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$480,000

1554 Gruene Road B-5, New Braunfels, TX, 78130

$504,878 ARVInfo
On MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,568 Sq Ft
price_per_sqft$306.12 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Exhaust Fan, Electric Range, Electric Water Heater, Disposal, Plumbed For Ice Maker, Refrigerator, Washer, Some Electric Appliances, Microwave, Range
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size3.03 acres

Building Information

Year Built2016
Stories1
Roof Type112

Land Information

APN240-7350-0011-00
SubdivisionOld Mill Resort At Gruene Residential
Land UseCondominium
Legal DescriptionOLD MILL RESORT AT GRUENE RESIDENTIAL CONDO, UNIT A-11
Census Tract310503
Assessed Land Value$24,560
Assessed Improvement Value$410,440
Assessment Year2025

About this property

Steps from historic Gruene, the oldest dance hall in Texas, and boutique shopping, this three-bedroom condominium sits in the heart of one of Texas's most sought-after vacation destinations, with stunning views of the Guadalupe River just a short walk away. Community amenities include a pool, BBQ grill and picnic area. The unit features dual primary suites each with private en-suite bathrooms, a versatile loft bedroom with its own full bathroom, fully equipped kitchen, in-unit washer and dryer, and an open floor plan designed for comfort and entertaining. Short-term rentals are allowed, making this an exceptional income-producing opportunity in one of Central Texas's highest-demand corridors.

Investor Tools

$0Estimated Mortgage Balance
$437,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$504,877
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,880 /month
Positive
Cash Flow Estimate:
$960 /month

Interested in this property?

Inaky Strick

Kuper Sotheby's Intl RTY - NB

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$760/month
$667/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,929
$435,000
2025
$24,560
$410,440
$435,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,929
$435,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$437,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: New Braunfels

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