Martindale, TX Offered for sale at $895,000
Located on San Marcos Highway, 3.7 miles from I-35, only 1/2 mile from the San Marcos River to float! An ideal retreat for R&R, entertainment, shopping, and sits on 11.3 acres. Rentals have all been remodeled and include: Main house 3/2.5, Guesthouse 1/1, Bunkhouse 1/1, and private entrance Suite off main 1/1. This affords plenty of room to optimize income potential for your ideal lifestyle. The owner’s home is a ranch-style modern farmhouse 2,200 SF, walkout onto a large covered backyard porch with 5-person hot tub, huge workshop, gym, pool, stables/events center, 10-person firepit lounging area, woodshed, city water and well house, 3-electric meters, 2 septic systems, fire hydrant, convenient yet secluded and private, affording the owners an ideal lifestyle with multiple sources for additional income! Zoning available for Commercial, Ag, and Multi-use, additional approved subdivided lot! This Retreat is ready for the next phase of growth!
- 5 Guest Rooms
- 5 Guest Room Baths
- Has Owner’s Quarters
- Built in 1972
- Last Renovated in 2018
- Opened in 2016
- Building is 2,903 SQFT
- Lot is 11.31 Acres
- Photo Gallery
- Property Website
- Offered for sale at $895,000
- Occupancy Rate: 48
- Average Daily Rate: 90
- Annual revenue is $22,655
- Terms: Investors options available, 1031 exchange option available with proof of relinquished, financing options available, and 3rd party financing. Option to purchase Lot 2, land only portion of property
