3+Acre Property with Income Potential

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18203 Gregg Bluff
Jonestown, Texas 78645
  • Price: $799,000
  • Bedrooms: 2
  • Bathrooms: 2
  • Square feet: 1,858
  • Waterfront: yes

This property has massive multi-unit income property potential! 3 lots, each 1+ acre parcels all with gorgeous hill country and lake views rested high on the bluff of Lake Travis.  Lot 1 has a mobile/conventional “hybrid” home with 1100sq.ft.+ with a ton of updates , Lot 2 has a 600sq.ft.+ conventional cottage, Lot 3 is a raw lot with loads of potential and offers two different build sites. Instant income property producer. Rent properties 1 & 2 and build a home on lot 3. If more of a primary residence is what you are after, this property can be platted together into one big 3+ acre property.  So many options. This is a peaceful and unique residence, hidden away from the masses, surrounded by green space , mature trees and a park-like setting.  Free of HOA restrictions. It's a walkable, bike-friendly neighborhood.  The property is on city water, electric and septic and is outside the Austin ETJ. Each lot extends from the street to the water below (approx. 80ft down the bluff; not a deepwater property; seasonal) Jonestown Park is around the corner and it has a boat launch, beach, and playground. Arkansas Bend Park in Lago Vista is a short 10-minute drive and they offer seasonal park passes with a couple boat ramps.  Easy access to shopping & major employers. Jonestown to Cedar Park is approx. 10 minutes and about 15 minutes to North Austin, and 30 minutes to downtown Austin. Property addresses: *18113 Gregg Bluff raw lot *18203 Gregg Bluff manufactured home *18201 Gregg Bluff cottage property. 

 

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