Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$1,200,000

12044 S State Hwy 16, Fredericksburg, TX, 78624

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,201 Sq Ft
price_per_sqft$545.21 / sqft
Year BuiltBuilt in 1981

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator
FlooringCarpet, Concrete, Tile

Exterior

Lot Size2.20 acres

Building Information

Year Built1981
Garage Spaces4

Land Information

APN6406
SubdivisionW Mc Masters #108
Land UseResidential
Legal DescriptionABS A0492 W MC MASTERS #108, 2.2 ACRES, -M/H HOMESITE-, HUD# TEX0146357 HUD#2 TEX0146358 TITLE # REAL -M/H HOMESITE-
Census Tract950200
Assessed Land Value$132,000
Assessed Improvement Value$91,190
Assessment Year2025

About this property

Unrestricted Highway 16 Frontage with Endless Hill Country Potential. Former winery, tasting room, and residence featuring multiple buildings, expansive patios, commercial kitchens, and stunning views. Ideal for a wedding venue, restaurant, event space, short-term rentals, or live/work Hill Country destination. Discover a rare Texas Hill Country property with highly visible Highway 16 frontage and endless multi-use potential. Long operated as a successful winery and tasting room while also serving as a private residence, this exceptional property is now available as the owners transition into a slower, travel-focused lifestyle. Beyond the gated entrance, you're welcomed by beautifully maintained grounds and multiple well-designed structures that offer remarkable flexibility. The centerpiece is the inviting tasting room and expansive covered patio — a proven gathering space where guests have enjoyed sweeping Hill Country views, wine tastings, and events. An outdoor kitchen supports larger gatherings, while a dedicated Argentinean-style grill creates an interactive dining experience ideal for private events, chef-led dinners, or entertainment. Additional buildings provide ample storage, with a larger structure previously used for wine production that easily adapts to a variety of commercial or event-based uses. With no restrictions, the property is well-suited for a wedding venue, event or concert space, restaurant, short-term rentals, or a combination of income-producing ventures. The residence features an updated 3-bedroom, 2-bath manufactured home with an added living area, offering comfortable on-site living or guest accommodations. A spacious patio enhances outdoor entertaining, complemented by an attached two-car garage and additional carport parking.

Investor Tools

$90,448Estimated Mortgage Balance
$1,097,552Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Yolanda Dittmar

Dittmar Realty

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$585/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,079
$194,679
2025
$132,000
$91,190
$223,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,079
$194,679

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$100,000
No
First
Apr 12, 2021
May 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$90,448
$1,097,552
92%
8%
$600/mo

City: Fredericksburg

12044 S State Hwy 16 | Property Details | No Agent List