This is a great investment opportunity on Lake Brownwood in the Deep Water Estates gated community. The property features lots 1 and 2 of the subdivision for a total of 6.801 acres with great deep water lake frontage. The 2900 sq ft rock home sits on the bluff over looking the lake with concrete walk winding down the bluff to the floating dock and boat slip. This is an estate property that has been vacant for some time and is needing renovation to the house, dock and grounds. It is priced at the tax appraisal value which is considerable less than market value leaving plenty of room for renovations and end up with a great lake front property or flip it for a profit. It is in an HOA with mininmal annual dues and light restrictions. Motivated seller willing to consider all offers.
Take Fm 2125 out of Brownwood, turn rt on Spillway Road, enter Deep Water Estates, go across the lake spillway and property is on the left as you go up the hill, the entrance is around the bend at the top of the hill on the left.