- 3 beds
- 2 baths
- 2,112 sqft
- ~2 acre lot
- $1,775 per sqft
- 1969 build
- – on site
This rare 2.19-acre lakefront property offers a once-in-a-generation opportunity on Lake LBJ! With 311' of wide open cove frontage, the setting is ideal for swimming, paddleboarding, fishing, or simply enjoying peaceful lake views. The existing 3-bed, 2-bath home offers comfortable living as-is and could serve as a base for your dream build or family compound. There's a covered carport, dedicated storage for lake toys, and ample room to expand — including space for a pool or multiple new builds. Zoned to allow short-term rentals, this property presents unique investment and redevelopment potential, with access from three separate roads (Castlehigh Dr, Mallard Point, and N Shorewood Dr). With the ability to develop 3 to 4 lake homes, it’s the perfect setup for a private family estate or boutique rental retreat. Lakefront properties with this much acreage and flexibility are almost unheard of—don't miss the chance to create something truly special, a legacy-level investment on Lake LBJ!
Last checked:
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Last updated Jun 11, 2025
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MLS# 9015150 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1969
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New Construction:false
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Roof:Composition
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Foundation:Slab
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Exterior Features:None
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Accessibility Features:None
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Patio And Porch Features:Covered
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Window Features:Aluminum Frames
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Levels:Two
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Direction Faces:NW
Interior
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Interior Features:Ceiling Fan(s)
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Living:1
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Dining:1
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Flooring:Carpet
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Fireplace:None
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Fireplaces Total:2
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Laundry Location:Laundry Room
Room Dimensions
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Living Area:2112
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Living Area Source:Public Records
Financial & Terms
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Possession:Close Of Escrow
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Restrictions:None
Location
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Latitude:30.600089
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Longitude:-98.389616
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Directions:take N Phillips Ranch Rd and turn right on W Greencastle Dr. Turn right on Castlehigh Dr and the road leads right into the property
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Parcel Number:17785
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Property Condition:Resale
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Other Structures:Shed(s)
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Lot Features:Gentle Sloping
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Lot Size Acres:2.19
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Lot Size Area:2 Sqft
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Lot Size SqFt:95,396 Sqft
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SqFt Total:2,112 Sqft
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View:Lake
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Waterfront:true
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Waterfront Features:Lake Front
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Water Body Name:Lake LBJ
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Horse:false
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Additional Parcels:false
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Fencing:Partial
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FEMA Flood Plain:Partial
Listing Agent
- Contact info:
- Agent phone:
- (512) 627-3779
- Office phone:
- (512) 627-3779
Taxes
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Tax Annual Amount:$31,939.19
Beds
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Beds:2
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Bedrooms Total:3
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Main Level Bedrooms:1
Baths
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Total Baths:2
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Total Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:Standard
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Listing Terms:Cash
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Occupant Type:Vacant
Heating & Cooling
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Heating:Central
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Cooling:Ceiling Fan(s)
Utilities
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Utilities:Electricity Connected
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Sewer:Septic Tank
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Water Source:Public
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Electric On Property:true
Appliances
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Appliances:Electric Range
Schools
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Elementary School:Marble Falls
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Elementary School District:Marble Falls ISD
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Middle School:Marble Falls
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Middle School District:Marble Falls ISD
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High School:Marble Falls
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High School District:Marble Falls ISD
The Community
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Subdivision Name:Greencastle
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Community Features:Park
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Pool Private:false
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Pool Features:None
Parking
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Parking Features:Carport
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Garage:false
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Attached Garage:false
Monthly cost estimate

Asking price
$3,750,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$20,080
|
Taxes | $2,661 |
Insurance | $1,031 |
Utilities | $194 See report |
Total | $23,966/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.