$1,250,000
Accepting Backup Offers

1001 Lakeshore Loop

Tow, TX 78672
Browse 36 photos
Type:Purchase
Structure:Hotel
Zone:Commercial

Description

Ready to invest in your future and escape the hustle and bustle or big city living? The lakefront sunrises and sunsets at Paradise Point will enchant your senses like never before. This 1.97+/- acre waterfront property boasts over 733 feet of shoreline on Lake Buchanan with unmatched views. Live in the caretaker's home and generate income from the 2 cabins, 2 duplexes, 5-unit motel and apartment; there's even a café! Historically used as a fishing camp, the resort is quietly nestled at the end of the street and then expands to include the entire point on the lake. Water frontage ranges from tall rock ledges to a sandy beach, tree-lined to deep water. The Point provides serene panoramic views of the lake and surrounding hills. There's a lighted, covered fishing dock for you and your guests to catch their dinner and a minnow shed to house bait. The HOA is voluntary; membership allows access to the community boat launch, picnic area and swimming beach. Each unit varies on accommodations. Paradise Point Resort has operated as a family-run destination for over 50 years and has hosted multiple generations of repeating annual guests. Fishing, swimming, boating, lodging and camping are just some of the activities you'll enjoy. Local fishing guides frequent this area and tout the Point as one of the best kept secrets for reeling in crappie, bass, striper and catfish. Serve your guests breakfast at the café with the sunrise, then send them out for a day's fishing adventure with a sack lunch, then welcome them back in the evening for a nice dinner. Short-term rentals, multi-generational family compound, resort, AirBNB are all possibilities here. Whether you choose to continue running the fishing resort or develop it into your own dream property, you'll find your own little piece of paradise here!

  • Property Details
      • Utility FeaturesAbove Ground Utilities, Electricity Connected, Propane, Water Connected
      • FoundationPillar Post Pier, Slab
      • SubdivisionParadise Point
      • Sewer InformationSeptic Tank
      • ViewLake, Water
      • Original List Price$2,499,500
      • Property SubtypeHotelMotel
      • Property TypePurchase
      • MLS #2672602
      • Cost1250000
      • MLS #2672602
      • Acres1.9227
      • Utility SourcePublic
      • Property ConditionResale
      • CountyLlano
      • Year Built1958
      • Days on Market (Cumulative)738

Location

Terese SmithReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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