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$8,481,825

NAL Estimated Property Value

7193 FM 65 Highway, Carrizo Springs, TX, 78839

Off MarketInfo

About this property

** $447,000 PRICE IMPROVEMENT ON 9/6/24 **Exceptional hunting with both exotic and native game opportunities. +/-1800 acs under high fence and +/- 500 acres low fenced. Exotics include Elk, Oryx, Kudu, Axis, Pierre David, Addax, Blackbuck, White Lipped Deer, etc. Over 2 miles of Nueces River Frontage, Irrigation wells and 3 center pivot systems. The lodge is a barndo style, two story residence spanning 3,168 sqft. This lodge features three bedrooms, three bathrooms, and a charming kitchen and dining area. Additionally, there is a motel style addition with 9 additional bedrooms and baths for guest accommodations. With its covered porches and decks and skeet field, the Palms Lodge provides an idyllic retreat for guests and overlooks a large concrete bottom tank stocked with bass, crappie, bluegill and catfish. Take advantage of the relaxing outdoor kitchen pavilion or enjoy the picturesque views from the covered porches or dock over the water. For added convenience, there is a 2,810 square foot residence built by Hill Country Classics known as the Foreman's House. This residence offers four bedrooms and four bathrooms, making it an ideal private residence or staff accommodation. With wood cabinetry, granite countertops, and high-quality finishes, this house exudes comfort and style. The Palm has been meticulously maintained and offers exceptional recreational value. Numerous hunting blinds, feeders, ranch equipment and furnishings convey with sale.

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$8,481,825
Estimated Property Value
$0Estimated Mortgage Balance
$8,481,825Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$50,891 /month
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Cash Flow Estimate:
$16,964 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
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$X/month
No HOA
5.947%

City: Carrizo Springs