A generational waterfront opportunity, the Lighthouse on Lake Buchanan sits on the main basin of the largest body of water in the Highland Lakes chain. The property features over 3,600 feet of open waterfront situated on +/- 22.78 acres. Gently sloping terrain descends slowly to the water's edge, dotted with hundreds of heritage Live Oaks and wildflower meadows filled with native species. The estate contains over 2,000 feet of solid brick and metal fencing along State Highway 29 along with four gated entry points with electronic openers. The shoreline is protected by an engineered concrete bulkhead wall that runs the entire 3,600 feet of waterfront. In addition to its iconic red and white lighthouse, the property offers 16 existing bungalows with a mix of stone exteriors and metal roofs, a swimming pool with spa, a clubhouse, fixed pier with dock, four concrete boat ramps, sand beach, a laundry facility with professional grade equipment and 3 metal storage warehouse buildings with roll-up doors. The property is directly adjacent to LCRA's dam control operations and enjoys the utmost privacy and seclusion. The main basin of the lake quickly drops to 45', 60' and then 100'+ just beyond the end of the points. In addition to the existing structures, subdivision opportunites exist as well as the ability to add boat docks along the two peninsulas. The property is served by an existing municipal water line and electric utility service.
The Lighthouse is conveniently situated at the south end of Lake Buchanan directly along Highway 29. Downtown Austin is a mere 1 hour 15 minutes, Lakeway 1 hour and Leander / Cedar Park are 45 minutes. The Burnet airport is 15 minutes away and golf and private airports are available at Horseshoe Bay in less than half an hour. Spider Mountain, the only lift served mountain bike park in Texas, is within 15 minutes, as is Torr Na Lochs winery, multiple restaurants and two HEB grocers (1 in Burnet and the other in Kingsland). Breweries, shopping and festival opportunities lie in downtown Marble Falls just 25 minutes away.
The Lighthouse on Lake Buchanan is one of the premier waterfront opportunites in the Highland Lakes region. Contact us for a private tour today!
The property is being offered for sale as 4 individual parcels or as assemblage:
Parcel 1
- +/- 5.5 Acres
- Lighthouse
- 1 Bedroom 1 Bath Limestone home with metal roof
- Concrete boat ramp
- Gated access
Parcel 2
- +/- 4.5 Acres
- Large mature oaks
- Metal building
- Concrete boat ramp access to be shared with Parcel 3
- 1 Bedroom 1 Bath Limestone home with metal roof
- Gated access
Parcel 3
- +/- 7 acres
- Clubhouse building with full kitchen and one bedroom apartment
- Two separate meeting rooms adjacent to clubhouse
- Covered outdoor deck and BBQ area
- Swimming pool
- Pool house with full kitchen and bath and bunkbeds with wrap around porch
- Fixed metal pier with dock
- Sand Beach
- Limestone bungalow with covered porch behind cove
- Western red cedar playground
- Shared boat ramp access with Parcel 2
- Gated access and fully fenced along highway
Parcel 4
- +/- 6.1 acres
- 12 lakefront bungalows with mixed exteriors and metal roofs
- 2 metal warehouse storage buildings with roll-up doors
- Metal building with professional grade laundry mat
Assemblage
- Mixed use capability
- Site plan and architectural drawings available. Inquire for details
Important Details About the Property:
Septic
- Septic systems are working, but are non-compliant with current LCRA 200' setback requirements. Some, but not all, drainfields may need to be relocated in the event of remodel or to transfer the operating permit.
- LCRA requires new systems to have their drainfields at least 200' from the 1020' contour (approximately the bulkhead wall).
Redevelopment potential
- Property may be subdivided
- Property is not zoned
- Property has no deed restrictions
- Llano County and LCRA have jurisdiction for development permits
- Corix LCRA waterline currently exists along the frontage and had additional capacity to add service. Buyer should verify with utility.
- There are presently about 15 taps existing on the property served by municipal water
- Irrigation permits may be available to irrigate landscaping from the lake, subject to LCRA approval process
- Boat docks may be added and depth charts show the water is 45' - 60'+ deep not far off the ends of the peninsula
- Current lake elevation as of 6/1/23 is approximately 1,002'. The full level is 1,016 - 1,018. The average daily water level in the lake since 1990 is 1010.7'.
Renovation Potential
- Existing structures are in sound structural condition
- Metal roofs and limestone exteriors on most houses
- A few structures have asbestos siding and may have asbestos materials due to the time period when they were constructed.
- Seller has no knowledge of lead paint
Additional Info
- Property is fully fenced with electric gate openers along State Highway 29
- Low 1.46% property tax rate
- Electric on property provided by Central Texas Electric Co-Op
- Municipal water provided by Corix
- Property is located in a qualified Opportunity Zone offering significant tax advantages. Inquire with your CPA or qualified tax professional for additional details.
Location
- Downtown Austin - 1 hr 15 min
- Leander and Cedar Park - 45 minutes
- Lakeway - 1 hour
- Downtown San Antonio - 1 hr 50 min
- HEB - 15 min to Kingsland, 16 min to Burnet
- Multiple restaurants and eateries - 15 minutes
- Torr Na Lochs Vineyards - 9 min
- Horseshoe Bay Golf and Airport - 33 min
- Burnet Airport - 17 min
- Spider Mountain Bike Park - 16 min
Disclosures:
- Principal Members of the of property ownership entity are licensed real estate brokers in the state of Texas. Agent holds an ownership interest in the property.
