3100 Highway 261, Buchanan Dam TX 78609

Huge Price Reduction! Seller financing available. Welcome to Black Rock Cottages! This charming and historic property has been a part of the Lake Buchanan community since the formation of the lake! An extraordinary waterfront property with over 3.6 acres and approximately 400 ft of waterfront. The five rental cottages and primary residence built in 1940 have been lovingly maintained and cared for by the owner. In 2016, an 800 sq ft living area and covered porch was added to the primary residence which was beautifully blended with the original character of the home. There are additional storage buildings and mobile home rentals on the property. Whether you are looking for an amazing waterfront location on Lake Buchanan to live on and have a turn key business with multiple rentals, or you are an investor with ideas, there are endless possibilities! At 3.6 acres there is plenty of room to build additional units, set up an RV or mobile home park, or redevelop and create your own vision! With one of the best locations on Lake Buchanan, this is an opportunity not to be missed!