MLS# 1795683 – 89 Ololo Ln, Fredericksburg, TX 78624

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$1,950,000 - Br/Ba - for Sale in Fredericksburg
Price: $1,950,000
Status: Active
Property Type: Hotel/motel
Year Built: 2020
Days on Website: 233

Courtesy of Phyllis Browning Company, Adrianne Frost (210) 824-7878

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Property Description

Welcome to Ololo, a natural sanctuary just miles from Downtown Fredericksburg, where four beautifully appointed cabins are thoughtfully situated around a magical, giant cedar tree. These income-producing short-term rentals were built in 2020 and have been successful from day one. Behind the private, gated entrance, visitors find the peace that comes with acreage & seclusion. Each unit includes a bedroom, bathroom with tile shower, a private hot tub, outdoor shower, and a front porch with seating. Every cabin is unique, eclectically decorated, luxuriously appointed, and all furnishings can convey. Professionally managed by Heavenly Host and ready for turnkey investment, the business includes two maintenance buildings that make housekeeping & management a breeze. Ololo sits on 6 acres of unrestricted land giving the new owner the ability to add more cabins, RV slips, sports court and other amenities or your dream house. Dedicated well and septic. Additional adjacent acreage and a historic 4,100-SF Pioneer rock house are also available for sale. Just 2.6 miles from the Gillespie County Airport (T82) with a 5,000 ft. long runway. Financials available upon request after client has seen the property.

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Property Details and Features

  • Listing
  • Listing date: 2024-07-24 05:00:00
  • 232 days on market
  • 232 cumulative days on market
  • $929 per square foot
  • Location
  • County: Gillespie
  • Area: 3100
  • Building
  • Built in 2020
  • Approximate age: 5
  • Building/center name: OLOLO
  • Other
  • 2,100 square feet
  • 6 buildings
  • Foundation
  • Slab
  • Roof
  • Metal
  • Interior Features
  • Ceiling height: 10
  • Property
  • Zoning: 0
  • Schools
  • School district: Fredericksburg
  • Miscellaneous
  • Net operating income: $150,000
  • Monthly lease: $0
  • None
  • None
  • No
  • None
  • 4 rentals
  • 8 parking spaces
  • 4 units
  • Other tax: 14.96
  • Taxes
  • Total tax: $3,372
  • City tax: $0
  • County tax: $890
  • $2,468 school tax
  • Property Tax ID: 22807
  • Utilities
  • Water utility supplier: Well
  • Electricity
  • Water
  • Septic
  • Cable TV

Property Map

$1,950,000 – 89 Ololo Ln, Fredericksburg, TX 78624

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The Boehm Commercial Group has decades of experience in the Texas Commercial Real Estate Industry.  The vision from day one has been, “Integrity & Honesty”.  Every action taken and every decision made is filtered through this measure.  Our intense focus on being a source of value to our clients has led us on our mission to be relationship driven.  It is very important to develop lifelong relationships, while assisting our clients with their individual goals and objectives.  With broker relationships across the country, we have the ability to scale our services to accommodate the scope of any project. Call the Boehm Commercial Group for your Texas Commercial Real Estate needs. Click HERE to read what our other clients have said.

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