$499,990

This 5-acre residential lot has direct Colorado River access about 10 miles north of Lake Travis. Chimney Cove Estates is a gated development featuring large lots, beautiful new homes, and an agricultural valuation for low property taxes – all less than 20 minutes to Marble Falls, 40 minutes to Cedar Park-Leander, and an hour to Austin. This subdivision is a well-maintained live oak savannah dotted with several varieties of oaks, scattered juniper, native grasses, and wildflowers. The subject lot has great brush diversity with a relatively open understory sporting elbowbush, agarita, prickly pear, tasajillo, and yucca. The land slopes softly from Chimney Cove Drive to the second bank of the Colorado River. There are no improvements on the lot. The community has gated entry, paved roads, and electrical. Well and septic required.