$1,495,000

930 Ranch Road 261 Buchanan Dam, TX 78609

Buchanan Lake Neighborhood

Estimated payment $9,374/month

2.33 Acres
$641,631 Price per Acre
101,495 Sq Ft Lot

About This Lot

Exceptional opportunity in a rapidly growing Central Texas market. This 11,000+ sq ft multifamily property sits on 2.33 acres with elevated views of Lake Buchanans main bodymaking it a rare lake-adjacent investment with long-term upside. Currently configured as 12 apartment units with 92% occupancy, this asset offers immediate cash flow with room to increase rents and NOI through full stabilization. Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations, minimizing deferred maintenance and supporting operational efficiency. Additional onsite amenities: covered common area, tenant laundry, and storage. Conveniently located near Highways 1431 and 29 - 20 mins to Burnet, Llano, and Marble Falls, and just 90 minutes to Austin or San Antonio. Free public lake access and boat ramp just 2 miles away enhance tenant appeal. P&L available for qualified buyers. Showings by appointment only.

Listing Agent

Jesse James

Jesse James Real Estate Listed on: 08/07/2025

Listing Provided By

Property Details

Property Type

  • Land

Property Details

Property Type

Land

Listing Details

  • Office Phone: 512-967-0856
  • Listing Website: https://www.land.com/property/930-ranch-road-261-buchanan-dam-texas-78609/24368743/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2025 08/07/25 For Sale $1,495,000 -- $134 / Sq Ft
Texas Llano County Buchanan Dam 78609 Buchanan Lake

930 Ranch Road 261, Buchanan Dam, TX

For Sale

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Listing Agent
Jesse James
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Jesse James Real Estate
(512) 967-0856