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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 UPDATED | 6/11/2025 | TRACT | Greencastle |
|---|---|---|---|
| YEAR BUILT | 1969 | COMMUNITY | Greencastle |
| COUNTY | Burnet | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Marble Falls |
|---|---|
| Jr. High School | Marble Falls |
| High School | Marble Falls |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range, Refrigerator |
| AREA | BU |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | None |
| FIREPLACE | Yes |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s), Laminate Counters, Master Downstairs |
| LOT | 2.19 acre(s) |
| LOT DESCRIPTION | Gentle Sloping, Sloped Down, Waterfront |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 2 |
| SUBDIVISION | Greencastle |
| TAXES | 31939.19 |
| UTILITIES | Electricity Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Panoramic |
| WATER | Public |
| WATER ACCESS | Lake LBJ |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Lake Front, Waterfront |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Greg Gaynor, Fokus Waterfront
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 6/15/25 6:03 PM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.