tomo logo

$1,250,000

Beds
3
Baths
2.0
sq ft
11,975

1001 Lakeshore Loop, Tow, TX 78672

1001 Lakeshore Loop

Tow, TX 78672

  • Pending
    • Price drop $250,000↓
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 café! Historically 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 HOA is voluntary; membership 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 café 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-generational 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!

Details

Property type

Lot size

1.9227 acres

Price per sq ft

$105

Year built

1958

Annual property taxes

$8,495

Monthly HOA fee

$5

Price History

09/12/2024
Austin

Austin #2938344

Pending
$1,250,000
07/20/2024
Austin

Austin #2938344

Price change
$1,250,000
-16.67%
05/31/2024
Austin

Austin #2938344

Listed
$1,500,000

Schools & Community

Elementary school: 

Burnet

Middle school: 

Burnet (Burnet ISD)

High school: 

Burnet

Community features: 

Lake

High school district: 

Burnet ISD

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Status: Pending/Under Contract

Tomo last checked: 09/19/2024 at 7:40 PM

Listing updated: 09/12/2024 at 4:46 PM

Listed by: Jennifer Haines, Keller Williams Realty Lone St Phone #: (512) 868-1771

MLS: Austin #2938344

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