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451 FM 306 - 451 FM 306 11.25 Acres of Residential Land in New Braunfels, TX 78130
Investment Highlights
- Impact fees locked at 2008 rates, reducing total water and wastewater fees to just $317,587 for 256 units versus $3.29M at current rates
- MU-B-AH zoning supports 256 units at 22.8 units per acre across a mix of 1BR/1BA (66%) and 2BR/2BA (34%) product
- Over $458,000 in Phase I infrastructure is already delivered, including a common entry road, detention ponds, water line extension, storm drain, elec.
Executive Summary
A rare entitled multifamily opportunity in one of Texas's fastest-growing markets. This ±11.25-acre site is zoned MU-B-AH (High-Intensity Mixed-Use) and approved for 256 units, with impact fees grandfathered to 2008 rates — delivering nearly $3 million in cost savings compared to current fee schedules.
Located along FM 306 with immediate access to I-35, the site sits at the center of New Braunfels' explosive growth corridor, surrounded by major retailers, top-rated Comal ISD schools, and transformative master-planned communities including the 1,900-acre Mayfair development. Water and sewer are already to the site, and over $458,000 in Phase I infrastructure is in place.
With a 2026 population estimate of 90,000+ within 5 miles, a 26% five-year growth projection, and average household incomes exceeding $117,000, demand fundamentals are exceptional.
Contact: Zack Shepherd | zack.shepherd@dmre.com | 214.842.9654
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 11.25 AC |
| Zoning | MU-B-AH - MU-B-AH (High-Intensity Mixed-Use District) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 11.25 AC |
| Zoning | MU-B-AH - MU-B-AH (High-Intensity Mixed-Use District) |
1 Lot Available
Lot
| Lot Size | 11.25 AC |
| Lot Size | 11.25 AC |
±11.25-acre site is zoned MU-B-AH (High-Intensity Mixed-Use) and approved for 256 units, with impact fees grandfathered to 2008 rates
Description
451 FM 306 is an entitled multifamily development site situated on approximately 11.25 acres in the heart of New Braunfels, Texas. Zoned MU-B-AH (High-Intensity Mixed-Use District), the site carries approved entitlements for 256 apartment units across a mix of one- and two-bedroom floor plans, offering a developer a clear, low-friction path to construction. The property's most compelling attribute is its grandfathered impact fees, established in 2008 and representing nearly $3 million in savings relative to current New Braunfels fee schedules. Combined with over $458,000 in Phase I infrastructure already in place — including a common entry road, detention ponds, water and storm drain extensions, and electric — a buyer acquires a site with significant embedded value from day one. Positioned directly on FM 306 with convenient access to Interstate 35, the site benefits from exceptional visibility and connectivity along one of Central Texas's highest-growth corridors. New Braunfels Utilities serves the property, with water and sewer already extended to the site. The surrounding trade area is anchored by a dense retail ecosystem including HEB Plus, Buc-ee's, Target, Best Buy, and TopGolf, all within close proximity. The site falls within the highly regarded Comal ISD, served by Oak Creek Elementary, Canyon Middle, and Canyon High School — a meaningful amenity for prospective renters. A 2025 tax rate of 1.79% rounds out an already attractive cost basis. With New Braunfels ranked among the fastest-growing cities in the United States and major catalysts — including the 1,900-acre Mayfair master-planned community, FM 306's expansion to four lanes, and a wave of new commercial openings — this site represents a well-positioned, execution-ready opportunity in one of Texas's most dynamic submarkets.
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451 FM 306 - 451 FM 306
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