$1,300,000
●
Land -
Off Market
2908-2910 Pack Saddle DR
Horseshoe Bay, TX 78657
Studio
0 Bath
$7,279
Est. Monthly
$25
HOA / Fees
About This Property
Seize this rare opportunity to own a 1.59-acre lot in coveted Blue
Lakes Estates, Horseshoe Bay, Texas. Featuring approximately
.87acres of buildable land and additional under water property,
this lot ensures the perfect setup for building your dream home and
dock. With over 75 feet of open-water frontage, enjoy breathtaking
sunsets, golf course views, and a tranquil lakefront setting.
Mature cypress trees at the water's edge provide shade, while oaks
near the front add charm. Blue Lakes Estates offers exclusive
amenities, including a private boat ramp, tennis courts, five
waterfront parks, and a top-rated 9-hole golf course. Conveniently
located just an hour from Austin and 1.5 hours from San Antonio. An
active HOA with comfortable restrictions ensures the area's appeal
is well-maintained.
Unit Size
-
Days on Market
-
Land Size
1.59 acres
Price per sqft
-
Property Type
Land
Property Taxes
$870
HOA Dues
$25
Year Built
-
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 months ago (Unlock MLS #ACT5349221)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jan 20, 2025 | Listed by Horseshoe Bay Living 2, LLC | $1,300,000 | |
| Listed by Horseshoe Bay Living 2, LLC | |||
| May 20, 2019 | No longer available | - | |
| No longer available | |||
| Feb 7, 2019 | Listed by Keller Williams - Lake Travis | $385,000 | |
| Listed by Keller Williams - Lake Travis | |||
| | |||
|
This lot and the one next door are the best priced open water lots available on Lake LBJ. Investor is selling his 2 remaining lots at unheard of prices. This is a great opportunity to invest or build your dream lakefront home at a great price. Also across the street from the Blue Lake golf course. This lot can be purchased together with the adjacent Lot 322-A with a combined price reduction of $75,000.
| |||
| Feb 6, 2019 | No longer available | - | |
| No longer available | |||
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About Llano
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Listed by: Kale Stephens
Listed Office: Horseshoe Bay Living 2, LLC - Listing courtesy of Unlock MLS
Phone: (512) 550-3624
Last Updated: 2025-11-06 04:18:22
Data Source: Unlock MLS, MLS# ACT5349221
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Horseshoe Bay Living 2, LLC - Listing courtesy of Unlock MLS
Phone: (512) 550-3624
Last Updated: 2025-11-06 04:18:22
Data Source: Unlock MLS, MLS# ACT5349221
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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