Current MLS property details
104 Scudder Ln #1-8
- Bedrooms
- 1
- Bathrooms
- 1 total
- Living area
- 5,075 sq ft
- Lot size
- 2.600 acres
- Year built
- 1992
- Property type
- Single Family Residence
- Subdivision
- Cypress Creek Condo
Property description
Turnkey investment featuring eight fully remodeled cottages on a landscaped 2.6-acre parcel in Wimberley. Property includes five 1BR/1BA and three 2BR/1BA cottages, all operated as high-performing short-term rentals. Average annual NOI of $214,733 (CPA-verified, 5-year average) with a cap rate of ~8%. Includes all land, improvements, FF&E, business infrastructure, and recent major upgrades. No city or ETJ restrictions, hotel taxes, or big box competition. On-site amenities include dog park, fire pit, open-air pavilion, direct water access easement to Cypress Creek, and ample parking. Flexible management: self-operate, outsource, or lease. Strong repeat guest base, robust direct booking (90% direct booking /10% OTA), and professional marketing assets. Owner financing and 1031 exchange eligible. Supporting docs available.
Listed by Jared English · Congress Realty, Inc.