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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 665,000

Est. payment -/mo

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Price Dropped by $20K

511 Olive St Fredericksburg, TX 78624

3 Beds

2 Baths

1,588 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 1,588 sqft

Price per Sqft $418

Subdivision South Heights

MLS Listing ID 101808

Style Traditional

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1960

Annual Tax Amount $7,604

Tax Year 7604

Lot Size 0.260 Acres

Property Sub-Type Residential

Property Description

Welcome to The Olive Branch — a completely renovated, professionally designed 3-bedroom, 2-bath home just minutes from Main Street. Currently operating as a successful, active short-term rental, this R2-zoned property is permitted for STR use and is being sold turnkey, offering an exceptional investment opportunity. Designed with both style and comfort in mind, the home accommodates up to 8 guests and features hardwood flooring, recessed lighting, and quality furnishings throughout. Updates galore and numerous new furnishings make this property truly move-in or rental-ready from day one. The spacious 75' x 150' privately fenced backyard creates a true retreat, complete with a hot tub, gas grill, and comfortable indoor and outdoor living spaces ideal for entertaining or relaxing after a day in town. Adding even more versatility is the 24' x 24' insulated metal building, fully plumbed and air-conditioned with a half bath — perfect for a future game room, pool house, guest suite conversion (buyer to verify), or additional storage. A rare opportunity to own a stylish, fully furnished, income-producing property in a prime location — inquire for additional details and rental history.

Location

State TX

County Gillespie

Area City-Southeast

Zoning R-2

Interior

Interior Features Storage Building, Ceiling Fan(s), Storage, See Remarks, Other

Heating Central, Natural Gas

Cooling Central Air, Electric

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Dryer, Range, Refrigerator, Washer, Gas Water Heater

Laundry Washer-Dryer Connection

Exterior

Parking Features 1 Car, Attached, Garage, Garage Door Opener, Concrete

Garage Spaces 1.0

Fence Privacy

Utilities Available City Electric

Waterfront Description None

Roof Type Composition

Garage Yes

Building

Lot Description Few Trees, In City Limits, < 1 Acre

Story 1

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Schools

Elementary Schools Fredericksburg

Middle Schools Fredericksburg

High Schools Fredericksburg

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://tour.usamls.net/511-Olive-St-Fredericksburg-TX-78624/unbranded

Listed by Kuper Sotheby's Int'l Realty - Boerne

NEARBY SCHOOLS & PROPERTIES

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

511 Olive St Fredericksburg, TX 78624

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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511 Olive St