1016 Luckenbach Cain City Rd, Fredericksburg, TX 78624

Background In 2017 an Austin home builder bought 26 acres on Luckenbach Cain City Road and divided them into 4 lots. My wife and I purchased lots 1 & 2. Lots 3 & 4 were purchased by a couple in their mid 50’s who have built a $1.2M home (Zillow estimate) on lot 3 and a very nice barn on lot 4. Their plan is to retire there. In 2021 the four of us hammered out a list of reasonable and well thought out deed restrictions with the goal of protecting property values. Each lot is permitted one primary residence, one guest house and two outbuildings. Essentially the neighbors are done. In 2022 we converted the barn on lot 2 to our home so a guest house and two outbuildings can be added to lot 2 and one primary residence, one guest house and two outbuildings can be built on lot 1. This Listing is for Two Lots Lot 1 $458,500 8.01 acres $400,500 Improvements $58,000 + Well (420’ deep,15 gal/min) $30,000 + 250-amp electric service $3,000 + Pipe fencing 350’@$25/ft + gates $10,000 + 2 ponds $15,000 Lot 2 $1,017,500 7.25 acres $362,500 Improvements $130,000 + 800’ X 10’ asphalt driveway $60,000 + Rainwater collection system $30,000 + Pipe fencing 350’@$25/ft + gates $10,000 + 2 ponds $30,000 Home (2,000 sq ft X $250/sq ft 1/2 acre) $525,000 Highlights + 500 sq ft covered front porch + 600 sq ft covered back porch + 625 sq ft attached 2 large vehicle carport + 400 sq ft attached flex space + Two HVAC systems Total $1,476,000 Asking $1,400,000 Owner Will Consider 1) Selling lots individually 2) Owner financing