18824 State Highway 16 Medina, TX 78055
Exceptional 319.7-acre ranch in Bandera County, Texas, is offered at $3,890,000. This stunning property boasts approximately 1,500 feet of pristine Medina River frontage, near the confluence of Wallace Creek and the North Prong of the Medina River. Enjoy breathtaking views with a ~460-foot elevation change from the back to the river. Mature cypress trees line the riverbank. The land is enhanced by a water well supplying a mobile home with electricity and a septic system. Various barns and sheds are also present. Fencing and cross-fencing accommodate livestock. Two livestock tanks and multiple additional wet-weather tanks and creeks provide ample water sources. The property is served by Medina Electric Coop. Wildlife is abundant, including whitetail deer, axis deer, quail, turkey, dove, and hogs. Located on State Highway 16 N, with gate access, this property offers immediate enjoyment and significant development potential. This is a rare opportunity to own a substantial piece of Texas Hill Country.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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