$1,000,000
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501 York Creek RD Driftwood, TX 78619
1,000 SqFt
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
Waterfront No
View Creek/Stream, Garden, Pasture, Trees/Woods
Accessibility None
Parking Type Carport, Gravel, Guest, Kitchen Level, Parking Pad
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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Bought with eXp Realty LLC