Driftwood, TX 78619,501 York Creek RD

$1,000,000

Est.Price: ?

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Est. payment /mo

1,000 SqFt


SOLD DATE : 02/04/2022

Key Details

Property Type Commercial

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,000 sqft

Price per Sqft $1,000

Subdivision Rolling Oaks Sec 3

MLS Listing ID 1575572

Sold Date 02/04/22

Originating Board actris

Year Built 1999

Annual Tax Amount $2,334

Tax Year 2021

Lot Size 9.676 Acres

Property Description

This property is four separate residences known by many as Saving Grace Getaway which has been an extremely successful rental property. It began as a holiday rental 4/1/2016 and transitioned to long term rentals in 4-1-2019. It has consistently enjoyed 5 Star ratings on Home Away, Air B+B, Wimberley Lodging etc. It has been producing steady, reliable income since its inception and continues to do so today.
The houses and out buildings are situated in a slow bend of York Creek with beautiful views of the rock bluff on the opposite side of the creek. The compound is nestled in a lush, tree covered yard area settled on the inside of the bend. To the west of the fenced yard are approximately 6 acres of beautiful, cleared bottomland (9.676 total acres). It’s located in the highly desirable and unrestricted subdivision of Rolling Oaks, midway between Kyle and Wimberley where real estate is rarely available. Convenient to Austin, San Marcos, and San Antonio, yet situated in the back of the subdivision in a very quiet and peaceful setting, this would be a great place to call home.
The owner has lived here for 40 years, and the level of care and personal investment is clearly reflected in the details and overall aesthetics of the property. The naturally beautiful landscape combines with careful development choices to create a truly one-of-a-kind residential rental income producing property. The property includes a myriad of improvements such as storage buildings, garden, greenhouse, shop area, rainwater collection systems and is completely fenced with separate yard areas.
Of the 4 residential units, three are currently leased until 3/1/2022 (6 months) and the fourth vacates 11/6/2021. All appliances convey.
For more detailed information on the property and its many improvements
see “ Property Details” in the documents section of this listing. County sq. footage differs from owners because of add-ons
This property is subject to a 7 day First Right of Refusal

Location

State TX

County Hays

Interior

Heating Central, Electric, Propane, Wall Furnace

Cooling Attic Fan, Ceiling Fan(s), Central Air, Electric, Gas, Multi Units, Varies by Unit, Wall/Window Unit(s), Whole House Fan

Flooring Laminate, Stone, Tile, Vinyl, Wood

Fireplace N

Exterior

Utilities Available Above Ground, Electricity Connected, Other, Phone Available, Propane, Sewer Not Available, Water Connected

View Creek/Stream, Garden, Pasture, Trees/Woods

Accessibility None

Total Parking Spaces 5

Building

Story 1

Foundation Pillar/Post/Pier

Sewer Septic Shared, Septic Tank

Water Private, Shared Well, Well

Structure Type Cedar,Frame,HardiPlank Type,Attic/Crawl Hatchway(s) Insulated,Cement Siding,Metal Siding,Wood Siding

New Construction No

Others

Restrictions Deed Restrictions

Acceptable Financing Cash, Conventional

Tax Rate 1.7787

Listing Terms Cash, Conventional

Special Listing Condition See Remarks

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Listed by WoW Properties
Bought with eXp Realty LLC
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