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    806 Blue Bill Cove Dr Lakehills, TX 78063

    For Sale
    $575,000

    1.53 Acres, Deep Water Access, Multi-Structure

    Property size:
    2,528 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 2,528 square foot commercial property in Lakehills, Texas, presents a unique investment opportunity. Situated on a spacious 1.53-acre lot with direct access to a protected waterfront inlet on Medina Lake, this property boasts a partially remodeled main house featuring two bedrooms (one up, one down), and 2.5 bathrooms. The main house includes updated kitchen and bathrooms, along with two attractive glassed-in porches. A large garage and workshop, plus two carports, provide ample storage space. The property also includes two additional houses requiring refurbishment, offering significant potential for expansion or rental income. The property is unrestricted, providing flexibility for various commercial ventures. Modern infrastructure is in place, including an aerobic septic system for the main house (installed 2019), a commercial septic system installed in 2021 for a potential vacation rental business (along with electrical and concrete pads), and a 600-foot deep well with a new pipe and pump (2017). Note that Medina Lake water levels fluctuate and are currently low. Seller financing is a possibility. This property's combination of waterfront access, ample land, and existing structures makes it an attractive proposition for a variety of commercial uses.

    Property Features for 806 Blue Bill Cove Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,528 SF
    Lot Size
    66,647 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakehills
    County
    Bandera
    State
    Texas
    Longitude
    -98.96692
    Latitude
    29.56116

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    FAQs

    What type of property is this?
    Commercial real estate - 1.53 Acres, Deep Water Access, Multi-Structure
    Where is this commercial real estate located?
    The property is located at 806 Blue Bill Cove Dr Lakehills, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    (210) 854-3060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    806 Blue Bill Cove Dr Lakehills, TX 78063
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