$243.52 Per Sq Foot $7,516 est/mo Sourced by Back At You

1125 Magnolia St,Lockhart, TX 78644

Lockhart TX, 78644

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Description

Bed & Breakfast zoning,Welcome to The Adams Estate, a magnificent 1932 Tudor Revival style home steeped in the rich history of Lockhart,Texas.Designed for the esteemed oil man, rancher, and developer Fred J. Adams by architect Philip Lloyd Shoop, this grand 5,749 soft. residence is nestled on a spacious 2-acre lot,a tranquil retreat just a stroll away from the vibrant town square.The Adams Estate boasts an array of elegant features that honor its historical significance while providing modern functionality.It comprises 5 generously sized bedrooms and five full baths,each reflecting the timeless charm and meticulous craftsmanship of its era.Original oak wood flooring,parquet,and exquisite Italian mosaics run throughout,leading you through archways and past solid wood doors adorned with nautical scenes and the Adams family crest - a fish.The heart of the home lies in its three wood-burning fireplaces located in the library,living room,and a spectacular basement, formerly Fred Adams' speakeasy.This unique space has beautiful yellow Italian tile, adding a touch of vintage glamour perfect for entertaining, basement does need finish out.Perhaps most enticing is the property’s SUP-20-11 zoning approval for operation as a Bed & Breakfast.This,coupled with its historical designation potential offering significant tax credits,makes The Adams Estate an attractive investment or family home.The home needs a new kitchen, the master bath needs tile,and two showers were shower pans have been replaced.Owner has $25k worth of hardware for baths from Ferguson Plumbing. Owner will consider selling the adjacent property which are two operating airbnbs on .33 acres which could be purchased at an additional price. City of Lockhart will permit a well which could irrigate grounds and pool. This property would not be suited for large events but for more eloquent small gatherings similar to a boutique hotel, weddings, anniversary, and exclusive parties. Hollywood Regency Ambiance at its best!

Details

MLS#1982565
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive Under Contract
Year1932
Days On Site50
Listing Provided ByKuper Sotheby's Int'l Realty | Kay Gourley
Buying Commision3.000%

Features

SQ Feet5,749
Building(s)1
ZoningSUP-20-11 Zoning approval for op
Acreage2.07
Water FrontYes
Property ViewNone

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

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Learn More About This Property

StateTX
CountyCaldwell
CityLockhart
Zip Code78644
AreaCC
Community NameMrs M M Blanks
Listing VS Median (in Mrs M M Blanks)
Price:
$1,400,000
low | high
Med:
$1,400,000
50% of Average
SqFt:
5,749
low | high
Med:
5,749
50% of Average
$ / SqFt:
$244
low | high
Med:
$244
50% of Average
On Site:
50
low | high
Med:
54.000000
92.592592592593% of Average
Sourced by Back At You
Listing Updated: June 24, 2024 at 6:00:48 PM PDT