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For sale
  • $469,900

    605 Lakeshore Ln, Bandera, TX 78003

    --beds
    0baths
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    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
    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!
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    Zillow last checked:

    Listing updated:

    Listed by:

    Thomas Martinez TREC #811495 (210) 878-6683,

    Leverage Realty Consulting Group

    Source: LERA MLS,MLS#: 1941213MLS Logo

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      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: 156 days
      • Listing terms: Conventional,Cash,Investors OK,Other
      • Total actual rent: 3480

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,403/mo

        Price history

        DateEventPrice
        2/13/2026Listed for sale$469,900-5.1%
        Source: LERA MLS #1941213 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        11/14/2020Listing removed$495,000
        Source: Owner Report a problem
        7/11/2020Listed for sale$495,000+24.1%
        Source: Owner Report a problem
        5/16/2020Listing removed$399,000
        Source: Owner Report a problem
        2/25/2020Price change$399,000-0.3%
        Source: Owner Report a problem
        11/24/2019Price change$400,000+33.8%
        Source: Owner Report a problem
        10/1/2019Listed for sale$299,000
        Source: Owner Report a problem
        10/30/2017Sold--
        Source: LERA MLS #1081127 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lake Medina Shores

        Getting around

        0 / 100
        Car-Dependent
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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