The Madrona Collection | Highway 16 Commercial & Hospitality Opportunity: This 6.98-acre Hill Country retreat offers exceptional Hwy 16 frontage, no residential restrictions, and outstanding development potential for hospitality, retail, events, or residential use. The existing duplex and manufactured home provide immediate rental income while you bring your vision to life. Units A & B of the fully furnished 1,938 sq ft duplex (built in 2019) each feature one bedroom, a 4-bunk sleeping loft, full bathrooms on both levels, a retro spiral staircase, private laundry, and an exterior staircase leading to the primary bedroom deck. They have a semi-private outdoor living space complete with a grill, dining area, covered patio, waterfall, hot tub, and propane fire pit. Unit C is a fully furnished 640 sq ft one-bedroom, one-bath manufactured home with its own private deck, hot tub, propane fire pit, grill, and dining area. Additional amenities include a lighted gathering patio with games, grilling and dining areas, plus a separate air-conditioned building with restrooms and storage. All appliances/furnishings convey. www.TheMadronaCollection.com
For sale
$1,250,000
124 Madrona Dr, Kerrville, TX 78028
4beds
2,578sqft
Single Family 5+ Acres
Built in 2019
6.98 Acres Lot
$1,171,600 Zestimate®
$485/sqft
$-- HOA
What's special
Private deckHot tubSemi-private outdoor living spaceGrilling and dining areasDining areaRetro spiral staircaseCovered patio
- 41 days
- 59
- 0
Zillow last checked:
Listing updated:
Listed by:
Jessica Kester,
Signature Realty,
Lara Hicks,
Signature Realty
Source: KVMLS,MLS#: 125068
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Kitchen Combo, Utility Room
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater, Tankless Water Heater
- Laundry: Main Level, Laundry Room
Features
- Stairs/Steps
- Flooring: Vinyl
- Windows: Double Pane Windows
- Attic: Access Only
- Has fireplace: Yes
- Fireplace features: Living Room, Other
Interior area
- Total structure area: 2,578
- Total interior livable area: 2,578 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage/Carport
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck/Patio
- Exterior features: Stairs/Steps, Other
- Fencing: Privacy
- Waterfront features: None
Lot
- Size: 6.98 Acres
- Features: Corner Lot, Level
Details
- Additional structures: Guest House
- Parcel number: 538891
- Zoning: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family 5+ Acres
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2019
Utilities & green energy
- Electric: Bandera EC
- Gas: None
- Sewer: Septic Tank, Septic
- Water: Central, Aqua Texas
- Utilities for property: Cable Available, Electricity Connected, Garbage Service-Private, Phone Available
Community & HOA
Community
- Subdivision: DeLeon Estates
HOA
- Has HOA: No
Location
- Region: Kerrville
Financial & listing details
- Price per square foot: $485/sqft
- Tax assessed value: $538,810
- Date on market: 7/31/2026
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$1,171,600
$1.11M - $1.23M
$3,006/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Listed for sale | $1,250,000$485/sqft |
Source: KVMLS #122439 Report a problem | ||
| 1/3/2026 | Listing removed | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/23/2025 | Price change | $2,750-8.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Price change | $3,000-14.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/4/2025 | Price change | $3,500+7.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/19/2025 | Price change | $3,250+3.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/19/2025 | Listed for rent | $3,150+14.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/16/2025 | Listing removed | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/25/2025 | Listed for rent | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/3/2025 | Listing removed | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/12/2025 | Listed for rent | $2,750+3.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/20/2025 | Listing removed | $2,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/3/2025 | Listed for rent | $2,650+17.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/14/2024 | Listing removed | $2,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/8/2024 | Price change | $2,250-18.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/20/2024 | Listed for rent | $2,750+3.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/3/2024 | Listing removed | $2,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/15/2024 | Listed for rent | $2,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $538,810 +6.2% |
| 2024 | $6,540 +74.1% | $507,542 +14.7% |
| 2023 | $3,758 +156.9% | $442,484 +29.5% |
| 2022 | $1,463 +31% | $341,794 +47% |
| 2021 | $1,117 +0.2% | $232,502 +4.8% |
| 2020 | $1,115 | $221,908 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 78028
Nearby schools
Schools provided by the listing agent
- Elementary: Kerrville
Source: KVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







