Property Type Two Story
Status Active
Price Type
Distressed
Year Built 1950
Neighborhood Pipe Creek
Days on Website 150

Property Map

$2,222,222 – 8161 State Highway 16, Pipe Creek, TX 78063

Street View

Courtesy of RE/MAX North-San Antonio, Daniel Beary {attribution_contact}

Description

Unrestricted – 4 Acres, 4 bedroom 2 bath house, 9 cabins, in-ground pool with waterfalls for maximum circulation for filtration system. Pool area is attached to an ample pavilion with a 30’x40′ deck, perfect for leisure and entertaining. 2 warehouses, 2 RV hookups/parking, and a concession stand with electric/water access. Turnkey-ready! 8 Cabins are custom built with private porches, each with their own parking space, sleeping up to 4 people and can be used as nightly rentals, airbnb, or short term rentals. The main cabin sleeps 6-8 with a spacious front porch, a full kitchen, laundry area, and a parking area for 2 vehicles. Warehouse 1, 20 x 30, is utilized for supplies and laundry for maintaining the cabins. Warehouse 2, approximately 1,750 square feet, houses ground maintenance, shop, and building supplies. The main house, 2584 square feet, is well-built with two living areas, 4 bedrooms (2 downstairs/2 on the second floor), a spacious kitchen with a large island, a relaxing front porch for watching the sunsets, and a back porch that leads into a fenced yard. The back porch area touts a sunrise vista and panoramic view of the cabins and pool area. The property sits on 395 feet of Bandera Road ( State Hwy 16) frontage, across from the antique store, minutes from the Pipe Creek Dance Hall, 7.5 miles to Bandera, 15 miles to Lake Medina in Lakehills, 20 miles to Helotes TX, and 40 miles to The Alamo, San Antonio TX. A true work-in-progress, this property, for the past two years has been consistently improved upon and developed to get to its current stage. Records don’t show the potential of what this country gem can be! Facebook, The Nest

Property Details and Features

Exterior Features

  • Covered Patio
  • Patio Slab
  • Double Pane Windows
  • Detached Quarters
  • In-Ground Pool
  • Workshop
  • Mature Trees (ext feat)
  • Level
  • Wood

Listing

  • 149 cumulative days on market
  • 149 days on market
  • Listing date: 2023-12-06 06:00:00
  • Price per square foot: $860

Location

  • County: Bandera
  • Subdivision: PIPE CREEK

Bedrooms

  • 1 bedroom in unit 1
  • 1 bedroom in unit 2
  • 1 bedroom in unit 3
  • 1 bedroom in unit 4
  • 1 bedroom in unit 5
  • 1 bedroom in unit 6
  • 1 bedroom in unit 7
  • 2 bedrooms in unit 8

Bathrooms

  • 1 full bathroom in unit 1
  • 1 full bathroom in unit 2
  • 1 full bathroom in unit 3
  • 1 full bathroom in unit 4
  • 1 full bathroom in unit 5
  • 1 full bathroom in unit 6
  • 1 full bathroom in unit 7
  • 1 full bathroom in unit 8

Accessibility Features

  • Unit 1 disability access: No
  • Unit 2 disability access: Yes
  • Unit 3 disability access: No
  • Unit 4 disability access: No
  • Unit 5 disability access: No
  • Unit 6 disability access: No
  • Unit 7 disability access: No
  • Unit 8 disability access: No

Building

  • 2,584 square feet
  • 9 total units
  • Approximate age: 73 years
  • Built in 1950
  • Builder: Unknown
  • Furnished
  • Refrigerator
  • Furnished
  • Refrigerator
  • Furnished
  • Refrigerator
  • Furnished
  • Refrigerator
  • Furnished
  • Refrigerator
  • Furnished
  • Refrigerator
  • Furnished
  • Refrigerator

Floors

  • Ceramic Tile
  • Linoleum
  • Wood
  • Vinyl

Foundation

  • Slab

Roof

  • Composition
  • Metal

Miscellaneous

  • Net operating income: $10,000
  • Unit 1 rent: $125
  • Unit 2 rent: $125
  • Unit 3 rent: $125
  • Unit 4 rent: $125
  • Unit 5 rent: $125
  • Unit 6 rent: $125
  • Unit 7 rent: $125
  • Unit 8 rent: $125
  • 40% vacancy rate
  • Annual operating expense: $11,000
  • Gross annual income: $21,000
  • Other

Parking

  • 1 parking space for unit 1
  • Unit 1 parking type: Pad
  • 1 parking space for unit 2
  • Unit 2 parking type: Pad
  • 1 parking space for unit 3
  • Unit 3 parking type: Pad
  • 1 parking space for unit 4
  • Unit 4 parking type: Pad
  • 1 parking space for unit 5
  • Unit 5 parking type: Pad
  • 1 parking space for unit 6
  • Unit 6 parking type: Pad
  • 1 parking space for unit 7
  • Unit 7 parking type: Pad
  • 1 parking space for unit 8
  • Unit 8 parking type: Pad

Lot

  • Lot size: 3.81

Property

  • Zoning: RESIDENTIAL, COMMERCIAL

Schools

  • School district: Bandera Isd
  • Elementary school: Hill Country
  • Middle school: Bandera
  • High school: Bandera

Cooling

  • Unit Central

Heating

  • Electric
  • Central

Utilities

  • Other
  • Aerobic Septic
  • Electric utility supplier: BEC

Taxes

  • Total tax amount: $2,880

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