Located in the gated Enchanted River Estates near the heart of Bandera, this duplex-style property at 289 Chaparral offers an exceptional investment opportunity with stunning Hill Country views. Nestled between the Medina River and a nearby creek, the property features two units, each offering 2 bedrooms and 1 bathroom, for a total of 1,344 square feet. Both sides rent for $1,175 per month, providing a total potential income of $2,350, with one side already rented and the other ready for occupancy. High ceilings and beautiful laminate flooring enhance the interior appeal, while a durable metal roof adds long-term stability and peace of mind. The strong rental market in the area, along with Airbnb potential, makes this an ideal opportunity for investors or owner-occupants looking to live in one unit while renting the other-all within a scenic, gated community close to Bandera amenities.
For sale
Price cut: $21K (6/12)
$198,000
289 Chaparral Dr, Bandera, TX 78003
4beds
1,344sqft
Multi Family
Built in 2018
-- sqft lot
$195,000 Zestimate®
$147/sqft
$13/mo HOA
What's special
Stunning hill country viewsHigh ceilingsBeautiful laminate flooringDurable metal roof
- 157 days |
- 104 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Shane Neal TREC #608871 (726) 245-8941,
eXp Realty
Source: LERA MLS,MLS#: 1940929
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, 2 Units, Electric
Cooling
- Two Central
Appliances
- Included: Oven, Dishwasher, Refrigerator, Washer, Dryer, Oven/Stove
- Laundry: Washer Connection, Dryer Connection
Features
- Flooring: Laminate
Interior area
- Total interior livable area: 1,344 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: On Street, Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,367 Square Feet
- Residential vegetation: Mature Trees
Details
- Parcel number: 12576000010230
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Siding, Fiber Cement
- Roof: Metal
Condition
- New construction: No
- Year built: 2018
Utilities & green energy
- Electric: Separate Electric Meter(s)
- Sewer: Septic
- Water: Co-op Water, Common Water Meter(s)
Community & HOA
Community
- Security: Controlled Access
- Subdivision: Enchanted River Estates 2
HOA
- Has HOA: Yes
- HOA fee: $150 annually
- HOA name: ENCHANTED RIVER HOME OWNERS ASSOCIATION
Location
- Region: Bandera
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $177,690
- Annual tax amount: $2,949
- Price range: $198K - $198K
- Date on market: 2/12/2026
- Cumulative days on market: 157 days
- Listing terms: Conventional,FHA,VA Loan,TX Vet,Cash
- Total actual rent: 2200
Estimated market value
$195,000
$185,000 - $205,000
$1,685/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $198,000-9.6%$147/sqft |
Source:  LERA MLS #1940929 Report a problem | ||
| 2/17/2026 | Price change | $219,000-51.8%$163/sqft |
Source: LERA MLS #1940929 Report a problem | ||
| 2/12/2026 | Listed for sale | $454,000+106.5%$338/sqft |
Source: LERA MLS #1940929 Report a problem | ||
| 1/9/2026 | Listing removed | $219,900$164/sqft |
Source: LERA MLS #1891342 Report a problem | ||
| 9/16/2025 | Price change | $219,900-13.8%$164/sqft |
Source: LERA MLS #1891342 Report a problem | ||
| 8/9/2025 | Listed for sale | $255,000-1.5%$190/sqft |
Source: LERA MLS #1891342 Report a problem | ||
| 7/24/2025 | Listing removed | $259,000$193/sqft |
Source: LERA MLS #1856506 Report a problem | ||
| 7/1/2025 | Price change | $259,000-2.3%$193/sqft |
Source: LERA MLS #1856506 Report a problem | ||
| 4/8/2025 | Listed for sale | $265,000-7%$197/sqft |
Source: LERA MLS #1856506 Report a problem | ||
| 3/27/2025 | Listing removed | $285,000$212/sqft |
Source: LERA MLS #1812128 Report a problem | ||
| 9/27/2024 | Listed for sale | $285,000$212/sqft |
Source: LERA MLS #1812128 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,412 -52.7% | $177,690 -53.1% |
| 2024 | $5,096 +4.6% | $379,170 +8.4% |
| 2023 | $4,872 -8.4% | $349,710 +7.2% |
| 2022 | $5,321 | $326,280 +104.2% |
| 2021 | -- | $159,750 +32.3% |
| 2020 | $2,187 | $120,720 +62% |
| 2019 | -- | $74,540 +370% |
| 2018 | -- | $15,860 |
| 2017 | -- | $15,860 |
| 2016 | -- | $15,860 |
| 2015 | -- | $15,860 |
| 2014 | -- | $15,860 |
| 2013 | -- | $15,860 |
| 2012 | -- | $15,860 |
| 2010 | -- | $15,860 +41.1% |
| 2009 | -- | $11,240 |
| 2008 | -- | $11,240 +105.9% |
| 2007 | -- | $5,460 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78003
Nearby schools
GreatSchools rating
- 6/10Alkek Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 6/10Bandera Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Bandera High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Alkek
- Middle: Bandera
- High: Bandera
- District: Bandera Isd
Source: LERA MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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