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Fredericksburg · South Heights

$665,000 71 days on market

Reduced from $685,000 · −2.9%

511 Olive St, Fredericksburg, TX 78624

  • 3bedrooms
  • 2bathrooms
  • 1,588sqft
  • 0.26acres
  • 1960year built

About this home

Welcome to The Olive Branch — a completely renovated, professionally designed 3-bedroom, 2-bath home just minutes from Main Street. Currently operating as a successful, active short-term rental, this R2-zoned property is permitted for STR use and is being sold turnkey, offering an exceptional investment opportunity. Designed with both style and comfort in mind, the home accommodates up to 8 guests and features hardwood flooring, recessed lighting, and quality furnishings throughout. Updates galore and numerous new furnishings make this property truly move-in or rental-ready from day one. The spacious 75’ x 150’ privately fenced backyard creates a true retreat, complete with a hot tub, gas grill, and comfortable indoor and outdoor living spaces ideal for entertaining or relaxing after a day in town. Adding even more versatility is the 24’ x 24’ insulated metal building, fully plumbed
and air-conditioned with a half bath — perfect for a future game room, pool house, guest suite conversion (buyer to verify), or additional storage. A rare opportunity to own a stylish, fully furnished, income-producing property in a prime location — inquire for additional details and rental history.

Property

Type
Single Family Residence
Levels
One
Year built
1960
Lot size
0.26 acres
Subdivision
South Heights
MLS #
ACT4197545

Inside

Bedrooms
3
Bathrooms
2
Living area
1,588 sqft

Outside / parking

Garage spaces
1

Costs

Est. annual taxes
$7,604 (2025)

Listing

First listed
Feb 26, 2026
Days listed
71
Original price
$685,000
Status
Active

Listed by Kelly Jo Gonzalez, Kuper Sotheby's Int'l Realty · [email protected] · MLS# ACT4197545 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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