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In a word: rare
I’ve only sold one riverfront lot in Georgetown and that sold in less than 30 days!
Well, here’s a unique opportunity that probably only comes around once a year, and even less as these lots get built on. First, let’s look at the value. At 3.72 acres and $150,000 - this lot is priced at just over $40,000 an acre! That’s a great price considering the only other 1+ acre lots you can purchase today, and be able to walk to the river from your home, start at $114,000 an acre – almost 3 times the amount!
This lot is very special because there is not only privacy in the back (due to the river ofourse), but also the front. You’ll notice in the survey and the map below that the current owner took great care to coordinate a shared driveway between all three lots to maximize privacy from the road as well as reduce the amount of unsightly concrete that would be needed for access. He also brought utilities to the potential build site…another cost savings to the future owner.
If you click on the icons, you’ll see pictures that correspond to that location. Make sure you click on the icon near the river to catch the great view! There’s also an older river view picture to show how high the water could be in a year where it actually rains! 2008 was a pretty dry year.
Stay tuned to this blog for more information. There is a top-notch local builder, Bagwell Custom Homes, that actually has a preliminary elevation and floor plan drawn out specifically to take advantage of trees, view of river, etc. on this lot! Ofcourse you could bring your own builder, but this is also another great opportunity to potentially save some money during the build-out process and work with a local custom builder who already has familiarity with this lot. The lot is located in Gabriel’s Overlook in the most private area of the community (towards the back). Access to Parmer Lane is less than 5 minutes away to the West; and Hwy 29 is a fast straight shot to I35 if your commute takes you East.
Elevation sketch of home for this lot.
Interested in this lot for your future dream home? Looking for a safe place to park your money? (riverfront or lots with a view historically appreciate the quickest) Feel free to contact me for the grand tour Want the latest updates on Georgetown Texas Real Estate, news and latest developments? Sign up for the blog by clicking the link below:
If you like the Gabriel’s Overlook neighborhood and my listing on 308 Oak Meadow is too much for the budget, here’s a lot that you can purchase and build a home that’s tailored to your budget and lifestyle. No time limit to build! Stunning hill country views, and a mini-forest of mature trees surrounds this 1+ acre lot to offer the next owner an unparalleled level of privacy.
Looking at homes in this price range can be overwhelming at times because there are so many choices. You can get a small, no-frills home in a high-end community, or buy a 10-acre estate out in the middle of nowhere to enjoy the sound of nothing but crickets. Well, luxury and privacy is nice, but having a sense of community is essential…Click here to view flier: Oak Meadow Flier Front.doc
Click here to view: Gabriel’s Overlook Sales Report
Click here to view: Gabriel’s Overlook: May 2007