The Lake LBJ Real Estate blog
I am often asked about Short-term rentals (STRs) on Lake LBJ. What many people do not realize is that most of Lake LBJ restricts STRs and the areas that actually allow them are few and far between. Most of Kingsland allows STRs as Kingsland is not a municipality and the area is only governed by the county who does not regulate such uses. There are a few areas, enclaves and subdivisions in which STRs are specifically deed restricted or prevented by rules or regulations of a neighborhood or home / property owner’s association (HOAs).
The City of Horseshoe Bay does not restrict STRs however there are some HOAs that specifically restrict. Sunrise Beach, for example, has a different rule which states that a homeowner cannot rent to more than one tenant in a 30 day period. In my understanding of the rule it is that a particular homeowner could rent to a tenant for 1 day or 30 days he just would not be able to rent to another tenant for another 30 days. Most people see this as a rule allowing monthly rentals and you see some of that going on in Sunrise Beach. It should also be noted that what is true now may not be true in the future as rules can change.
Each property owner has a different motivation and so whether or not short term rentals are allowed is up to the property owner and their specific uses for the property. For example, some property owners purchase a property strictly to rent out as an investment opportunity, while others will use rentals only to off set some holding costs associated with the property. Still others, do not want renters next door to their luxury vacation home and seek areas that disallow STRs altogether.
Depending on where you fall on the spectrum its important to understand what a particular property allows and disallows and how that might change in the future. Its important to work with a trusted real estate broker on Lake LBJ that can help you navigate through your property purchase. Contact me, Eric Carvajal today at (512) 786-1515 for assistance with short term rentals on Lake LBJ or any other Lake LBJ real estate needs you may have. I look forward to hearing from you!
Check out our newest listing on Lake LBJ in my favorite neighborhood Blue Lake Estates.
205 Beaver Circle Horseshoe Bay, Texas 78657
- 3 bedroom, 3 bathroom + 2 living rooms
- 2210 sq ft, fully renovated
- 81 south facing waterfront feet
- New boat dock with electric lift
- Multiple decks and outdoor living areas
If you have ever considered purchasing Lake LBJ Real Estate give me a call today at (512) 786-1515
If you are in the market for an affordable lake house that offers everything you need for year around enjoyment but won’t break the bank I have the perfect opportunity. Details below.
517 E Briarway in Granite Shoals
- 3 bed, 3 bath with two living rooms and approx 2096 sq ft.
- Two lots + 3rd septic lot and a total of 100 waterfront feet
- Over-sized teak deck and lots of outdoor living
- Boat dock with electric lift plus two waverunner lifts
Contact me at (512) 786-1515 to schedule a showing or for more assistance with waterfront property on Lake LBJ
The Carvajal Group LLC
If you are in the market for a prime waterfront tract on Lake Lake LBJ I have a great opportunity that you won’t want to miss! Below are a few details on the property:
2805 W Belaire in Granite Shoals
- 4 bed, 2 bath, approx 2364 sq ft built in 1970
- Approx 192 waterfront feet, east-facing with Granite bottom, ideal for swimming and recreation
- Two-stall boat dock with Trex decking
If you or someone you know is interested in looking at this property or assistance with Lake LBJ Real Estate please give me a call at (512) 786-1515
Attention all contractors, entrepreneurs, investors and small business owners in the Lake LBJ area: Are you tired of paying rent? Ready to start building equity through real estate? Our newest listing in the Highland Lakes is prime commercial property with great frontage and visibility on FM 1431 in between Marble Falls and Kingsland in Granite Shoals. This .86 acre tract features two large metal buildings, previously used as a tire repair shop and offers a ton of opportunity with endless possibilities. This property has a active water well, which new wells are no longer allowed to be drilled in the city limits adding to its value.
This excellent commercial property is listed at $125,000 and would be a good investment for any business owner working in or around the Lake LBJ real estate market. Contact me at (512) 786-1515 for more information – Eric Carvajal TREC#0551482
The 2900 Bridge in Kingsland, Texas is now under construction and TxDOT is inviting you to the groundbreaking ceremony this Friday Novemeber 9th at 11am. The ceremony will take place on the north side of the Llano river arm of Lake LBJ. If you plan on attending they are asking you to please RSVP through email at Bradleywheelistxdotgov Below is a link to the invitiation
If you have questions about your Lake LBJ real estate value after this historic flood or need assistance cleaning up or rebuilding do not hesitate to reach out at (512) 786-1515.
Many people have been asking what I foresee in the Lake LBJ real estate market, after the historic flood. While the flood significantly damaged many properties on the lake I don’t believe you will see a big dip in the value of Lake LBJ Real Estate and here is why:
1. Most, if not all, recently built properties on Lake LBJ did not flood. These homes were built based on the most recent flood map update and were built to current flood specifications so these homes were not effected
2. Properties that did flood were properties that were known to have a real flood risk. I have spoken to many owners that did not carry flood insurance on these properties and gave the reason of the high cost to not carry. This high cost is high because of the fact that there was and is a significant flood risk. There may be a few opportunities in this category for flooded properties but if the properties are not taken into current flood standards its hard to believe they will be good investments. If a particular property has the main living areas elevated and only had a flooded basement that was built to withstand the flood then there is not much to worry about and these are still great properties although flood coverage wont be cheap.
3. For older homes that have the top of the finished flood below the base flood elevation these homes likely need to be torn down. In most cases the county is going to require them to be rebuilt/relocated on higher ground and any properties not brought up to current flood standards will be hard to insure. These are the properties that incurred the most damage but most of these homes lie on prime waterfront properties and they won’t sell below land value. There are many investors in the market place for good pieces of develop-able land so these properties will be in high demand
So where then does the opportunity lie? I believe the best option for buying a good deal on Lake LBJ will be to focus on non-flooded properties that have been on the market for a long time. In some cases (not all) owners will be ready to “Move on” and negotiate aggressively to get a deal done. The sellers are happy to have escaped the flood but felt the pressure and wont to remove the potential risk from their portfolio. In a second home market its rare that anyone is broke given the strength of the economy so I don’t expect all sellers to be motivated but I encourage buyers to hire the LBJ Expert (ME!) so I can help you capitalize on this opportunity. In fact I have a few potential targets as we speak.
As for prime, non-flooded properties – In my opinion these homes just had their value proved. Homes built on high ground will be more valuable then flooded homes and for anyone that had a worry about flooding we now have real, relevant information hat shows which properties are safe and which are not.
If you have questions about the market or would like to discuss the current opportunities for Lake LBJ real estate give me a call at (512) 786-1515. Hope to hear from you soon!