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  • DESCRIPTION

    Drastic Price Drop: This 7.5 acre lake resort has approx. 510 ft of beautiful waterfront on the local favorite, Lake LBJ, the only true constant-level lake in the Highland Lakes chain. One of the most popular Vacation Resorts in central Texas. Rentals galore!! Each of the (21) RV spaces have 4-way hookups w/ 30 & 50 AMP electricity, septic, water, cable TV, phone jacks. Also includes seven 1-bedroom cabins. The three 2-bedroom condos can sleep up to 7 people. The nine 1-bedroom condos sleep up to 4 people. The private balcony at the rear of the condos overlooks the lake & is shaded by pecan trees. Also, like the rest of the rentals the two lake houses are completely furnished. The smaller sleeps 2 & the large one sleeps 8 people. The Lodge is perfect for large groups, seating up to 75 people. It has 5 separate motel style rooms equipped w/ full bath/shower (one handicap accessible) & can accommodate up to 24 people. Amenities include: Swimming pool, mini-golf course, game room w/arcades & pool table, shuffleboard, (2) laundry rooms, (2) Shower/bathroom, (2) playgrounds, grass volleyball court, fishing dock, (8) boat slips and (3) jet ski ramps to round out the lake activity fun. The park also has a private home as well as an office on-site. The premises have (9) septic tanks, (7) water meters, (19) PEC meters. Main water source is River Oaks Water System. LCRA-provided irrigation for grass for minimal cost per year. Survey available 5/6/22. Current owner willing to train for (2) weeks prior to closing. Adding to the value, the property has been approved for a Grandfathered Marina Facility. Continue operating as a full service park offering year-round accommodations or let your imagination take over as the possibilities are limitless for this property. https://www.heartoftexaslakeresorts.com

    KEY DETAILS
    • Price:
    • $6,000,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 9
    • Acreage:
    • 7.91
    • Year Built:
    • 1978
    • MLS #:
    • 7422877
    • Street Address:
    • 408 Clen Oak Pkwy
    • City:
    • Burnet
    • State:
    • TX
    • Postal Code:
    • 78611
    • County:
    • Burnet
    • Area:
    • Bu
    • Subdivision:
    • Clen Oak Parkway
    • Listing Status:
    • For Sale - Active Under Contract

    Building

    • Building Condition:
    • Resale
    • Construction Description:
    • Blown-In Insulation, Brick, Block, Frame, Glass, Hardiplank Type, Masonry, Masonite, Metal Siding, Concrete, Stone, Vinyl Siding
    • Features:
    • Floor Drain(s), Living Area, Meeting Room(s), Private Restrooms, Public Restrooms, Shower(s), Storage
    • Flooring:
    • Carpet, Concrete, Laminate, Linoleum, Parquet, Tile, Vinyl
    • Foundation:
    • Pillar/Post/Pier
    • Leasable Square Feet:
    • 98
    • Stories:
    • 2
    • Total # Of Buildings:
    • 15
    • Total Building Square Footage:
    • 9
    • View:
    • Lake, River
    • Year Built:
    • 1978
    • Year Built Source:
    • Owner

    Business

    • Business Type:
    • Hotel/Motel
    • Operating Expense:
    • 400000

    Documents

    • Documents On Hand:
    • Aerial, Deed Restriction, Financials, Profit/Loss Statement, Rent Rolls, Survey

    Land

    • Existing Land Use:
    • Commercial
    • Lot Size:
    • 7.913
    • Road Type:
    • Asphalt
    • Topography:
    • Varied

    Listing

    • Contingency Type:
    • Financing, Title
    • Days On Market:
    • 26
    • On Market Date:
    • 2022-04-01
    • Originating Mls:
    • Actris
    • Property Disclosures:
    • See Remarks
    • Restrictions:
    • Deedrestrictions, Easements
    • Terms:
    • Cash, Lender Approval, Sbatypeloan

    Location

    • Subdivision:
    • Clen Oak Parkway

    Money

    • Tax Year:
    • 2021

    Rooms

    • Laundry:
    • Washer Hookup, Dryer Hookup, Electric Dryer Hookup

    Rules

    • Horses Allowed:
    • Yes

    Structures

    • Parking Description:
    • Additional Parking, Boat, Carport, Direct Access, Driveway, Guest, Gravel, Lighted, On Site, Parking Lot, Rvcarport, Rvaccessparking, Unpaved

    Systems

    • Existing Water:
    • Private
    • Has Central Air Conditioning:
    • Yes
    • Heating:
    • Central, Electric, Varies By Unit
    • Sewage Type:
    • Septic Tank, See Remarks
    • Utilities:
    • Above Ground Utilities, Electricity Available, Natural Gas Available, Propane, Underground Utilities

    Source

    • Listing Provided By: Schaible Realty

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