511 Driftwood Dr, Burnet, TX 78611 - MLS# 1255770

Hotel/Motel Sold in Burnet > 78611 > Grandview Beach > 511 Driftwood DR


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Square Ft.
Year Built
MLS® #: 1255770 Sold on

Waterfront resort with nine cabins plus a house with pool on short term rental plus a 10 space RV park. Excellent cash flow with great prospect for more. several cabins need some repair which would only increase income. RV park has 5 RV's on a quarterly agreement.

Price History for 511 Driftwood Dr

Date MLS # Details Price
1255770 - Commercial Sale Sold - 35 days (175 days total) $
1255770 - Commercial Sale Pending - Taking Backups - 104 days $395,000
1255770 - Commercial Sale Price Decrease - 36 days $395,000 - $25,000
1255770 - Commercial Sale New $420,000

Property Details for 511 Driftwood Dr

Size and Restrictions
  • Acres: 1.50
  • $/Acre: $263,333
  • Land Area: 1.50
  • Restrictions: Deed Restrictions
  • Property Subtype: Commercial Sale - Hotel/Motel
  • Parking: 19 - On-Site Parking
  • Pool: Yes
  • View: Hill Country, Lake/River
  • Water Access: Yes - Public Ramp
  • Waterfront: Yes - Lake
  • Water: Well On Property
  • Separate Meter: Yes
  • Utilities: Electricity on Property
  • Sewer: Septic on Property

Interior Features for 511 Driftwood Dr

Heating and Cooling
  • Heating: Wall Unit
  • Air Conditioning: Window Unit
Interior Features
  • Flooring: Sheet Vinyl

Building Information for 511 Driftwood Dr

Building Information
  • Construction: Concrete Block
  • Foundation: Slab
  • Roof: Composition Shingle
Garage and Parking
  • Parking: 19 - On-Site Parking

Financials for 511 Driftwood Dr

Financial Information
  • $/Square Foot: $105
  • $/Acre: $263,333
  • Acceptable Financing: Cash, Conventional
Property Taxes
  • Estimated Taxes: $3,649
  • Tax Rate: 1.78% - 2017

Properties for Sale Similar to 511 Driftwood Dr, Burnet, TX View On Map

Property Listed by: RE/MAX Lakes and Hills

The information being provided is 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. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from November 17th, 2019 at 11:55pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.