Discover an outstanding income-producing investment opportunity just minutes from the heart of Bandera, Texas—the Cowboy Capital of the World. Located only 3 minutes from downtown and just outside the city limits, this well-positioned property offers the perfect combination of steady cash flow and significant value-add potential.
The property currently features 10 long-term RV sites and 4 fully leased cabin rentals, with room to construct 2 additional cabins to further increase rental income. The existing tenant base provides reliable long-term occupancy, while the property’s layout offers multiple opportunities for expansion and increased returns.
One of the biggest opportunities for a new owner is the utility setup. The current owner pays utilities, creating an immediate value-add opportunity by installing individual utility meters and passing utility expenses directly to tenants, substantially improving the property’s net operating income.
Situated just minutes from Bandera’s vibrant Main Street, tenants enjoy convenient access to live music, restaurants, shopping, rodeos, the Medina River, and the year-round attractions that make Bandera a popular destination for residents and visitors alike.
Whether you’re looking to expand your investment portfolio or capitalize on the growing demand for affordable long-term housing in the Texas Hill Country, this property offers strong existing income, expansion potential, and multiple avenues to increase profitability.
Investment Highlights:
10 long-term RV sites
4 income-producing cabin rentals
Room to build 2 additional cabins
Excellent value-add opportunity through individual utility metering
Located just outside Bandera city limits
Only 3 minutes to historic downtown Bandera
Strong long-term rental demand with significant upside potential
Don’t miss the opportunity to own a cash-flowing Hill Country investment with built-in potential for increased income and long-term appreciation.
Active
Price cut: $30K (10/1)
$465,000
263 Timber Ln, Bandera, TX 78003
--beds
--baths
2,307sqft
Multi Family, Manufactured Home, Single Family Residence
Built in 1997
-- sqft lot
$-- Zestimate®
$202/sqft
$-- HOA
What's special
- 96 days
- 60
- 1
Zillow last checked:
Listing updated:
Listed by:
Cameron Whitehead (512)800-3230,
CW Realty Co
Source: Central Texas MLS,MLS#: 618485
Originating MLS: Four Rivers Association of REALTORS
Facts & features
Interior
Heating
- Other, See Remarks
Cooling
- Central Air, 3+ Units, Wall/Window Unit(s)
Appliances
- Included: Electric Range, Refrigerator, Some Electric Appliances, Cooktop
- Laundry: None
Features
- Ceiling Fan(s)
- Flooring: Laminate
- Attic: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 2,307 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Carport
- Carport spaces: 3
Accessibility
- Accessibility features: Other, See Remarks
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: None
- View description: None
- Body of water: None
Lot
- Size: 1.31 Acres
Details
- Parcel number: 159611
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Manufactured Home, Single Family Residence
Materials
- Other, See Remarks
- Foundation: Slab
- Roof: Composition,Metal,Shingle
Condition
- Resale
- Year built: 1997
Utilities & green energy
- Sewer: Aerobic Septic
- Utilities for property: Above Ground Utilities, Electricity Available, Trash Collection Public
Community & HOA
Community
- Subdivision: Wildwood
HOA
- Has HOA: No
Location
- Region: Bandera
Financial & listing details
- Price per square foot: $202/sqft
- Tax assessed value: $496,140
- Annual tax amount: $6,734
- Date on market: 7/1/2026
- Cumulative days on market: 97 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Price change | $465,000-6.1%$202/sqft |
Source: | ||
| 8/26/2026 | Price change | $495,000-6.4%$215/sqft |
Source: | ||
| 7/1/2026 | Listed for sale | $529,000+286.1%$229/sqft |
Source: | ||
| 7/10/2017 | Sold | -- |
Source: | ||
| 6/2/2017 | Listed for sale | $137,000$59/sqft |
Source: Coldwell Banker Stagecoach Realty #1246474 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,734 +5.6% | $496,140 +4.5% |
| 2024 | $6,378 +2.1% | $474,570 +5.8% |
| 2023 | $6,250 -4.5% | $448,620 +11.8% |
| 2022 | $6,544 | $401,280 +53.8% |
| 2021 | -- | $260,900 +88.6% |
| 2020 | $2,507 | $138,360 +260.4% |
| 2019 | -- | $38,390 +3.8% |
| 2018 | -- | $37,000 +26.1% |
| 2017 | -- | $29,350 +38.4% |
| 2016 | -- | $21,203 +10% |
| 2015 | -- | $19,275 -17.5% |
| 2014 | -- | $23,370 +46.7% |
| 2013 | -- | $15,930 |
| 2012 | -- | $15,930 -32.3% |
| 2010 | -- | $23,532 +10% |
| 2009 | -- | $21,393 +10% |
| 2008 | -- | $19,448 +10% |
| 2007 | -- | $17,680 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 78003
Nearby schools
Schools provided by the listing agent
- District: Bandera ISD
Source: Central Texas MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






