89 OLOLO LN, FREDERICKSBURG, TX 78624

Homes for sale in Fredericksburg.

Homes for sale in 78624.


89 Ololo Ln

Fredericksburg, TX 78624

Status of the property has changed, please contact for details

List Price$1,500,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #1795683

Commercial

Type

About This Property

Welcome to Ololo, a natural sanctuary just miles from Downtown Fredericksburg, where four beautifully appointed cabins are thoughtfully situated around a magical, giant cedar tree. These income-producing short-term rentals were built in 2020 and have been successful from day one. Behind the private, gated entrance, visitors find the peace that comes with acreage & seclusion. Each unit includes a bedroom, bathroom with tile shower, a private hot tub, outdoor shower, and a front porch with seating. Every cabin is unique, eclectically decorated, luxuriously appointed, and all furnishings can convey. Professionally managed by Heavenly Host and ready for turnkey investment, the business includes two maintenance buildings that make housekeeping & management a breeze. Ololo sits on 6 acres of unrestricted land giving the new owner the ability to add more cabins, RV slips, sports court and other amenities or your dream house. Dedicated well and septic. Additional adjacent acreage and a historic 4,100-SF Pioneer rock house are also available for sale. Just 2.6 miles from the Gillespie County Airport (T82) with a 5,000 ft. long runway. Financials available upon request after client has seen the property.

Listing Courtesy of Adrianne Frost, Phyllis Browning Company (210) 627-1000

Property Features

Location Information

County

Gillespie

MLS Area

3100

Exterior Features

Construction

Other

Utilities

Electricity, Water, Septic, Cable TV

Foundation

Slab

Lot Size in Sq. Ft.

2,100

Roof

Metal

Zoning

0

Water Supplier

Well

Loading Facilities

None

School

School District

Fredericksburg

Additional Information

Property Type

COM

Status

Active

Property SubType

Hotel/Motel

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$7,005

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$5,405

Monthly Tax

$1,250

Monthly Insurance

$350

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.

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