TBD Mormon Mill Rd, Marble Falls, TX 78654

This prime development site offers outstanding visibility with frontage on US Hwy 281, Mormon Mill Rd, and Commerce Street, right in the heart of the Highland Lakes Region. Fully approved for townhome or condo development, it’s a great opportunity to bring a residential project to a thriving area. All utilities are available through the City of Marble Falls, making the development process smoother. A portion of the property does fall within the FEMA 100-year floodplain (see map for details), but there's still plenty of room to build. With its great location and full approvals already in place, this is an excellent spot for a new residential community in one of the most desirable areas of the region!

TBD Mormon Mill Rd in Marble Falls is a 14.853-acre development site in Marble Falls offered at $1.15M, with approvals already in place for townhome or condo development. In Burnet County and within the Highland Lakes Region, that combination of scale, entitlement status, and road exposure gives this property a clearer development profile than unapproved land that still has to work through use, density, and infrastructure questions.

The site’s visibility is a real asset because it is tied to three separate frontage points on US Hwy 281, Mormon Mill Rd, and Commerce Street. That matters in a multifamily setting where access, circulation, and market recognition all affect how a project leases, sells, and holds value over time. Frontage on one road can be useful. Frontage on three roads changes the way a tract can be planned, entered, and positioned in the market. In a growing area like Marble Falls, that kind of exposure supports both daily functionality and long-term relevance.

Utility access is another material advantage. All utilities are available through the City of Marble Falls, which reduces a common layer of uncertainty in the early stages of development. For a buyer evaluating land for attached residential product, infrastructure readiness has a direct effect on budget, schedule, and execution risk. A site that already has approvals and city utility availability starts from a more advanced place than land that still requires broad entitlement work and major service questions to be solved.

The floodplain component should be evaluated carefully and with discipline. A portion of the property falls within the FEMA 100-year floodplain, and that will shape planning decisions. It does not erase the opportunity. On a tract of this size, floodplain area becomes a design and allocation issue, with the remaining buildable area carrying the real weight of the development strategy. Density, layout, internal access, and open space all become part of the value equation.

At 609 days on market, this is not a generic land listing that depends on vague future upside. It is a defined site with acreage, city utilities, approvals, and frontage in a visible Marble Falls location. For a developer focused on residential product in the Highland Lakes Region, TBD Mormon Mill Rd is positioned as land that can move from concept to execution with fewer unknowns and stronger long-term leverage.