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THE NARROWSOffering of a 14.50 acre homesite and 1/7 ownership of 231 acres of

The Narrows Conservancy on the Blanco RiverBlanco and Hays County, Texas

$1,175,000

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The NarrowsHays & Blanco County, Texas

The information contained herein from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal.

Carlotta C. McLean | Tim W. Riley512-960-4676 | www.RileyMclean.com

John Ed Stepan512-921-0590 | www.ranchinvestments.com

PROPERTY

LOCATION The site is approximately one hour west of Austin between Blanco and Wimberley on the Blanco River in Hays and Blanco Counties. The site can be accessed from Blanco by way of FM 165 and from Wimberley off of FM 2325.

HOMESITE UT IL I T IES There is separate large volume Ag-capacity private water well on the homesite but no other utilities. Well depth is 220 feet in the Trinity Aquifer. There is not electricity to the site at this time.

TAXES Approximately $400 for 2015, property has an agricultural value. The entire property is subject to a grazing lease through January of 2019.

SCHOOLS Blanco ISD

LAND FEATURES

The highlight of this property is joint ownership of the Narrows, a pristine stretch of approximately one mile along the Blanco River. The homesite is very gentle until you reach the bluffs which extend into the Blanco River. On the homesite there are native grasses and moderate cover of live oak with very little cedar. The 231 acres of land owned in common has Live Oaks, Cedar, Mesquite as well as Agarita and Persimmon. The common property has been well maintained over many decades. There are subtle elevation changes which afford hill country views.

IMPROVEMENTS

The day-use cabin, equipped with a kitchen, sitting and dining areas, and separate bathroom-changing room, is situatedjust above the Blanco River. The cabin’s electricity is provided by a solar system combined with a backup propane generator. The cabin is equipped with an air conditioner, refrigerator-freezer, ceiling fans, and small appliances. Water is provided by a separate commonly owned well and tin man water tank. A small functional corral and sheds adjacent to picnic and rock BBQ grills finish out the recreation area.

The NarrowsOne of the Hill Country's best kept secrets, The Narrows, is a giant gorge fed by the Blanco River creating a series of deep pools surrounded by 30-50 foot canyon walls covered in ferns and vegetation. When the river is flowing heavily, there are significant and beautiful waterfalls and rapids. Off limits to anyone besides the shared owners, this crystal-clear water paradise has been kept in pristine condition and is a luxury to anyone who has the chance to experience it.




PRICE $1,175,000

The offering is ownership of 342 acres of pristine Blanco riverfront property, which includes a 14.5-acre deeded home site with a 5-acre building envelope, and 1/7th joint ownership of approximately 231 acres including almost a mile of the Blanco River, owned to the river centerline. Due to the depth of the river on this property and the existence of perennial springs, the river has had water even during extreme conditions. The property is protected by a majestic 50 to 75 ft. limestone bluff meandering along the length of the land and the river. The 231 acres of co-owned land, river are for recreational uses including swimming, wildlife viewing, hiking, horseback riding, mountain biking, hunting, fishing and camping. Abundant native species exist on the property, which is high fenced on its periphery. The border of the The Narrows Conservancy is aesthetically protected by the Blanco River, and on three other sides by a smaller conservation property, which has strict limitations on development, and two very large 1,800+ acre beautifully maintained ranch properties. he co-owned land, undeveloped home sites, off-grid cabin and picnic areas on this Blanco River property is limited to use by the immediate families of the co-owners and their guests. Use of the property has historically been limited. The original ownership group was formed in 2,000, and was separated out of a historic ranch founded by Major E.A. Craft, a prominent Texas railroad executive.

FUNDAMENTAL ELEMENTS OF THE CONSERVATION EASEMENT:• Right to enter property – TLC has the right to enter the property, with notice, twice a year for regular monitoring of the restrictions of the easement and at other times as required if there is an emergency or other significant threat. • Allowed uses: Residential – 7 homesites for the benefit of co-owners each has a 5 acre building envelope. Water - ponds and wells are permitted. Mineral Extraction – reasonable efforts must be made to minimize the impact to conservation values. Grazing – limited to cattle, horses and ship and up to 30 animal units. Hunting, Recreational and Educational uses – can hunt or lease for hunting but must follow “fair chase” standards and can construct blinds for hunting and observation. Other recreational uses such as hiking, biking, horseback riding, fishing and camping are permitted. Maintenance – Routine maintenance including mowing, cedar and brush clearing as well as habitat restoration and enhancement are permitted.• Prohibited uses: Commercial – no commercial or industrial uses. Excavation – only for construction and repair of improvements, trails, roads, and tanks. Water - no commercial sale of water allowed. Dumping – no dumping allowed. Biocides – not permitted except to control cedar, juniper, persimmon and other noxious plants. Subdivision – no further division allowed. Structures in common areas – no further structures permitted in the common areas. Improvements in Riparian Corridor – no improvements will be made within the area designated as the riparian corridor that is between the bluff line and the Blanco River.

Conservation Easement - SummaryThe Narrows Conservancy is 342.74 acres in total, comprised of 7 homesites and 231 acres of common area and is subject to a conservation easement held by the Texas Land Conservancy (formerly the Natural Area Preservation Association).



CO-OWNERSHIP AGREEMENT PROVIS IONS:• Expenses - All owners pay pro-rated costs associated with ownership and also share any profits earned from the Common Area according to the ownership ratios. Expenses are significantly restricted by the By-laws. Owners are not required to participate in expenses apart from those delineated in the By-laws. • Committee Management - Property is managed by committee with specific rules on voting, meetings. • Homesites - 342.74 acres is limited to 7 homesites for the benefit of the Co-Owners. Each owner is responsible for the taxes, maintenance and other costs associated with the ownership of a homesite. • Approvals - Homesite locations and plans must be submitted to the committee for approval. Rental is not permitted without consent of the co-owners. • Restrictions 5 acre building envelope permitted where all improvements will be located. No dwelling less than 1,500 square foot of living area and must contain a kitchen and bath as well as water system and septic. Must contain a kitchen and bath as well as water system and septic No mobile/modular homes Construction must be of new materials Exterior must consist of 80% native stone. • Sale Restrictions - Provisions for the sale of a property are outlined in the co-ownership agreement.


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While Riley-Mclean Land® makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © Riley-McLean Land®

Carlotta C. McLean | Tim W. Riley512-960-4676 | www.RileyMclean.comSub Market Map

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Carlotta C. McLean | Tim W. Riley512-960-4676 | www.RileyMclean.comHome Site Detail Map

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Carlotta C. McLean | Tim W. Riley512-960-4676 | www.RileyMclean.comAerial Map

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T e x a sCentral

Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES:Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker

treat you honestly.

IF THE BROKER REPRESENTS THE OWNER

tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but

information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

1. Shall treat all parties honestly; 2. May not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;

the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

_____________________________________________________________________________________________________________Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee,you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960. EQUAL HOUSING OPPORTUNITY. 01A TREC No. OP-K

APPROVED BY THE TEXAS REAL ESTATE COMMISSION FOR VOLUNTARY USE

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