ActiveResidential · sale

2939 Palomino Springs

Bandera, TX 78003

$1,599,000

  • 3 beds
  • 4 baths
  • 3,910 sq ft
  • 3.63 acres
  • Built 2015

Listed by Kuper Sotheby's Int'l Realty · MLS #1931540

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PROPERTY QUESTIONS & SHOWINGS

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2939 Palomino Springs, Bandera, TX 78003 · MLS #1931540

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

A walkway from the pool leads you to the Casita.

Details worth a look

Along the path are steps that lead down to a flagstone deck with swing facing the river and a large fire pit for cool calm evenings and star gazing.

Year built

Built in 2015.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

This Hill Country Masterpiece sits on 3.63 acres on a bluff forty feet above the Medina River with 3 bedrooms, 2 full baths and 2 half baths. The 872 sq ft Casita has an additional large bedroom and full bath. (Not included in square footage of the house) Enter the home's foyer featuring an eighteen foot ceiling and stone wall floor to ceiling. The home centers around a great room with a fourteen foot high beamed ceiling and fireplace with a view of the pool and river bluff. One side of the home features a large primary bedroom with vaulted beamed ceiling, large primary bath with ceiling treatment including a whirlpool tub, large shower, access to the outdoor shower, walk in closet with marble island, a dressing table and a separate storage room that also has access to the home office. Also off the foyer is the formal powder room and study. Back to the great room to view an open area that includes dining room with ceiling treatment, island kitchen with lots of storage and a separate bar with sit down counter. Bar has an under counter wine refrigerator and ice maker. Walk through the kitchen to the rear hall to find a bedroom with ensuite bath, secondary powder room, pantry and utility room. Exit here to find the three car garage with mop sink, work counters and extra storage. A walkway from the pool leads you to the Casita. Along the path are steps that lead down to a flagstone deck with swing facing the river and a large fire pit for cool calm evenings and star gazing. Many more custom features in Additional Information.

THE NEIGHBORHOOD

Explore the location.

2939 Palomino Springs, Bandera, TX 78003

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2015
Full baths
2
Half baths
2
Cooling
Three+ Central, Heat Pump, Zoned
Heating
Heat Pump, Zoned, 3+ Units
Flooring
Ceramic Tile, Wood
Exterior
Stone/Rock, Stucco
Accessibility
No Carpet, No Steps Down, No Stairs, First Floor Bath, Full Bath/Bed on 1st Flr, First Floor Bedroom, Stall Shower
Pool features
In Ground Pool, Hot Tub/Sauna
Subdivision
BRIDLEGATE
Parcel
19003000003900
HOA
BRIDLEGATE POA
HOA amenities
Controlled Access, Waterfront Access, Pool, Tennis, Clubhouse, Park/Playground, Lake/River Park, Bridle Path
Elementary school
Alkek
Middle school
Bandera
High school
Bandera
Annual property tax
$17,645.70
HOA fee
$693.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$3,352.97
Estimated monthly rent$6,662.50
Cap rate2.77%

Annual operating income: $44,233.10

HOA: The listing source reports a $693.00 HOA fee, but not a usable payment frequency. HOA costs are not included in this estimate. Choose a monthly amount under Adjust assumptions.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #1931540 · San Antonio Board of Realtors

Listing brokerage: Kuper Sotheby's Int'l Realty
Listing agent: Susan Hallmark

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.