46.26 Acres Enchanted Way Burnet, TX 78611

Stunning 46.26 Acres located in the beautiful Texas Wine & Hill country, very close to Perrisos and Hoover Valley Vineyards, and about 1 hr. from Austin. Completely cleared of all cedar, cactus, and brush, this Ag exempt land, currently being leased for cattle, has been super well maintained with improved coastal grass varieties. A splendidly beautiful elevated ridge traverses the property and makes for a great spot to build a Hacienda and capture enchanting views of the Colorado Arm of Lake LBJ, Packsaddle Mountain, and the famous Castle off of nearby Park Road 4, not to mention your own valley, perfect for a vineyard, an upscale RV park, or perhaps pecan, olive or fruit orchards. The land consist of deep rich sandy loam soil, is adorned with multiple stock tanks, 4 wells with 2 -2500 gal holding tanks, a windmill, and power poles ready to be re-activated for multiple uses. A Grandfathered LCRA irrigation water contract associated with the property provides 80 Acre feet of water per year. Wow, imagine the water feature possibilities! The current owner pays a small annual fee to the nearby HOA for lake access at the very nearby HOA park, yet this 46+ acres is not a part of the HOA and there are no restrictions or encumbrances. The property can be accessed from gates on both Enchanted Way, which is one street over from the lake, and Lovers Lane on the opposing end. Come out and view this unbelievable investment opportunity and let your imagination take you to new heights while enjoying LOW taxes.