ActiveResidential · sale

1275 LACEY DR

Bandera, TX 78003

$598,500

  • 3 beds
  • 3 baths
  • 2,265 sq ft
  • 4 acres
  • Built 1993

Listed by Wooten Land Co. LLC · MLS #1973296

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1993.

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.

Nestled along the crystal-clear waters of Bandera Creek, this extraordinary private estate offers an exceptional blend of luxury, natural beauty, and timeless Hill Country charm. Set on approximately four meticulously maintained acres, this premier waterfront property delivers an unparalleled lifestyle in one of the Texas Hill Country's most sought-after settings. The stunning two-story ranch-style residence encompasses 2,265 square feet of thoughtfully designed living space, featuring three spacious bedrooms and two-and-one-half baths. Impeccably maintained and beautifully appointed, the home captures breathtaking views of the surrounding landscape while offering warm, inviting interiors ideal for both intimate living and elegant entertaining. Complementing the main residence is a beautifully finished one-bedroom, one-bath guest retreat complete with a loft area, providing sophisticated accommodations for guests, multi-generational living, executive office space, or potential income-producing opportunities. A detached two-car garage offers additional convenience and functionality. The grounds are truly remarkable. Mature trees, lush landscaping, and thoughtfully designed outdoor living spaces create a private sanctuary where nature and luxury coexist. Expansive decks overlook the serene creekfront setting, while picturesque boardwalk walkways meander through the property, inviting residents and guests to experience the beauty of the land from every angle. Rarely does a property combine waterfront tranquility, acreage, guest accommodations, and refined Hill Country architecture with such effortless elegance. Whether envisioned as a full-time residence, luxury retreat, or legacy property to be enjoyed for generations, this exceptional Bandera Creek estate represents a rare opportunity to own a piece of the Texas Hill Country at its finest.

THE NEIGHBORHOOD

Explore the location.

1275 LACEY DR, Bandera, TX 78003

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1993
Full baths
2
Half baths
1
Cooling
One Central
Heating
Central
Flooring
Ceramic Tile, Wood
Exterior
Brick, Wood
Pool features
None
Subdivision
Lacey Park
Parcel
14300000000290
HOA amenities
None
Elementary school
Alkek
Middle school
Bandera
High school
Bandera
Annual property tax
$4,203.04

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$1,454.91
Estimated monthly rent$2,493.75
Cap rate3.17%

Annual operating income: $18,955.16

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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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.

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1275 LACEY DR, Bandera, TX 78003 · MLS #1973296

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Listing information

MLS #1973296 · San Antonio Board of Realtors

Listing brokerage: Wooten Land Co. LLC
Listing agent: Stephanie Mabry

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