Market Research Report: 1342 Elm Pass Road, Bandera, TX 78003
Background
The property located at 1342 Elm Pass Road, Bandera, TX 78003, is a single-family residence situated on a 30-acre tract in the Texas Hill Country. Built in 1993, the home encompasses 4,380 square feet and features five bedrooms, four bathrooms, and two master suites. Additional amenities include a large game room, a front porch, and a rock horse barn with four stalls and turnouts. The property is characterized by numerous large post oak trees and abundant wildlife, offering a private and serene environment.
Key Strategic Focus
The property's strategic focus lies in its potential for residential and recreational use, capitalizing on its expansive land area and natural surroundings. The inclusion of a horse barn and the presence of wildlife suggest opportunities for equestrian activities and outdoor recreation. The property's location in the Texas Hill Country enhances its appeal for those seeking a rural lifestyle with access to natural beauty.
Financials and Funding
The property was listed for sale at $699,000, reflecting its market value based on comparable properties in the area. The listing indicates that the property is priced below recent appraisals, suggesting potential for investment and appreciation.
Technological Platform and Innovation
While the property itself does not incorporate specific technological platforms or innovations, its design and amenities reflect traditional construction methods and materials. The presence of a rock horse barn and the integration of large post oak trees indicate a design that harmonizes with the natural environment.
Leadership Team
The property is listed by Clint Neal of Keller Williams City-View, who serves as the listing agent. The seller's agent is Jason Downs of RE/MAX North-San Antonio. Both agents are responsible for facilitating the sale and providing information to potential buyers.
Competitor Profile
Market Insights and Dynamics:
The real estate market in Bandera, TX, is characterized by properties that offer large land areas and access to natural landscapes. Comparable properties in the region include:
- 1288 Elm Pass Rd, Bandera, TX 78003: A 3,360 square foot manufactured home on a 1-acre lot, estimated at $338,950.
- 1104 Elm Pass Rd, Bandera, TX 78003: A property with an estimated value of $783,982, reflecting the demand for larger homes on substantial land.
Competitor Analysis:
Key competitors in the area include properties that offer similar land sizes and amenities, such as horse barns and access to natural resources. The competitive landscape is influenced by factors such as property size, location, amenities, and market demand for rural residences.
Strategic Collaborations and Partnerships
The property is listed through established real estate agencies, Keller Williams City-View and RE/MAX North-San Antonio, which have extensive networks and resources to facilitate the sale. These partnerships enhance the property's visibility and accessibility to potential buyers.
Operational Insights
The property's location in the Texas Hill Country provides a unique selling proposition, offering a blend of privacy and natural beauty. Its amenities cater to individuals interested in equestrian activities and outdoor recreation, distinguishing it from urban properties. The competitive advantage lies in its expansive land area, traditional design, and integration with the natural environment.
Strategic Opportunities and Future Directions
Potential opportunities for the property include:
- Equestrian Ventures: Utilizing the horse barn and land for equestrian activities, such as boarding, training, or riding events.
- Recreational Tourism: Developing the property as a retreat or bed-and-breakfast, capitalizing on its natural surroundings and amenities.
- Land Development: Exploring subdivision or development options, subject to zoning regulations, to create additional residential units.
The property's strengths position it well to achieve these objectives, leveraging its size, location, and existing infrastructure.
Contact Information
For inquiries or further information, potential buyers can contact the listing agent, Clint Neal of Keller Williams City-View, or the seller's agent, Jason Downs of RE/MAX North-San Antonio.
