24 Price Changed $529,000 -5.4% --
10/23/2023 10/23/23 Price Changed $559,000 -1.8% --
05/24/2023 05/24/23 Price Changed $569,000 -5.0% --
04/28/2023 04/28/23 Price Changed $599,000 -9.1% --
04/15/2023 04/15/23 Price Changed $659,000 -2.9% --
03/18/2023 03/18/23 Price Changed $679,000 -2.9% --
02/23/2023 02/23/23 Price Changed $699,000 -2.8% --
01/13/2023 01/13/23 Price Changed $719,000 -0.8% --
12/08/2022 12/08/22 For Sale $725,000 -- --
Source: Highland Lakes Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,660 $350,000 $350,000 --
2024 $4,660 $350,000 $350,000 --
2023 $4,660 $350,000 $350,000 $0
2022 $4,376 $283,830 $283,830 --
2021 $4,693 $283,830 $283,830 $0
2020 $6,346 $375,000 $375,000 $0
2019 $6,593 $375,000 $375,000 $0
2018 $6,695 $375,000 $375,000 $0
2017 $3,378 $185,000 $185,000 $0
2016 $3,378 $185,000 $185,000 $0
2015 -- $185,000 $185,000 $0
2014 -- $185,000 $185,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highland Lakes Association of REALTORS®

MLS Number: HLM162697

Highland Lakes Association of REALTORS®

APN: 82164

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