605 Lakeshore Ln, Bandera, TX 78003
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Priced at Only: $469,900
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Address: 605 Lakeshore Ln, Bandera, TX 78003
Property Location and Similar Properties
- MLS#: 1941213 ( Multi-Family (2-8 Units) )
- Street Address: 605 Lakeshore Ln
- Viewed: 49
- Price: $469,900
- Price sqft: $0
- Waterfront: No
- Year Built: 2017
- Bldg sqft: 0
- Days On Market: 58
- Additional Information
- County: BANDERA
- City: Bandera
- Zipcode: 78003
- Subdivision: Lake Medina Shores
- District: Bandera Isd
- Elementary School: Alkek
- Middle School: Bandera
- High School: Bandera
- Provided by: Leverage Realty Consulting Group
- Contact: Thomas Martinez
- (210) 878-6683

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DescriptionRare 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 and 2 tent sites, with ample space to add at least 6 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 adjustments like online bookings, rate optimization, and accepting short term guests (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!
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- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
Features
Building and Construction
- Builder Name: Multi
- Exterior Features: Other
- Flooring: Laminate
- Foundation: Other
- Other Structures: Mobile Home, Other, Outbuilding, RV/Boat Storage, Shed(s), Storage, Workshop
- Roofing: Metal
- Total Number Of Units: 24
School Information
- Elementary School: Alkek
- High School: Bandera
- Middle School: Bandera
- School District: Bandera Isd
Eco-Communities
- Water/Sewer: Septic, City
Utilities
- Air Conditioning: Window/Wall
- Heat: Other
- Heating Fuel: Electric
- Meters: Separate Electric, Separate Water, Common Water, Common Electric
- Utility Supplier Elec: BEC
- Utility Supplier Gas: Private
- Utility Supplier Grbge: Apache
- Utility Supplier Sewer: Septic
- Utility Supplier Water: Multi
Finance and Tax Information
- Annual Operating Expense: 23567
- Days On Market: 44
- Home Owners Association Fee: 120
- Home Owners Association Frequency: Annually
- Home Owners Association Mandatory: Mandatory
- Home Owners Association Name: LAKE MEDINA SHORES OWNERS ASSOCIATION
- Net Operating Income: 44008
- Total Tax: 2909.09
Other Features
- Associated Document Count: 11
- Contract: Exclusive Right To Sell
- Instdir: From Bandera Main St, Turn right onto TX-173 S, Continue to follow TX-173 S, Turn left onto Whartons Dock Rd, Turn left onto Walton's Dock Rd/Whartons Dock Rd, Continue to follow Whartons Dock Rd, Slight left onto Northeast Dr, Turn left on Lakeshore Dr N
- Legal Desc Lot: 23-31
- Legal Description: Multiple (see exhibit A)
- Op Exp Includes: Taxes, Insurance, Maintenance, Management, Licenses/Permits, All Utilities, Equipment, Services, Miscellaneous, Other
- Ph To Show: 2108786683
- Salerent: For Sale
- Style: Other
- Views: 49
Owner Information
- Owner Lrealreb: No
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Nearby Subdivisions
- Kim McCullough, ABR,REALTOR ®
- Premier Realty Group
- Mobile: 210.213.3425
- Mobile: 210.213.3425
- kimmcculloughtx@gmail.com


































