— bed, — bath, 1,972 sqft on 1.40 acres in Kingsland. Kingsland, TX 78639. $995,000. Llano ISD.
About This Home
Hardie siding designed for long-term, low-maintenance performance establishes the exterior quality of this investment opportunity located in Kingsland, just minutes from Lake LBJ and the Kingsland Slab. This turnkey portfolio consists of three duplexes built in 2022 and one single-family residence fully renovated in 2022. The entire property is 100% occupied, serving as an exceptional income-producing investment that generates consistent rental income within the Texas Hill Country.
Inside the duplexes, each unit features luxury vinyl plank flooring and quartz countertops. These duplexes offer approximately 2,000 square feet of space divided into two spacious 2-bedroom, 1.5-bath units. The single-family home provides additional rental flexibility, spanning just under 2,000 square feet with 2 bedrooms and 2 bathrooms. All properties are serviced by KMUD sewer, Kingsland Water, CTEC electric, and Vyve high-speed internet.
Outdoor areas include private backyards for the duplex units along with ample parking on the property. Situated on a 0.36-acre lot, the property benefits from a low 1.23% tax rate and is located within the Llano Independent School District, which holds an "A" accountability rating.
Acquire a stabilized, cash-flowing asset with immediate income and long-term upside in a highly desirable lake community. Contact us today to explore this rare portfolio offering.
At 1220 Nora Lane in Kingsland, you're buying into one of the Texas Hill Country's most sought-after lake communities, where Lake LBJ sits just minutes away and the legendary Kingsland Slab pulls serious crowds year-round. This 1.4-acre portfolio generates immediate cash flow from a rare combination: three duplexes plus one single-family residence, all built or fully renovated in 2022, all 100% occupied. The duplex units rent between $1,300 and $1,400 monthly, with each offering roughly 2,000 square feet split into two separate 2-bedroom, 1.5-bath rentals that move quickly in the local market.
The construction quality reflects the newer build timeline. Each unit features luxury vinyl plank flooring, quartz countertops, and Hardie siding engineered to handle the Hill Country climate without constant maintenance demands. Private backyards and ample parking on each unit mean tenant satisfaction stays high and vacancy stays low. The single-family home adds portfolio diversification, spanning just under 2,000 square feet with 2 bedrooms and 2 bathrooms, offering flexibility to rent long-term or short-term depending on market conditions.
Kingsland itself operates on a remarkable economic engine. The lake drives tourism and second-home investment, but the town also serves as a genuine community hub with steady year-round residents. KMUD sewer, Kingsland Water, CTEC electric, and Vyve high-speed internet keep operations smooth and tenants happy. The location sits within Llano Independent School District, rated "A" by the state accountability system, which matters for long-term property values and tenant quality.
The numbers favor stability. At $555 per square foot across the entire portfolio, you're capturing assets in a market where similar newer builds don't hit the ground often. The 1.23% tax rate in Llano County is exceptionally competitive, meaning your cap rate stretches further than comparable properties in Austin proper. Kingsland maintains that sweet spot between lake-town energy and genuine quiet residential appeal. You get the proximity to weekend crowds at the Slab and lakefront dining without living in pure resort churn.
Whether you're expanding an existing portfolio or acquiring your first stabilized, cash-flowing asset, this turnkey setup delivers immediate income while the Hill Country's steady migration patterns continue pushing long-term appreciation.
The numbers behind this insight
- Offered at
- $995,000
- Listed
- June 9, 2026
- Price changes
- Reduced, down 9.1% from $1,095,000
- Asking price per sq ft
- $505
- Property Type
- Residential Income
- Year Built
- 2022
- Lot Size
- 1.40 acres
- Price / Sq Ft
- $505
Listing information last updated September 30, 2026.
Listed by RE/MAX of Marble Falls
MLS# 4123608 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Vinyl
- Heating
- Central,Electric
- Cooling
- Ceiling Fan(s),Central Air,Electric
Exterior & Lot
- Frame
- Hardi
- Plank Type
- Level
- Slab
- Covered
- Patio
- Roof
- Metal,Shingle
- Lot Size
- 1.40 Acres
Financial
- Original List Price
- $1,095,000
- Price per Sq Ft
- $505
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer,Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1220 Nora LN, whoever represented it.
- ActiveListed 2026Current price: $995,000Original list: $1,095,000MLS 4123608
- Listed · June 9, 2026$1,095,000
- Price changed · July 27, 2026$995,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $995,000
- Original list
- $1,095,000
- Price movement
- $100K reduction
- Listed / DOM
- Jun 9, 2026 · 129 days
Virtual Tour

Zoned Schools
Llano ISD
Llano
Llano
Llano
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($199K)
Adjustable assumption - not a lending recommendation.
$995,000
Luxury property intelligence
Keenan Market Position
A sourced read on Kingsland pricing, timing, and property scale. No automated valuation claim.
List price
$995,000
Price per sqft
$505/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
129 days
Original to current
$100K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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