547 LAKE ROAD is located in Medina River Ranch and Rio Vista Ranch; neighborhoods which are located at the top of Medina Lake, where the Medina River flows into the lake. The lake is very low now, and the river is back into its original channel up against a beautiful bluff.
Property improvements include a 4/2 doublewide home, 2 tiny houses, a workshop and 2 RV sites with electric service. The home was built in 1996 and totally remodeled in 2020, resulting in a comfortable and nicely updated river house. There are 4 bedrooms and 2 baths, fireplace, open kitchen/dining, split master and large bath with garden tub and shower. There is a deck on 3 sides of the home. BCAD measures the home at 1620 sq. ft. The tiny homes have not been assessed yet.
The owners developed the property into a vacation rental by adding two tiny homes and two RV sites for additional rentals. They are one bedroom/one bath each plus a kick-out room for an added guest bedroom with sitting area. Tiny House #1 has a fun loft hideaway for kids. There is also a 1500 sq. ft. shop for storing kayaks, water toys and four wheelers or party barn.
The property is in two tracts totaling +/-7.98 Acres. Lot 30 in Medina River Ranch is 6.06 Acres. Lot 27 in Rio Vista Ranch (1.92 Acres) is mostly covered by the river when the lake is up, providing easy water access to the lake. The land is sloping and partially cleared and partially wooded.
Medina River Ranch is accessed by River Trail Road off FM 1283. The property is located at the end of Lake Rd, beyond the county maintenance, next to the property owners’ park. Owners can pay $70. annually if they wish to join the homeowners association and have access to the River Park.
Proposed taxes for 2021 are $3,415. The owners have BEC fiber option, high speed internet.
Price: $595,000. SOLD
Additional information (restrictions for Medina River Ranch and Rio Vista Ranch, survey, elevation certificate, etc.) is available by calling Gail Stone Realty at 830-796-4640 or emailing info@GailStoneRealty.com.