ActiveResidential · sale

1775 Aviation Loop

Fredericksburg, TX 78624

$359,900

  • 900 sq ft
  • 4 acres

Listed by Central Metro Realty · MLS #2005664

A FEW THINGS TO NOTICE

What stands out.

Property size

4 acres listed.

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

THE PROPERTY

Get to know the property.

The only available lot for sale on the BEST airpark runway in Texas!! This runway is 3800 feet long and 80 (yes 80) feet wide with pilot controlled lighting. It was built by the Department of Defense to DOD standards to test drones for the USAF in the early 90's . C-130s landed here easily during the project! It was turned back over to the ranch owner upon completion of the project and after that the neighborhood was developed and lots started to be sold in 2004. There has not been an another empty lot for sale in years. This is your opportunity! The current owner of this 4 acre partially wooded lot has owned the property for 12 years and decided just before Covid to start building. His plans for the future have changed so he is selling. The great news is that much of the difficult work has already been done for the next owner! The seller's flexible drawings, which have been approved by the HOA, go with the sale (see pictures and documents). Basic living quarters in the garage during your build. A driveway has been put in ($25,000). Electricity has been brought in from the street ($18,000). Water has been brought in from the street ($15,000). An oversized 960 sf drive-through garage has been built with a metal roof, with full electric and water and a mini-split for cooling and heating ($75,000). The garage can accommodate 20' x 9' doors. A $1200 Tesla charger in the garage is optional for the new buyer. There has been extensive site work done on the lot with well over $100,000 spent on excavation, gravel and concrete, preparing for the pouring of the slab. The intended living space in the hangar home was going to be 2200 sf with an option for an additional 900 sf, but since the slab has not been poured, your personalized adjustments can be made to take this blank canvas and turn it into your dream hangar home/barndominium. Much of the work in the patio/garden between the garage and the hangar/home has been completed, ready to put the finishing touches on your oasis. (Room dimensions which are required for the listing have been taken from the proposed plans.) Of the $1250 HOA annual fee, half is spent on general maintenance and half is dedicated to only taxiway and runway, keeping the centerpiece of this gated community in excellent condition. Seeing is Believing! If you have never been to Silver Wings in-person, arrange to drive-in or fly-in for a look at this gem of a neighborhood and the only available lot for sale.

THE NEIGHBORHOOD

Explore the location.

1775 Aviation Loop, Fredericksburg, TX 78624

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Full baths
0
Half baths
0
Cooling
Heat Pump
Heating
Heat Pump
Flooring
Other
Exterior
Other
Pool features
None
Subdivision
SILVER WINGS
Parcel
87055
HOA
SILVER WINGS HOA
HOA amenities
Airport Property, Hangar Access, Taxiway Access, Lighted Airfield
Annual property tax
$1,468.84
HOA fee
$1,350.00

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$954.94
Estimated monthly rent$1,499.58
Cap rate3.43%

Annual operating income: $12,359.01

HOA: The listing source reports a $1,350.00 HOA fee, but not a usable payment frequency. HOA costs are not included in this estimate. Choose a monthly amount under Adjust assumptions.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

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

See its potential.
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
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

1775 Aviation Loop, Fredericksburg, TX 78624 · MLS #2005664

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Fredericksburg.

Listing information

MLS #2005664 · San Antonio Board of Realtors

Listing brokerage: Central Metro Realty
Listing agent: Lance Casper

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