+/- 131 acres6801 Dest iny Hi l l s Dr ive Austin, Texas 78738

2016 Viceroy Realy Advisors. All rights reserved. The information contained herein was obtained from sources believed reliable; however Viceroy Realty Advisors, LLc. make no guarantees, warranties or representations as to the completeness or accurac thereof. The presentation of this property is submit -ted subject to errors, change of price, or conditions prior to sale or lease, or withdrawal without notice.

CURRIN J. VAN EMAN | 512.927.7150 | currin@vra.co

Rare Bee Cave-Hamilton Pool Rd. Development/Ranch Tract

VRACOMMERCIAL REAL ESTATE

HEFFINGTON RANCHUP TO 253 ACRES

CURRIN J. VAN EMAN | 512.927.7150 | currin@vra.co

PROPERTY DETAILS: NEW DEVELOPMENT

• 131-253 Acres of prime Bee Cave area new development land or family ranch in Destiny Hills, between Hwy 71 and Hamilton Pool Road.• Improvements Include: 4 Ponds, 3 Mobile Homes, Horse Barn, Maintenance Buildings, Horse Arena’s, Water Well (Trinity Aquafer 800’+), (4) Septic Systems• Water and Wastewater Utility Services available through WTCPUA, Lazy 9 MUD, WCID #17• Located in Travis County – West Austin, TX in City of Austin’s 5-mile “Extraterritorial Jurisdiction” (ETJ) and abuts City of Bee Cave, TX• Easy Access to Hamilton Pool Road, Hwy 71 east & west, Ranch Road 2244/Bee Caves Road, Ranch Road 12/Dripping Springs• Coveted Lake Travis ISD Schools (Bee Cave Elementary, Lake Travis Middle School, Lake Travis High School)• Minutes to City of Bee Cave, Hill Country Galleria – 1.5 million square feet retail, restaurant, office and entertainment and the Shops at Galleria – 500,000 square feet of restaurants, and retail shopping• 30-minute drive to downtown Austin, 40-minute drive to Austin/ Bergstrom International Airport, 45-minute drive to Circuit of the Americas Formula 1 Race Track entertainment complex• Between 2000 and 2013 the Bee Cave/Lakeway area grew at an over 50% rate• Between 2013 and 2018, area growth is expected to see an additional 20% growth rate• In recent years, developers have been delivering single family lots as quickly as they can, while builders have pushed 100% absorption. • Newest communities in the area include; Rocky Creek, Belvedere, Bella Colinas/Terra Colinas, Ladera, Sweetwater, Rough Hollow, Serene Hills, West Cypress Hills and now Provence delivering 1,800 new homesites located next to Destiny Hills (Heffington/McCalla Ranch). Total combined over 8,000 new lots in various stages of delivery just listed above, yet demand is significantly outpacing development.

'

+/- 131 acres6801 Dest iny Hi l l s Dr ive Austin, Texas 78738

HEFFINGTON RANCHUP TO 253 ACRES

CURRIN J. VAN EMAN | 512.927.7150 | currin@vra.co

EXECUTIVE SUMMARY

VRA Commercial Real Estate is pleased to offer for sale, The Heffington Ranch – 131 acres of prime development land in the Bee Cave area of west Austin. Also available is the 122-acre McCalla ranch, directly abutting the Heffington Ranch to the north. The ranches are located in Southwest Travis County, off of Hamilton Pool Road and Destiny Hills Drive, adjacent to the city of Bee Cave, Texas, yet are not within the City of Bee Cave corporate zoning limits and is in the City of Austin’s 5-mile ETJ. This area is within the coveted Lake Travis ISD School District, one of Austin’s top districts. Downtown Austin and ABIA Airport are within a 30-minute drive.

The Heffington ranch was much larger in the past but over the years, Mr. Heffington carved off pieces and developed and/or sold them, around the subject tracts remaining 131 acres, and is what is now the Destiny Hills neighborhood (Section I and II) and soon to be Creeks Edge. There are numerous opportunities here ranging from keeping the ranch or ranch’s intact as a family ranch/estate, to sub-dividing into 2-5-acre ranchette tracts for residential homesites, to fully developing the 131-253 acres into a higher density residential neighborhood. Most of the existing home sites in Destiny Hills range from 2-4 acres in size. There are no restrictions or Home Owner Associations on the subject tracts however there are some restrictions and HOA’s within the original Destiny Hills (Sections 1 and 2). The main road, Destiny Hills Dr. is a 60’ Right-Of-Way owned and maintained by Travis County.

After Mr. Heffington’s passing 2 years ago, his widow has continued their long history of cattle ranching and has cattle and horses spread out amongst the Heffington Ranch and multiple other ranches in the area, but now wants to consolidate all of her cattle on to one larger ranch southeast of Austin, so this is the reason for selling now. As stated, additional land is available for sale, the 122 acre McCalla Ranch, directly abutting the Heffington Ranch along its northern boundary, so combined acreage available totals over 253 acres. There are currently several Mobile Homes and Barns on the ranch that the current owner will be disassembling and relocating at the time of sale, to another ranch they own.

The ranch is currently served by a deep water “Trinity Aquafer” well and several domestic septic systems at the mobile home sites on the property and the Pedernales Electric Coop provides electric service.In the case of new development, there are several potential options for water and wastewater utility services near the property. For water, a connection to the West Travis County Public Utility Agency could be made via their Hwy 71 or Hamilton Pool Road service corridors. Another opportunity would be a connection to the Lazy Nine MUD which provides water and wastewater services to the Sweetwater residential and commercial developments, immediately north of the tracts in the Hwy 71 corridor. And since the Heffington and McCalla tracts are not located within another districts CCN, the West Travis County Water Control and Improvement District #17 (“WCID 17”) could annex the properties into its district and provide water and/or waste water services.

+/- 2-acre single family homesites in Destiny Hills have recently sold in the $325,000-$350,000 price range for interior, limited view lots. In the new, larger lot section of Sweetwater, custom home sites are available starting in the high $200,000’s to over $350,000. And in the new section of Spanish Oaks, newly developed home sites are starting at over $500,000 for 1 acre lots and go up to over $850,000 ++ for 1 acre lots with hill country views. The Heffington/McCalla tracts combined will produce over 150 luxury lots ranging in size from 1 ½ acres to 2 acres in the heart of the Bee Cave/West Austin area.

+/- 131 acres6801 Dest iny Hi l l s Dr ive Austin, Texas 78738

HEFFINGTON RANCHUP TO 253 ACRES

CURRIN J. VAN EMAN | 512.927.7150 | currin@vra.co

PROPERTY DETAILS: NEW DEVELOPMENT

+/- 131 acres6801 Dest iny Hi l l s Dr ive Austin, Texas 78738

HEFFINGTON RANCHUP TO 253 ACRES

CURRIN J. VAN EMAN | 512.927.7150 | currin@vra.co

'

RGK RANCH1,500 LOTS$250-400

TRAVIS SETTLEMENT$325-725K

BEE CAVEESTATES

ROUGH HOLLOW1,900 LOTS$500-3M

MAJESTIC HILLS

THE HILLS$300-1.5M

FLINTROCK FALLS$425-1.5M

FLINTROCKSERENE HILLS338 LOTS

THE RESERVE$400-750K

SWEETWATERLAZY RANCH 9

2,300 LOTS$325-725K

MASONWOOD WEST800 LOTS

BELVEDERE126 LOTS

MADROVE RANCH

VISZCAYARANCH

450 LOTS

ROCKY CREEKRANCH

400 LOTS

DESTINY HILLS

BELLA COLLINAS600 LOTS

FALOCNHEAD WEST$300-800K FALOCNHEAD

$400-1MLANDERA RANCH

SPRING CREEKESTATE

THE HOMESTEAD171 LOTS

$300-1.3M SPANISH OAKS177 LOTS

$1-2M

BARTON CREEK BLUFFS178 LOTS

LAKE POINTE300 LOTS$350-1MTHE UPLANDS

$500-900K

HILL COUNTRYGALLERIA

BARTON CREEK$400-3.5M

STEINER RANCH4,600 ACRES

$250-3M

SENNA HILLS348 LOTS

LAKEWAY5,250 LOTS

BELLA MONTAGNA

$1-2.2M

CARDINALHILLS

BARTON CREEK MALL

WEST CYPRESS HILLS$200-400

2016 DEMOGRAPHIC SUMMARY

10-MILE TRADE AREA

DAYTIME POP 186,830POPULATION 249,890 AVG HH INCOME $140,013 % BACH DEGREE OR > 64.47%

POPULATION TRENDS (GROWTH & FORECAST)

2000 TO 2013 53.4%2010 TO 2018 25.5%2013 TO 2018 17.0%

10-MILE TRADE AREA

+/- 131 acres6801 Dest iny Hi l l s Dr ive Austin, Texas 78738

HEFFINGTON RANCHUP TO 253 ACRES

CURRIN J. VAN EMAN | 512.927.7150 | currin@vra.co

'

• Located at 6801 Destiny Hills Drive just off Hamilton Pool Road in Bee Cave/Austin, Texas in Southwest Travis County

• Offers direct access to US Hwy 71, Rnch Road to Dripping Springs, TX and US Hwy 290

• Minutes from the highly acclaimed Hill Country Galleria, a 1.5 Million Square Foot Mixed-use Lifestyle shopping center, entertainment complex and professional office space development

• The Hill Country Galeria high-density shopping center, coupled with the Shops at Galleria "Big Box" power center just across Hwy 71, offer prime shopping, dining, entertainment, hotel and class A office space, totaling over 2 Million square feet

• Minutes away is the city of Lakeway and Scott & White/Baylor Lakeway Regional Medical Center and the state’s largest in-land lake and water recreation area, Lake Travis. The Heffington Ranch is just a 30-minute drive from downtown Austin or Bergstrom International Airport.

LOCATION

+/- 131 acres6801 Dest iny Hi l l s Dr ive Austin, Texas 78738

HEFFINGTON RANCHUP TO 253 ACRES

2016 Viceroy Realy Advisors. All rights reserved. The information contained herein was obtained from sources believed reliable; however Viceroy Realty Advisors, LLc. make no guarantees, warranties or representations as to the completeness or accurac thereof. The presentation of this property is submit -ted subject to errors, change of price, or conditions prior to sale or lease, or withdrawal without notice.

CURRIN J. VAN EMAN | 512.927.7150 | currin@vra.co

VRACOMMERCIAL REAL ESTATE

+/- 131 acres6801 Dest iny Hi l l s Dr ive Austin, Texas 78738

HEFFINGTON RANCHUP TO 253 ACRES