The subject consists of one parcel of residential land located along the Guadalupe River and Lake Dunlap in New Braunfels, Texas. This parcel, with the address of 240 Rio Drive, contains approximately 0.43 acres, and has approximately 99 feet of water frontage. Also improved with a boat dock. The subject is zoned R-2, Single-Family and Two-Family, is generally level, and has a rectangular configuration. A recent survey is available upon request.