ActiveResidential · sale

508 N Orange St

Fredericksburg, TX 78624

$1,749,000

  • 4 beds
  • 3 baths
  • 3,175 sq ft
  • 0.42 acres
  • Built 1945

Listed by eXp Realty · MLS #1944654

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The property includes a beautifully renovated main home along with two additional living spaces that create flexibility for large groups while maintaining privacy.

Year built

Built in 1945.

Property size

0.42 acres listed.

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

THE PROPERTY

Get to know the property.

Exceptional Income-Producing 5-Bedroom Fredericksburg Short-Term Rental with Proven Performance This established and fully operational 5-bedroom, 4-bath Fredericksburg short-term rental presents a rare opportunity in the heart of Texas Wine Country, with a projected gross revenue of approximately $180,000 for 2026 and a newly granted permit allowing up to 12 guests. Offering approximately 3,175 square feet of living space, the thoughtfully designed layout maximizes both comfort and income potential. The property includes a beautifully renovated main home along with two additional living spaces that create flexibility for large groups while maintaining privacy. One of the additional suites offers a private living area, bedroom, and full bath, ideal for guests seeking separation within a group setting. The second detached living space features an expansive living area with a kitchen, spacious bedroom, and full bath located just steps from the main home, allowing for seamless flow while preserving independence. This configuration is highly desirable in the Fredericksburg vacation rental market and supports strong group bookings. With over 100 five-star reviews and a consistent history of bookings, this high-performing Fredericksburg STR has built an exceptional reputation for quality, design, and guest experience. The expanded occupancy approval for up to 12 guests significantly enhances revenue capacity moving forward. Meticulously renovated, the property blends Hill Country charm with modern amenities and designer finishes throughout. Outdoor spaces are designed for entertaining and relaxation, including a charming well house converted into a bar area, a large pergola providing shaded gathering space, an irrigated yard shaded by mature pecan trees, and a hot tub that continues to drive guest appeal and repeat bookings. Most furnishings convey, offering a turnkey, income-producing investment property just minutes from Main Street Fredericksburg, boutique shopping, restaurants, live music, and the Highway 290 Wine Trail. This is more than a home - it is a proven, revenue-generating Fredericksburg vacation rental business with documented five-star performance, expanded occupancy approval, and strong projected growth.

THE NEIGHBORHOOD

Explore the location.

508 N Orange St, 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
Year built
1945
Full baths
3
Half baths
0
Cooling
One Central
Heating
Central
Flooring
Ceramic Tile, Wood
Exterior
Stucco
Pool features
None
Subdivision
OUT/GILLESPIE COUNTY
Parcel
TX
HOA amenities
Other - See Remarks
Elementary school
Fredericksburg
Middle school
Fredericksburg
High school
Fredericksburg
Annual property tax
$16,009.00

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
Estimated monthly rent$7,287.50
Cap rate

Annual operating income:

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.

508 N Orange St, Fredericksburg, TX 78624 · MLS #1944654

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 #1944654 · San Antonio Board of Realtors

Listing brokerage: eXp Realty
Listing agent: Liza Smith

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