$10,650,000
10107 Davy Crockett Dr, Dripping Springs, TX 78620
10107 Davy Crockett Dr, Dripping Springs, TX 78620
Crockett Canyon Estates presents a substantially advanced luxury residential development opportunity in the Texas Hill Country, offering a clear path toward delivery of 31 minimum one-acre homesites. The complete ±44.13-acre offering includes the ±39.13-acre core development tract, a separate ±5-acre Bear Creek tract, and significant Seller-funded offsite public-water infrastructure. Positioned for a low-density luxury custom and spec-home community, the project benefits from a Hays County Development Agreement, updated conceptual development and entrance plans, utility arrangements, permanent easements, and a revised developer pro forma. Unlike a typical raw-land acquisition, substantial development work has already been completed, allowing a purchaser to step into a project with many of the critical planning and infrastructure components already advanced. A major component of the offering is the 12-inch WTCPUA offsite public-water infrastructure, which is being delivered by the Seller and is included in the acquisition price—not treated as an additional remaining development cost. The required permanent waterline easements have been granted, and the offsite waterline is proceeding under the agreement with WTCPUA. The current contractor estimate anticipates approximately four months for construction, subject to change. Current projections estimate approximately $2.635 million in remaining horizontal development costs, with a base finished-lot assumption of approximately $440,000 per lot. The separate ±5-acre Bear Creek tract is also included in the offering and is conservatively valued at approximately $600,000. With 31 minimum one-acre lots, substantial entitlement and infrastructure work already completed or underway, and a luxury Hill Country positioning, Crockett Canyon Estates offers developers and builders the opportunity to acquire a significantly advanced residential project rather than starting from raw land. All development costs, finished-lot values, absorption assumptions, construction timelines, and projected returns are estimates provided for discussion purposes only and are subject to independent purchaser verification and due diligence.
Crockett Canyon Estates OM.pdf
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5901 OLD FREDERICKSBURG RD STE C-101, AUSTIN, TX 78749
5901 OLD FREDERICKSBURG RD STE C-101, AUSTIN, TX 78749
