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For sale
  • Price cut: $100K (7/27)
    $995,000

    1220 Nora Lane, Kingsland, TX 78639

    --beds
    --baths
    7,883sqft
    : 
    $6,653/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 2022
    -- sqft lot
    $-- Zestimate®
    $126/sqft
    $-- HOA

    What's special

    Private backyardsLuxury vinyl plank flooringAmple parkingQuartz countertops
    Exceptional income-producing investment in the heart of Kingsland, just minutes from Lake LBJ and the renowned Kingsland Slab. This turnkey portfolio includes three duplexes built in 2022 plus one single-family residence fully renovated in 2022, offering a rare combination of newer construction, strong occupancy, and low-maintenance ownership. The property is 100% occupied and generates consistent rental income. Each duplex offers approximately 2,000 square feet and features two spacious 2-bedroom, 1.5-bath units with private backyards, ample parking, luxury vinyl plank flooring, quartz countertops, and durable Hardie siding designed for long-term, low-maintenance performance. The included single-family home spans just under 2,000 square feet and features 2 bedrooms and 2 bathrooms, providing additional rental flexibility and income diversification. Current duplex rents range from $1,300 to $1,400 per month, and all properties are serviced by KMUD sewer, Kingsland Water, CTEC electric, and Vyve high-speed internet. Investors will appreciate the low 1.23% tax rate and location within Llano Independent School District, a district recognized with an “A” accountability rating. Whether you're looking to expand an existing portfolio or acquire a stabilized, cash-flowing asset in one of the Texas Hill Country’s most desirable lake communities, this offering presents a compelling investment opportunity with immediate income and long-term upside.
    50 days
    |
    95
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dana L Yarter 512-755-1355,

    RE/MAX of Marble Falls,

    Jordan Vann 830-613-6388,

    RE/MAX of Marble Falls

    Source: HLMLS as distributed by MLS GRID,MLS#: 178274MLS Logo

      Facts & features

      Interior

      Heating
      • Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Range, Refrigerator, Washer Hookup, Electric Water Heater
      Features
      • Flooring: Vinyl
      • Has fireplace: No
      Interior area
      • Total structure area: 7,883
      • Total interior livable area: 7,883 sqft

      Property

      Features
      • Waterfront features: No
      Lot
      • Size: 1.4 Acres
      • Dimensions: 150 x 400
      Details
      • Parcel number: 041495
      • Special conditions: In Foreclosure

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Wood Siding, HardiPlank Type
      • Foundation: Pier & Beam, Slab
      • Roof: Composition,Metal
      Condition
      • Year built: 2022

      Community & HOA

      Community
      • Subdivision: Royal Oaks Est
      Location
      • Region: Kingsland

      Financial & listing details

      • Price per square foot: $126/sqft
      • Tax assessed value: $326,720
      • Annual tax amount: $3,960
      • Date on market: 6/7/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/27/2026Price change$995,000-9.1%$126/sqft
        Source: Unlock MLS #4123608 Report a problem
        6/9/2026Listed for sale$1,095,000-17.4%$139/sqft
        Source: Unlock MLS #4123608 Report a problem
        1/17/2025Listing removed$1,325,000$168/sqft
        Source: HLMLS as distributed by MLS GRID #169844 Report a problem
        8/7/2024Listed for sale$1,325,000$168/sqft
        Source: HLMLS as distributed by MLS GRID #169844 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,960 +11.9%$326,720 +11.2%
        2024$3,539 +12.3%$293,860 +14.9%
        2023$3,151 +4989.6%$255,780 +5015.6%
        2022$62 +5.9%$5,000 +9.9%
        2021$58 -3%$4,550
        2020$60 $4,550 +15.2%
        2019-- $3,950
        2018$57 $3,950
        2017-- $3,950
        2016-- $3,950 +31.7%
        2015-- $3,000
        2014-- $3,000
        2013-- $3,000
        2012-- $3,000
        2011-- $3,000 -25%
        2010-- $4,000 -20%
        2009-- $5,000 +66.7%
        2008-- $3,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 78639

        Getting around

        1 / 100
        Car-Dependent
        23 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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