$1,875,000
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3 Beds
3 Baths
3,948 SqFt
SOLD DATE : 10/28/2022
Key Details
Property Type Vacant Land
Sub Type Farm Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 3,948 sqft
Price per Sqft $474
MLS Listing ID 1626439
Sold Date 10/28/22
Bedrooms 3
Full Baths 2
Half Baths 1
Construction Status Frame,Brick/Stone
Year Built 1966
Annual Tax Amount $16,821
Lot Size 23.230 Acres
Acres 23.23
Property Description
Opportunity knocks! This is an amazing opportunity to purchase a beautiful new 18 lot subdivision in booming Spring Branch, Texas. The current proposed subdivision includes 3 commercial lots at the front of the property with excellent FM 311 frontage. Each commercial lot is approximately one acre in size. Behind the proposed gated entrance are 15 great one-acre residential lots. There are hundreds of beautiful oak trees spread throughout the property, and Smithson Valley Middle School borders one side of the property. Complete engineering plans are available including grading plans, utility plans, erosion control plans, etc. TxDOT approval is in place, and plans are in the final review stage with TCEQ. CLWSC has agreed to provide water to the subdivision, and a water contract is ready to be signed with them. Plans can soon be sent to Comal County for approval with an estimated turnaround time of about 6 weeks. The new owner can choose to move forward with the current subdivision plan or could do any number of other commercial and/or residential development options with this property. This new subdivision was initially started with the intention of several relatives building together in the subdivision and then selling off any extra lots. However, things changed with work and family situations, and the decision was recently made to sell the entire property. The historic remodeled home on the property is a great mix of elegance and country charm. It features interior rock accents, hand scraped engineered hardwood flooring, oversized family room, huge kitchen island, built-in appliances, farm sink, and large walk-in pantry. The spacious master suite features a large custom shower, pedestal tub, and a large walk-in closet. There are also two oversized bedrooms upstairs with a shared bathroom. There is also a barn with a 946 sq ft upstairs apartment that includes a bedroom, living room, kitchen, and bathroom. The beautiful backyard features a peaceful waterfall, in ground Keith Zars pool with attached hot tub, and a large covered patio with a fireplace and outdoor kitchen. The home has been rented out on Airbnb and currently has over 100 near perfect reviews. The new owner can take over this successful Airbnb revenue stream as well.
Location
State TX
County Comal
Area 2613
Rooms
Master Bathroom Main Level 16X14
Master Bedroom Main Level 18X14
Bedroom 2 2nd Level 18X14
Bedroom 3 2nd Level 17X18
Living Room Main Level 24X24
Kitchen Main Level 24X21
Exterior
Utilities Available Electricity, Water, Telephone, Cable TV, High Speed Internet
Building
Sewer Septic
Water None
Construction Status Frame,Brick/Stone
Schools
Elementary Schools Bill Brown
Middle Schools Smithson Valley
High Schools Smithson Valley
School District Comal
Others
Acceptable Financing Cash, Conventional, Investors OK
Listing Terms Cash, Conventional, Investors OK
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