23670 State Highway 16 - Specialty FOR SALE


Medina, TX 78055
$4,500,000 USD
830-377-5302
23670 State Highway 16, Medina, TX for Sale
$4,500,000 USD
Specialty - FOR SALE
1/14
null | Request Cap Rate

23670 State Highway 16
Medina, TX 78055


HIGHLIGHTS

  • The Resort is part of 122.5 acres of beautiful Texas Hill Country.
  • Escondida Resort and Spa includes 10 guest rooms with baths, a large multi-room owner's suite, three (3) homes, and an oversized three (3) car garage.
  • A manager's home is located at the resort which is a three-bedroom, two bath house.
  • It also includes an on-site laundry and a commercial kitchen that has been renovated with a pantry, dishwasher room and a restroom for kitchen staff.
  • An outdoor kitchen with a large outdoor dining terrace overlooks the creek, pool, spa, and hills.
  • There are two dining rooms and two living areas, both with fireplaces.

OVERVIEW

Escondida Resort and Spa is located between Kerrville and Bandera, Texas, on 122.5 acres. The resort is situated on State Highway 16 North, a two-lane switchback road that goes through some of the highest hills in the Texas Hill Country. The Texas Hill Country is a geographic region located in the Edwards Plateau at the crossroads of West Texas, Central Texas, and South Texas. Given its location, climate, terrain, and vegetation, the Texas Hill Country could be considered the very beginning or end of the American Southwest or the American Southeast, depending on which direction one is traveling. The region is notable for its karst topography and tall rugged hills of limestone or granite. Many of the hills rise to a height of 400-500 feet above the surrounding plains and valleys. The Texas Hill Country also includes the Llano Uplift and the second-largest granite dome in the United States, Enchanted Rock. Native vegetation in the region includes various yucca, prickly pear cactus, desert spoon, and wildflowers. The predominant trees in the region are Ashe Juniper, Red Oak and Texas Live Oak. Bound on the east by the Balcones Escarpment, the Texas Hill Country reaches into the far northern portions of San Antonio and the western portions of Austin. As a result of springs discharging water stored in the Edwards Aquifer, several cities such as Austin, San Marcos, and New Braunfels were settled at the base of the Balcones Escarpment. The region's economy is one of the fastest growing in the United States.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Escondida Resort & Spa

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

122.5 AC

LAND SF

5,336,100 SF

ZONING

-

APN/PARCEL ID

R21091,R21126,R64030

ASK ABOUT THIS PROPERTY

Frank SeibertFrank SeibertMore Info
830-377-5302

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Frank SeibertFrank SeibertMore Info
830-377-5302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.