$399,000
Units: 3
90 Days On Market

Courtesy of Keller Williams Heritage, Alui Alton {attribution_contact}

Property Type: One Story
Status: Active Option
Year Built: 2022
Neighborhood: Lake Medina Highland
Days On Website: 90

Property Details for 137 Cherokee Trail, Lakehills, TX 78063

GREAT INVESTMENT OPPORTUNITY OUT ON MEDINA LAKE! Welcome to the Rising Sun at Medina Lake - a small AirBNB, RV and Campground resort built in 2021/2022 and opened in September of 2022. This property contains 6 lots being sold all together for a total of 2.89 acres with nearly 1000 feet of lakefront access of Medina Lake (when the lake is full). It boasts 3 new tiny homes (each comes fully furnished, with one full bathroom, kitchenette with fridge, microwave and sink, bedroom loft, and private hot tub and each rents for $195 per night). Plus 2 full hookup RV sites in the upper area as well as small campground with 5 tent pad sites and 3 dry camping RV sites. New concrete plunge pool with deck, fence with electric gate, well (600ft down to Edwards Aquifer) and an Aerobic Septic System and Electricity installed in 2022.

Listing

  • 275 cumulative days on market
  • 89 days on market
  • Listing date: 2024-02-11 06:00:00
  • Price per square foot: $528

Location

  • County: Bandera
  • Subdivision: LAKE MEDINA HIGHLAND

Bedrooms

  • 1 bedroom in unit 1
  • 1 bedroom in unit 2
  • 1 bedroom in unit 3

Bathrooms

  • 1 full bathroom in unit 1
  • 1 full bathroom in unit 2
  • 1 full bathroom in unit 3

Accessibility Features

  • Unit 1 disability access: No
  • Unit 2 disability access: No
  • Unit 3 disability access: No

Building

  • 756 square feet
  • 3 total units
  • Approximate age: 2 years
  • Built in 2022
  • Builder: Lone Star Structures
  • Furnished
  • Furnished
  • Furnished

Exterior Features

  • Covered Patio
  • Above Ground Pool
  • Pool is Heated
  • Hot Tub
  • Screened Porch
  • Water Front Unimproved
  • Mature Trees (ext feat)
  • Lake Medina
  • Other Water Access - See Remarks
  • Siding

Floors

  • Vinyl

Foundation

  • Other

Roof

  • Metal

Miscellaneous

  • Net operating income: $11,160
  • Unit 1 rent: $195
  • Unit 2 rent: $195
  • Unit 3 rent: $195
  • 3% vacancy rate
  • Annual operating expense: $15,840
  • Gross annual income: $48,000
  • Insurance
  • Maintenance
  • All Utilities

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

Lot

  • Lot size: 2.89

Schools

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

Cooling

  • Window/Wall

Heating

  • Electric
  • Window Unit

Utilities

  • Common Electric
  • Aerobic Septic

Taxes

  • Total tax amount: $3,380

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$399,000 - 137 Cherokee Trail, Lakehills, TX 78063

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137 Cherokee Trail
Lakehills, TX 78063
County: Bandera