21 days on rocket

518 E College St, Fredericksburg, TX, 78624

$11,000,000

9.90 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential Land
MLS #1764054
Lot Size9.90 Acres
StatusActive

About 518 E College St

Welcome to Altstadt Village, located in the heart of the charming and historic city of Fredericksburg, Texas, offering over 10 acres of pristine land, the possibilities for a new construction, residential master-planned community are endless. This remarkable opportunity presents a fully developed site plan ready for builders and visionaries alike. A 22 lot development site awaits your vision right in the heart of the Texas Wine Country combining natural beauty with a thriving community atmosphere, situated just three blocks from the restaurants, shopping and attractions of Fredricksburg's famed Main Street. This is the only residential development that has ever been created that is within the city limits of Fredricksburg and is walking distance to the heart of the city. Utilities are in place and ready for a builder to take the next steps with lots ranging from 0.25 to 0.50 acres, some with un-obstructed canyon and hill country views. With its scenic beauty, local culture, and abundant recreational opportunities, this property presents a rare chance to bring a vision to life and meet the growing demand for housing in this highly desirable area. This is the chance to leave a lasting legacy in this vibrant Texas hill country city.

Property Details

Property Features

Listing Office:

  • Office Name: Kuper Sotheby's Int'l Realty
  • Office Phone: (512) 796-2602
  • Listing Agent: Bridget Ramey

Virtual/3D Tour

  • Virtual Tour: 518 E College St

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Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 9.90 Acres

School Info

Assigned Schools Information:

  • Fredericksburg High School, Public District Grades 9-12
  • Fredericksburg Middle School, Public District Grades 6-8
  • Fredericksburg Elementary School, Public District Grades 1-5
  • Stonewall Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: City Limits of Fredericksburg, walking distance to downtown

Price Information

Listing Price Info

Price Summary:

  • List Price: $11,000,000
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Housing Market Comparison

See how this home compares to others in Fredericksburg, TX.

Med. Sold Price

$607K

Med. Price/SqFt

$443

Avg. Days On Market

44

# of Sold Homes

5

518 E College St vs Fredericksburg

21 DAYS ON ROCKET

-23 Days

$11,000,000

+$10.3M More

KEY TAKEAWAY

This property is $10.3M more than the Median Sold Price in Fredericksburg, TX.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #1764054

Listing Office:

  • Office Name: Kuper Sotheby's Int'l Realty
  • Office Phone: (512) 796-2602
  • Listing Agent: Bridget Ramey

IDXDisclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties subject to prior sale, change, withdrawal or rental. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 4/26/2024, 3:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$54.9K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$33K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-736051
5
/10
  • Fredericksburg Elementary School

  • 1608 N Adams St

  • 1.01 miles

  • Public District Grades 1-5

school-card-donut-736052
6
/10
  • Stonewall Elementary School

  • 220 Peach St

  • 12.03 miles

  • Public District Grades KG-5

Middle School

school-card-donut-736053
5
/10
  • Fredericksburg Middle School

  • 110 W Travis St

  • 0.67 miles

  • Public District Grades 6-8

High School

school-card-donut-736054
5
/10
  • Fredericksburg High School

  • 1107 Hwy 16 South

  • 1.67 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,688. Most Fredericksburg, TX residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 518 E College St

What is the listing price of this property?

The listing price of 518 E College St property is $11,000,000.

What type of property is this?

The property 518 E College St is land located in Fredericksburg, Texas, 78624.

Is this property for sale now?

Active Listing: 518 E College St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 518 E College St are:
Fredericksburg Elementary School: GreatSchools Rating 5/10
Stonewall Elementary School: GreatSchools Rating 6/10
Fredericksburg Middle School: GreatSchools Rating 5/10
Fredericksburg High School: GreatSchools Rating 5/10

How much acreage is this property?

The property 518 E College St is 9.90 acres.
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Rocket HomesTexasGillespie CountyFredericksburg78624518 E College St

This home is located at 518 E College St in Fredericksburg, TX and zip code 78624. This home sits on a 9.90 acre lot. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $11,000,000.

Fredericksburg, TX housing market in March 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. The inventory of homes for sale in Fredericksburg, TX between February 2024 and March 2024 increased by 15.4%. In March 2024 median list price was $607,000 and the average listing age was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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