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    7490 Us Highway 87 Fredericksburg, TX 78624

    For Sale
    $995,000

    31 Acres, Live Water, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 31.625-acre property in Gillespie County, Texas, presents a unique opportunity for Hill Country living. Located just 6.5 miles from downtown Fredericksburg at 7490 US Hwy 87, this fully fenced ranch boasts a live water stream (Baron's Creek) traversing the land. Mature oak trees dot the landscape, providing ample shade and natural beauty. The property features multiple potential building sites, ideal for a custom home, charming bed and breakfast, or other ventures. Its convenient location offers easy access to Fredericksburg's amenities while maintaining a tranquil, secluded atmosphere. The land is currently designated for agricultural exemption, resulting in low property taxes, making this a financially attractive investment. The asking price is $995,000, translating to $41,107 per acre. The property's zoning and potential uses should be verified independently. This is a rare opportunity to own a piece of Texas Hill Country paradise. The zip code is 78624.

    Property Features for 7490 Us Highway 87

    General Information

    Property type
    Farms
    Lot Size
    1,377,585 SF

    HighLights

    • 31‑acre tract with live water frontage.
    • Ag‑exempt status.
    • Low property taxes.
    • Excellent location.
    • Fully fenced perimeter.
    • Multiple potential building sites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Gym & Fitness Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.936814540985
    Latitude
    30.361436916386

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    FAQs

    What type of property is this?
    Farm - 31 Acres, Live Water, Prime Location
    Where is this farm located?
    The property is located at 7490 Us Highway 87 Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 31-acre tract with live water frontage.; Ag-exempt status.; Low property taxes.
    Request Owner's contact information
    7490 Us Highway 87 Fredericksburg, TX 78624
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    Fredericksburg, TX 78624
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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
    7490 Us Highway 87 Fredericksburg, TX 78624
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