REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Michelle Daep

realtormichelledaep@gmail.com +1(210) 941-7809

$ 139,900

Est. payment | -/mo

2 Beds

1 Bath

511 SqFt

Save

$ 139,900

Est. payment | -/mo

Save

2 Beds

1 Bath

511 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Residential

Listing Status Active

Purchase Type For Sale

Square Footage 511 sqft

Price per Sqft $273

Subdivision Avalon

MLS Listing ID 1935442

Style One Story,Split Level,Other

Bedrooms 2

Full Baths 1

Construction Status Pre-Owned

HOA Y/N No

Year Built 1955

Annual Tax Amount $1,057

Tax Year 2025

Lot Size 0.350 Acres

Property Sub-Type Single Residential

Property Description

Priced to sell! Versatile property offering the potential to live on site while generating rental income! Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Welcome home to a one-of-a-kind versatile studio featuring a 1950s Spartan Mansion integrated into the primary building, creating a distinctive experience and functional two bedroom home or live-work space. Spanning seven contiguous lots with mature oaks and cedars, the property offers a turnkey opportunity for hobbyists and investors alike. With an outbuilding, covered patio, additional land for recreation, storage, and parking, there is ample space for numerous possibilities. In addition, the property is already equipped to generate rental income (33% pro-forma cap rate), as the property includes two full RV and tiny home hookups. All utilities are on-site, providing a seamless setup for an owner-user to live in the multi-purpose studio while generating income to offset your loan payment. Located just minutes from the new H-E-B at Hwy 211/Culebra Rd, Alamo Ranch, and Medina Lake, this expansive property balances hill country charm with access to many city amenities. Schedule your tour today!

Location

State TX

County Bandera

Area 2400

Rooms

Master Bedroom Main Level 23X9 Other

Bedroom 2 Main Level 34X7

Living Room Main Level 23X9

Kitchen Main Level 1X1

Interior

Heating 1 Unit

Cooling Two Window/Wall

Flooring Carpeting, Stained Concrete

Inclusions Security System (Owned), Pre-Wired for Security, Electric Water Heater, Private Garbage Service

Heat Source Electric

Exterior

Exterior Feature Patio Slab, Covered Patio, Chain Link Fence, Solar Screens, Storage Building/Shed, Has Gutters, Mature Trees, Detached Quarters, Dog Run Kennel, Workshop, Other - See Remarks

Parking Features None/Not Applicable

Pool None

Amenities Available Lake/River Park, Boat Ramp

Roof Type Metal

Private Pool N

Building

Lot Description Corner, County VIew, 1/4 - 1/2 Acre, Mature Trees (ext feat), Sloping, Level, Lake Medina

Faces East

Foundation Slab

Sewer Septic

Water Private Well

Construction Status Pre-Owned

Schools

Elementary Schools Hill Country

Middle Schools Bandera

High Schools Bandera

School District Bandera Isd

Others

Miscellaneous Commercial Potential,No City Tax,Investor Potential

Acceptable Financing Conventional, FHA, VA, 1st Seller Carry, Lease Option, TX Vet, Cash, Investors OK, USDA, Other

Listing Terms Conventional, FHA, VA, 1st Seller Carry, Lease Option, TX Vet, Cash, Investors OK, USDA, Other

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Thomas Martinez • Leverage Realty Consulting Group • (210) 878-6683

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs!!

+1(210) 941-7809

realtormichelledaep@gmail.com

Learn More About LPT Realty

12064 Park Road 37 Lakehills, TX 78063