Property Profile: 125 Scenic Sunrise
Background
125 Scenic Sunrise is a residential property located in Lakehills, Texas, offering picturesque views of Medina Lake and the surrounding Hill Country. This single-family home, built in 1990, has been thoughtfully redesigned to enhance its appeal as a vacation retreat or potential short-term rental.
Key Features
- Location: Situated in Lakehills, Texas, the property boasts scenic views of Medina Lake and the Hill Country.
- Property Type: Single-family residence with a guest cottage/office.
- Size: Main house of 1,364 square feet and a 420 square foot guest cottage.
- Bedrooms/Bathrooms: 3 bedrooms and 1.5 bathrooms in the main house; guest cottage includes a deck and storage room.
- Lot Size: 0.59-acre lot with lake access.
Recent Developments
The property was listed for sale at $288,000 in March 2024 and sold on April 29, 2024. The sale price was not publicly disclosed.
Technological Platform and Innovation
The property has been updated with modern amenities, including a new roof installed in 2019, an AC/heat pump system, water heater, filtration and softening system, and storage tank. Interior enhancements feature new appliances, wood flooring, unique vanities, and a Jacuzzi tub. These upgrades contribute to the property's appeal as a vacation home or potential short-term rental.
Competitor Profile
Similar properties in the Lakehills area that compete with 125 Scenic Sunrise include:
- 242 Scenic Summit: A 3-bedroom, 3.5-bathroom home with 2,921 square feet, listed at $394,000.
- 264 Scenic Sunrise: A 3-bedroom, 2-bathroom home with 1,640 square feet, listed at $281,000.
- 197 Scenic Harbour Drive: A 3-bedroom, 2-bathroom home with 1,472 square feet, listed at $357,380.
These properties offer similar amenities and are positioned within the same market segment, catering to buyers seeking vacation homes or short-term rental opportunities in the Lakehills area.
Strategic Opportunities and Future Directions
The recent sale of 125 Scenic Sunrise indicates continued strong interest in vacation properties within the Lakehills region. Potential future opportunities include:
- Short-Term Rentals: Capitalizing on the growing demand for vacation rentals in scenic locations.
- Property Upgrades: Implementing additional enhancements to increase property value and appeal.
- Market Expansion: Exploring similar properties in neighboring areas to diversify investment portfolios.
