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26752389
27189720

518 Country Road 1403, Lometa, TX 76853

DF
TX TX691654
Fisher Advisors
Listed by Fisher Advisors
$1,587,500
278 days on market
Updated 73 days ago

Vineyard Community (55) 1-acre lots - Seller Finance

Details
Property Type Land
Sub Type Residential
Pro-Forma Cap Rate 26.83%
Pro-Forma NOI $425,898
Price Per Acre $21,598
Acreage 73.500
Ownership LLC

Vineyard Community Development Opportunity - Perfect for Age Restricted

Marketing description

100% ownership interests in approximately 73.5 acres of undeveloped land for $1,587,500. The subject development investment consists of 73.5 “view acres” sitting atop a mesa approx. 100’ above the adjacent Country Road 1403 in Lometa, TX, Lampasas County and is being proposed as a “vineyard community” development of 55 one-acre estate lots nestled within an area originally consisting of 123 acres that will be divided into two separate parcels. One of approximately 50 acres that has an operating winery and vineyard know as Stoneledge that was established in 2017. With the remaining 73± acres devoted to the vineyard community development. (The adjacent winery is also available –contact broker for information.) 100% mineral rights will transfer with the sale to the new owner.

Stoneledge Winery established in 2017 has won many medals for its viticultural excellence including a Platinum for its Malbec and Double Gold for its Sangiovese 2019

The winery & vineyard operation would compliment the vineyard community by managing and harvesting the community’s grapes that would be grown in small quantity on 60% to 75% of the estate lots (see page 21). The 1-acre lots would set aside approx. 300 SF to 500 SF for frontage micro-vineyards that would be purchased in bulk by the winery which would help in keeping HOA costs low. The property is noted for its wonderful wildlife, exceptional views and stunning oak tree canopy.

Ideal Age Restricted Community

Investment highlights

•52+% IRR

•3 to 4-Year Exit

•3-Phase Electrical & Public Water to Site.

•In-Place Winery

•40 Cultivated Acres

•Adjacent to Operating Winery & Vineyard

•Beautiful Countryside

•Seven Grape Varietals (2 Noble)

•100% Location

•Easy Airport Access

Listing Contacts

DF
TX TX691654
Fisher Advisors
Listed by Fisher Advisors

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Additional Information

Name
David Fisher
License
TX 691654
Brokerage
Fisher Advisors
Brokerage Phone
936-320-3737
Title
Broker of Record
Brokerage Address
21 Waterway Avenue, Ste 300 The Woodlands TX 77380
Name
DAVID FISHER
License
TX691654
Brokerage
Fisher Advisors LLC
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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