Under Contract

1001 Lakeshore LOOP

Tow TX, 78672

$1,500,000


$125.26 per sqft

Under Contract

3 Beds

2 Baths

11,975 sqft

Residential

Built in 1958

Ready to invest in your future and escape the hustle and bustle or big city living? The lakefront sunrises and sunsets at Paradise Point will enchant your senses like never before. This 1.97+/- acre waterfront property boasts over 733 feet of shoreline on Lake Buchanan with unmatched views. Live in the caretaker's home and generate income from the 2 cabins, 2 duplexes, 5-unit motel and apartment; there's even a cafe! Currently used as a fishing camp, the resort is quietly nestled at the end of the street and then expands to include the entire point on the lake. Water frontage ranges from tall rock ledges to a sandy beach, tree-lined to deep water. The Point provides serene panoramic views of the lake and surrounding hills. There's a lighted, covered fishing dock for you and your guests to catch their dinner and a minnow shed to house bait. The voluntary HOA allows access to the community boat launch, picnic area and swimming beach. Each unit varies on accommodations. Paradise Point Resort has operated as a family-run destination for over 50 years and has hosted multiple generations of repeating annual guests. Fishing, swimming, boating, lodging and camping are just some of the activities you'll enjoy. Local fishing guides frequent this area and tout the Point as one of the best kept secrets for reeling in crappie, bass, striper and catfish. Serve your guests breakfast at the cafe with the sunrise, then send them out for a day's fishing adventure with a sack lunch, then welcome them back in the evening for a nice dinner. Short-term rentals, multi-family compound, resort, AirBNB are all possibilities here. Whether you choose to continue running the fishing resort or develop it into your own dream property, you'll find your own little piece of paradise here!

2938344

MLS ID

July 11, 2023

Listed

May 8, 2024

Updated

Map

1001 Lakeshore LOOP
Tow TX, 78672

Interior Features

Bedrooms

3


Total Bathrooms

2


Interior Features

Eat-in Kitchen, No Interior Steps


Appliances

Free-Standing Electric Oven, Refrigerator


Floor Description

Carpet


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Electric, Wall/Window Unit(s)


Heating

Yes


Heating Description

Electric, Varies by Unit

Exterior/Building Features

Lot Size

1.92 Acres


Exterior Features

See Remarks


Lot Features

Open Lot, Trees-Large (Over 40 Ft), Views


Roof

Aluminum


Sewer

Septic Tank

School Information

School District

Burnet ISD


High School

Burnet


Elementary School

Burnet

Other Property Details

Area Name

LL


Association Fee

$60


Association Fee Frequency

Yearly


Garage

No


Parking

Boat, Carport, Circular Driveway, Direct Access, Parking Lot, Unpaved


View

Yes


View Description

Lake, Panoramic, Water


County

Llano


Water Source

Public


Pool

No


Pool Features

None


Waterfront

Yes


Lakefront

Yes


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

5/7/2024

Under Contract

2/15/2024

Price Change

$1,500,000

-15%

7/24/2023

Price Change

$1,750,000

-13%

7/12/2023

Price Change

$1,999,999

900%

Courtesy of Keller Williams Realty Lone St

Listing Contact: (512) 868-1771

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 8:04 PM UTC, 5/8/2024

 

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