Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites and 2 tent sites, with ample space to add at least 6 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational adjustments like online bookings, rate optimization, and accepting short-term guests (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!
For sale
$469,900
605 Lakeshore Ln, Bandera, TX 78003
--beds
0baths
--sqft
Multi Family
Built in 2017
-- sqft lot
$-- Zestimate®
$--/sqft
$10/mo HOA
What's special
Exclusive riverfront park accessHigh-speed fiber internetOn-site laundryCovered pavilionsExtra-wide sitesPark office with storagePark-owned security system
- 234 days
- 71
- 4
Zillow last checked:
Listing updated:
Listed by:
Thomas Martinez TREC #811495 (210) 878-6683,
Leverage Realty Consulting Group
Source: LERA MLS,MLS#: 1941213
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other, Electric
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Laminate
- Has basement: No
Property
Parking
- Total spaces: 24
- Parking features: Parking Pad, Pad, Garage Apartment
Features
- Levels: One
- Patio & porch: Patio, Covered
- Waterfront features: Water Front Improved, Improved Water Front, Water Access
- Body of water: Lake Medina
Lot
- Size: 2.82 Acres
- Features: Level
- Residential vegetation: Mature Trees, Partially Wooded, Mature Trees (ext feat)
Details
- Additional structures: Workshop
- Parcel number: 00936003110044
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Other
- Foundation: Other
- Roof: Metal
Condition
- Year built: 2017
Details
- Builder name: Multi
Utilities & green energy
- Electric: BEC, Separate Electric Meter(s), Common Electric Meter(s)
- Gas: Private
- Sewer: Septic, Septic
- Water: Multi, Separate Water Meter(s), Common Water Meter(s)
Community & HOA
Community
- Features: Detached Quarters, Common Utility Room
- Security: Security System
- Subdivision: Lake Medina Shores
HOA
- Has HOA: Yes
- HOA fee: $120 annually
- HOA name: LAKE MEDINA SHORES OWNERS ASSOCIATION
Location
- Region: Bandera
Financial & listing details
- Tax assessed value: $91,580
- Annual tax amount: $2,909
- Price range: $469.9K - $469.9K
- Date on market: 2/13/2026
- Cumulative days on market: 234 days
- Listing terms: Conventional,Cash,Investors OK,Other
- Total actual rent: 3480
Estimated market value
Not available
Estimated sales range
Not available
$1,220/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Listed for sale | $469,900-5.1% |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/14/2020 | Listing removed | $495,000 |
Source: Owner Report a problem | ||
| 7/11/2020 | Listed for sale | $495,000+24.1% |
Source: Owner Report a problem | ||
| 5/16/2020 | Listing removed | $399,000 |
Source: Owner Report a problem | ||
| 2/25/2020 | Price change | $399,000-0.3% |
Source: Owner Report a problem | ||
| 11/24/2019 | Price change | $400,000+33.8% |
Source: Owner Report a problem | ||
| 10/1/2019 | Listed for sale | $299,000 |
Source: Owner Report a problem | ||
| 10/30/2017 | Sold | -- |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,174 +21.2% | $86,501 +17.3% |
| 2024 | $969 +13.1% | $73,764 +20% |
| 2023 | $856 +6.7% | $61,470 +25% |
| 2022 | $802 | $49,190 +52.9% |
| 2021 | -- | $32,180 +29% |
| 2020 | $452 | $24,950 |
| 2019 | -- | $24,950 +57.2% |
| 2018 | -- | $15,870 +16.6% |
| 2017 | -- | $13,610 |
| 2016 | -- | $13,610 |
| 2015 | -- | $13,610 |
| 2014 | -- | $13,610 -0.1% |
| 2013 | -- | $13,630 -10% |
| 2012 | -- | $15,140 |
| 2010 | -- | $15,140 -18.6% |
| 2009 | -- | $18,600 +25.3% |
| 2008 | -- | $14,850 +4.9% |
| 2007 | -- | $14,150 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lake Medina Shores
Nearby schools
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.





