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16838 Ranch Road 2241 10 Unit Apartment Building For Sale Tow, TX 78672



Investment Highlights
- 875' of Lake Buchanan Waterfront
- Operating post Office On-Site
- 2.73 Acres
Executive Summary
875’ of Lake Buchanan Waterfront. 2.73 Acres. Driftwood Shores Resort — A Turnkey Lakeside Investment. Driftwood Shores Resort delivers scale, income, and irreplaceable Lake Buchanan frontage with 875’ of shoreline on 2.73 acres, complete with a concrete boat ramp, fishing pier, covered boat slips, and natural granite shoreline. This is a proven, guest-ready lakeside resort with 8 fully equipped cottages, 2 homes, a front office, leased post office, lakeside party barn, and multiple storage buildings — all positioned steps from the water. The waterfront is the star: direct lake access, covered slips (including oversized pontoon slip), easy launching, and a shoreline designed for swimming, fishing, boating, and full-throttle lake days. A picnic pavilion sits right at the water’s edge with tables, outlets, and big views — the perfect hub for guests. The party barn elevates the experience with concrete floors, kitchenette, central HVAC, and space for hosting gatherings or storing lake toys. Additional support buildings include a workshop, supply shed, tractor barn, and garden shed, giving you the infrastructure a thriving short-term rental resort demands. Each cottage offers its own layout and charm — from efficiency-style studios to multi-bedroom homes — all with kitchens, bathrooms, AC units, grills, picnic tables, and dedicated parking. Cottage 9 serves as a spacious residential-style unit, while Cottage 10 is mid-renovation and primed for a reimagined floor plan. The front office and leased post office add flexibility and supplemental income potential. With no municipal zoning or city restrictions, the property allows for creativity and expansion. Two lakeside firepit areas, a flagpole, propane tanks for multiple cottages, and abundant storage make operations streamlined and guest-ready. Whether you continue the long-standing tradition of Driftwood Shores Resort, expand its offerings, or re-envision the property entirely, this is one of Lake Buchanan’s most unique and high-value waterfront opportunities.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 10 | Lot Size | 2.00 AC |
| Property Type | Multifamily | Building Size | 8,017 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Single-Family Home | Year Built | 2000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 8,017 SF |
| No. Stories | 1 |
| Year Built | 2000 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Range
- Views
- Dock
- Lawn
- Patio
Site Amenities
- Waterfront
- Dock
- Lake Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 10+5 | 10 | - | 8,017 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14137 | Improvements Assessment | $247,470 CAD |
| Land Assessment | $158,505 CAD | Total Assessment | $405,975 CAD |
Property Taxes
Parcel Number
14137
Land Assessment
$158,505 CAD
Improvements Assessment
$247,470 CAD
Total Assessment
$405,975 CAD
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Presented by
The Lakefront Group
16838 Ranch Road 2241
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