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Historic Short-Term Rental Compound with Courtyard
For Sale
$999,999

1002 W Pearl Street, Granbury, TX 76048

MULTI_FAMILY - Granbury, TX

Property SizeContact for details
Lot Size0.52 Acres
Days on Market59

Property Features for 1002 W Pearl Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 6
Parking features Open, Guest, Assigned
Patio and Porch features Deck
Interior features HighSpeedInternet
Exterior features Courtyard, Deck
Fireplace 1
Appliances GasRange
Subdivision Crites
Lot features Corner Lot, Landscaped, Many Trees
Elementary school Emma Roberson
Middle school Granbury
High school Granbury
Elementary school district Granbury ISD
Middle school district Granbury ISD
High school district Granbury ISD
Directions Corner of W Pearl St and S Lancaster St.
Standard status Active
APN R000037012
Lot size 0.52 Acres

Taxes and HOA fees

Tax Description ACRES: 0.519 LOT: 1 2 3 & PT 4 BLK: 2 SUBD: C
Tax Annual Amount 5422
Legal Description ACRES: 0.519 LOT: 1 2 3 & PT 4 BLK: 2 SUBD: C

Utilities

Sewer type Public Sewer
Heating system Central, Natural Gas, Electric (Heating)
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

courtyard
pond with waterfall
outdoor gathering areas
covered back porch
lounge with coffee bar and arcade games
laundry cottage
storage rooms
fully fenced

Building Details

Year built 1910
Floors in Building 1
Number of units 5
Flooring type Tile, Wood, Laminate
Building materials WoodSiding
Roof type Metal
Listing Agency: Susy Saldivar Real Estate
Listed By: Susy Saldivar · License #0438050
Added: Jun 7 Changed: Aug 1 Last Checked: Aug 4 at 4:06AM
MLS# 21230866

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Pomegranate House and Cottage Collection is a historic short-term rental property featuring the main home plus four surrounding cottages, all arranged around a courtyard. The main home includes two living areas, a dining room, a kitchen, a utility-laundry room, and a welcoming covered back porch. Each cottage provides a private bedroom and ensuite bath. The property is currently operating as an income-producing short-term rental and offers six total bedrooms across the main home and cottages. A separate on-site lounge includes a fully stocked coffee bar and arcade games, and there is a dedicated laundry cottage equipped with multiple washers and dryers, along with two additional storage and supply rooms.

Set on a fully fenced 0.519-acre corner lot, the grounds are landscaped and anchored by Live Oak trees estimated to be 300–400 years old. The outdoor setting includes a pond with waterfall and outdoor gathering areas. The property includes high-speed internet, gas range, central heating and cooling, a metal roof, wood siding, and a deck/patio porch feature. The main home was built in 1910, and the property sits about 0.7 miles from Historic Granbury Square.

Key Highlights

  • Income‑producing short‑term rental setup with main home plus four cottages around a courtyard
  • Six total bedrooms across the main home and cottages, each cottage with a private bedroom and ensuite bath
  • Fully fenced 0.519‑acre corner lot

Property Analytics

Current Use

The Cottage Collection and Pomegranate ... Bed & Breakfast

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Storage Facility Electrical Service Auto Repair Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

809
Businesses Nearby

Demographics for 76048, TX

25,764
Population
12,737
Households
2
Avg Household Size
48
Median Age
26%
College-Educated
90%
High-School Grad
101.7 sq mi
ZIP Area
253
Density / Sq Mi
$66,856
Median Household Income
$37,190
Median Earnings
$1,288
Median Rent
$230,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Fully fenced corner lot hosting a fully furnished, income-producing main home with four cottages around a courtyard.
Where is this short term rental property located?
The property is located at 1002 W Pearl Street Granbury, TX.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Income‑producing short‑term rental setup with main home plus four cottages around a courtyard; Six total bedrooms across the main home and cottages, each cottage with a private bedroom and ensuite bath; Fully fenced 0.519‑acre corner lot
More about this property
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