10219 Highway St Fredericksburg, TX 78624
This exceptional 26.9-acre estate in the Texas Hill Country Wine Corridor presents a unique investment opportunity. The property boasts 1,118 feet of frontage on Hwy 290 and 1,125 feet on Grape Creek. The expansive land includes approximately 15 acres dedicated to agriculture, featuring a planted acre of grape varietals and an irrigation system. 19.62 acres are currently ag-exempt. Water resources include two wells (a 200 GPM permitted public water supply well and a 45 GPM well), along with four septic systems (two are permitted commercial systems). The property features multiple buildings totaling 18,270 square feet, including a 5,981-square-foot winery, tasting room, and bistro (Inwood Estates), a 2,400-square-foot renovated tasting room, and a 3,196-square-foot luxury venue (Mendelbaum Cellars). Accommodation options comprise six short-term rental cabins, two short-term rental apartments, a 2,149-square-foot two-story rental unit, and a manufactured home. Additional amenities include warehouse storage, 50 parking spaces, fenced pastures, a stock tank, and two billboards on Hwy 290. The property is offered in its entirety for $5,995,000, or in smaller parcels. The sale includes the real estate only
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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