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Dixie Putzier

dixie@downhomewithdixie.com +1(512) 574-2869

$ 665,000

Est. payment -/mo

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Price Dropped by $20K

511 Olive ST Fredericksburg, TX 78624

3 Beds

2 Baths

1,588 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,588 sqft

Price per Sqft $418

Subdivision South Heights

MLS Listing ID 4197545

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1960

Annual Tax Amount $7,603

Tax Year 2025

Lot Size 0.257 Acres

Acres 0.257

Property Sub-Type Single Family Residence

Source actris

Property Description

Welcome to The Olive Branch — a completely renovated, professionally designed 3-bedroom, 2-bath home just minutes from Main Street. Currently operating as a successful, active short-term rental, this R2-zoned property is permitted for STR use and is being sold turnkey, offering an exceptional investment opportunity. Designed with both style and comfort in mind, the home accommodates up to 8 guests and features hardwood flooring, recessed lighting, and quality furnishings throughout. Updates galore and numerous new furnishings make this property truly move-in or rental-ready from day one. The spacious 75' x 150' privately fenced backyard creates a true retreat, complete with a hot tub, gas grill, and comfortable indoor and outdoor living spaces ideal for entertaining or relaxing after a day in town. Adding even more versatility is the 24' x 24' insulated metal building, fully plumbed
and air-conditioned with a half bath — perfect for a future game room, pool house, guest suite conversion (buyer to verify), or additional storage. A rare opportunity to own a stylish, fully furnished, income-producing property in a prime location — inquire for additional details and rental history.

Location

State TX

County Gillespie

Area Gp

Rooms

Main Level Bedrooms 3

Interior

Interior Features See Remarks, Ceiling Fan(s), Chandelier, Granite Counters, Double Vanity, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Storage

Heating Central, Natural Gas

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Tile, Wood

Fireplace Y

Appliance Dishwasher, Dryer, Electric Range, Microwave, RNGHD, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater

Exterior

Exterior Feature Exterior Steps, Gas Grill, Outdoor Grill, Private Yard

Garage Spaces 1.0

Fence Back Yard, Privacy, Wood

Pool None

Community Features None

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description None

View Neighborhood

Roof Type Composition

Accessibility None

Porch See Remarks, Deck, Front Porch, Patio

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, City Lot, Curbs, Few Trees, Front Yard, Interior Lot, Level, Public Maintained Road

Faces West

Foundation Combination

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type See Remarks

New Construction No

Schools

Elementary Schools Fredericksburg

Middle Schools Fredericksburg

High Schools Fredericksburg (Fredericksburg Isd)

School District Fredericksburg Isd

Others

Restrictions City Restrictions,Zoning

Ownership Fee-Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Tax Rate 1.274

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Kuper Sotheby's Int'l Realty • Kelly Jo Gonzalez

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Contact Us

+1(512) 574-2869

dixie@downhomewithdixie.com