Investment Overview

Marcus & Millichap is pleased to offer for sale the 81.4-acre mixed-use development on Lake Marble Falls, located at 508 Ridge View Drive in Cottonwood Shores, Texas. Situated off Wirtz Dam Road (part of a planned reconstruction including the bridge)) and Ridge View Drive, this fully entitled development between Marble Falls and Horseshoe Bay features a mix of RV resort, multifamily, and commercial components, with approximately 370 feet of frontage on Lake Marble Falls and access to Lake LBJ. The property is also just five minutes from five premier golf courses. Texas' population is projected to grow from 30.5 million to 54.4 million by 2050, with 86 percent concentrated in the Texas Triangle, driving demand for quality residential and recreational properties. The site is 48 miles northwest of Austin, benefiting from its proximity to one of the fastest-growing metro areas and Texas' strong economy, ranked #1 for business for 20 years and home to the 8th largest economy globally. The approved plan includes 409 RV pad sites and up to 115 townhomes or multifamily units, with RV resort components designed for glamping and modular homes, pending city approval. City water and sewer access are secured, with infrastructure supported by a $15 million reimbursement through a Public Improvement District (PID) and an annual reimbursement for 30 years from a Tax Increment Reinvestment Zone (TIRZ) that will reimburse anywhere from $290,000 for just the RV resort to a total of around $500,000 once the project is fully developed, enhancing long-term viability and investor returns. A three- to four-acre town square will provide commercial opportunities, benefiting both the property and the surrounding community while generating additional revenue. The RV park's design also accounts for floodplain resilience, positioning it as a premier RV resort in Texas, supported by the region's mild winters and access to Austin's expanding metropolitan market.