605 LAKESHORE LN, BANDERA, TX 78003
Homes for sale in Bandera.
Homes for sale in 78003.
605 Lakeshore Ln
Bandera, TX 78003
List Price$469,900
Listing #1941213
16
Number of Units
Multi-Unit Residential
Type
About This Property
Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites, 2 tent sites, and a manufactured home, with ample space to add at least 5 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational modernizations like online bookings, rate optimization, and active marketing (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!
Listing Courtesy of Thomas Martinez, Leverage Realty Consulting Group (210) 878-6683
Property Features
Location Information
County
Bandera
Subdivision
LAKE MEDINA SHORES
MLS Area
3100
Interior Features
Heating
Other
Unit 2 Features
Bedrooms: 0, FullBaths: 0, HalfBaths: 0
Heating Fuel
Electric
Unit 3 Features
Bedrooms: 0, FullBaths: 0, HalfBaths: 0
Cooling
Window/Wall
Unit 4 Features
Bedrooms: 0, FullBaths: 0, HalfBaths: 0
Floors
Laminate
Total Number of Units
16
Unit 1 Features
Bedrooms: 0, FullBaths: 0, HalfBaths: 0
Exterior Features
Exterior
Patio Slab, Covered Patio, Mature Trees, Detached Quarters, Common Utility Room, Workshop, Garage Apartment, Water Front Improved, Partially Wooded, Mature Trees (ext feat), Level, Improved Water Front, Lake Medina, Water Access
Water / Sewer
Septic, City
Siding
Other
Sewer Supplier
Septic
Builder
Multi
Water Supplier
Multi
Foundation
Other
Electric Supplier
BEC
Roof
Metal
Lot Size
2.82
School
School District
Bandera Isd
Jr. High School
Bandera
Elementary School
Alkek
High School
Bandera
Additional Information
Property Type
RI
Status
New
Year Built
2017
None
Gross Annual Income
67,575
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Mortgage Calculator
$2,193
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,693
Monthly Tax
$391
Monthly Insurance
$109
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
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