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    Restored Victorian Cottage on Acreage Title is generated by Realmo AI

    542 South Main Street, La Grange, TX 78945

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    Pending
    $549,000

    Residential (town-s/D),Farm,Standard Frame - La Grange, TX

    Type:Farm
    Property size:
    1,628 SF
    Lot size:
    1.14 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 542 South Main Street

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Carport
    Standard status
    Pending
    APN
    R38461
    Size
    1,628 SF
    Lot size
    1.14 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Year renovated
    1910
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Caroline Wolff

    Listing agent Caroline Wolff License #698987

    Listing office ROUND TOP REAL ESTATE 101 Main St., ROUND TOP, TX

    Listing date Jun 1, 2026

    MLS# 155307 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, income‑producing short‑term rental opportunity offered fully furnished.
    • Masterfully restored early 1900s Victorian cottage blending historic character with modern updates.
    • Resort‑style outdoor living with expansive TREX deck, built‑in outdoor kitchen, fire pit, and hot tub.
    • ADA‑accessible bedroom and bath with ramp entry.
    • Climate‑controlled shed with mini‑split, ideal for office, studio, or guest retreat.
    • Set on 1+ acre beneath mature pecan trees with carport/storage barn.

    Overview

    This exquisite early 1900s Victorian Cottage in La Grange, TX, has been masterfully restored to honor its historic character while offering refined modern updates. The 3-bedroom, 2-bathroom residence includes a fully ADA-accessible bedroom and bath with ramp entry. Set on 1.14 acres beneath mature pecan trees and framed by classic white picket fencing, the property features a carport/storage barn and a matching climate-controlled shed with mini split, ideal for a private office, studio, or guest retreat. The 1628-square-foot property is offered fully furnished and currently operating as a successful income-producing short-term rental. Upgraded appliances, including a brand-new refrigerator, are included. The expansive TREX entertainer's deck showcases a built-in outdoor kitchen, fire pit, and hot tub, creating a resort-style setting. This property is a rare offering blending timeless elegance, modern luxury, and exceptional investment appeal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.87643
    Latitude
    29.90059

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    FAQs

    What type of property is this?
    Single family property - Turnkey, income-producing short-term rental with modern amenities on 1+ acre.
    Where is this single family property located?
    The property is located at 542 South Main Street La Grange, TX.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing short‑term rental opportunity offered fully furnished.; Masterfully restored early 1900s Victorian cottage blending historic character with modern updates.; Resort‑style outdoor living with expansive TREX deck, built‑in outdoor kitchen, fire pit, and hot tub.
    (979) 249-5732
    We can help!
    Listing Contact
    Caroline Wolff
    Real Estate License ID: 698987
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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