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
Schools
- Elementary
- Fredericksburg
- High school
- Fredericksburg (Fredericksburg ISD)
- District
- Fredericksburg ISD
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
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