Waterfront Multifamily
928 And 932 Pebble Beach Rd, Lakehills, TX 78063
For Sale
$775,000
Two residences share a private boat ramp, floating docks, and covered outdoor living areas.
Property Size4,876 SF
Price / SF$158.94
Days on Market56
Property Features for 928 And 932 Pebble Beach Rd
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
boat ramp
dock
covered outdoor area
oaks
deck
garage
bunk room
walkout basement
walk-in pantry
balcony
Patio Slab
Covered Patio
Double Pane Windows
Mature Trees
Dock
Improved Water Front
Lake Medina
Building Details
Building Size
Units
Listing Agency:
Affinity Real Estate Brokerage
Listed By:
Jason Mazzurana
(210) 867-5039
Source:
Dowdyrealestate
Added: Sep 19
Changed: Nov 9
Last Checked: Nov 12 at 8:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Affinity Real Estate Brokerage
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Investment Insights
Based on property information with market context.
This 4,876-square-foot waterfront property brings together two residences with distinct layouts. The first has a step-free main level with an entry-level primary suite, open living and dining space, a bunk room, and a climate-controlled walkout basement with a half bath. The second features an open lake-view plan, a walk-in pantry with laundry, a main-floor full bath, and two upstairs bedrooms with private balcony access.
Outdoor amenities include a private boat ramp, floating and movable docks, multiple covered gathering areas, mature oak trees, and upgraded decking. An oversized garage accommodates more than three vehicles and has an extra-tall door; additional flatwork provides parking space. The property is at 928 and 932 Pebble Beach Road in Lakehills, Texas.
Outdoor amenities include a private boat ramp, floating and movable docks, multiple covered gathering areas, mature oak trees, and upgraded decking. An oversized garage accommodates more than three vehicles and has an extra-tall door; additional flatwork provides parking space. The property is at 928 and 932 Pebble Beach Road in Lakehills, Texas.
Key Highlights
- Two waterfront residences totaling 4,876 square feet
- Private boat ramp with floating and movable docks
- First residence includes a step‑free main level and climate‑controlled walkout basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,445
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,900
$868.9K
Cap Rate 7%
$620,643
$620.6K
Cap Rate 9%
$482,722
$482.7K
Market Conditions
NOI Build-Up for 4,876 SF
Gross rent
$87.8K $18.00/SF
− Vacancy
−$8.8K −$1.80/SF
EGI
$79.0K $16.20/SF
− OpEx
−$35.5K −$7.29/SF
NOI
$43.4K $8.91/SF
Area
Bandera County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,900
Cap Rate 7%
$620,643
Cap Rate 9%
$482,722
Alternative Uses
Best Use
Apartment 5plus
$620.6K
$543.1K – $724.1K
NOI $43,445 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,065 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 78063, TX
9,302
Population
4,947
Households
1.9
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
119.3 sq mi
ZIP Area
78
Density / Sq Mi
$79,066
Median Household Income
$38,340
Median Earnings
$964
Median Rent
$265,400
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Bandera County, TX
Properties on Market for Multifamily properties in Bandera County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences share a private boat ramp, floating docks, and covered outdoor living areas.
Where is this multifamily property located?
The property is located at 928 And 932 Pebble Beach Rd Lakehills, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two waterfront residences totaling 4,876 square feet; Private boat ramp with floating and movable docks; First residence includes a step‑free main level and climate‑controlled walkout basement
