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$665,000 - 511 Olive Street, Fredericksburg

3
Bedrooms
2
Baths
1,588
SQ. Feet
0.26
Acres

Welcome to The Olive Branch — a completely renovated, professionally designed 3-bedroom, 2-bath home just minutes from Main Street. Currently operating as a successful, active short-term rental, this R2-zoned property is permitted for STR use and is being sold turnkey, offering an exceptional investment opportunity. Designed with both style and comfort in mind, the home accommodates up to 8 guests and features hardwood flooring, recessed lighting, and quality furnishings throughout. Updates galore and numerous new furnishings make this property truly move-in or rental-ready from day one. The spacious 75’ x 150’ privately fenced backyard creates a true retreat, complete with a hot tub, gas grill, and comfortable indoor and outdoor living spaces ideal for entertaining or relaxing after a day in town. Adding even more versatility is the 24’ x 24’ insulated metal building, fully plumbed and air-conditioned with a half bath — perfect for a future game room, pool house, guest suite conversion (buyer to verify), or additional storage. A rare opportunity to own a stylish, fully furnished, income-producing property in a prime location — inquire for additional details and rental history.

Essential Information

  • MLS® #:
    4197545
  • Price:
    $665,000
  • Bedrooms:
    3
  • Bathrooms:
    2.00
  • Full Baths:
    2
  • Square Footage:
    1,588
  • Acres:
    0.26
  • Year Built:
    1960
  • Type:
    Residential
  • Sub-Type:
    Single Family Residence
  • Status:
    Active

Community Information

  • Address:
    511 Olive Street
  • Subdivision:
    South Heights
  • City:
    Fredericksburg
  • County:
    Gillespie
  • State:
    TX
  • Zip Code:
    78624

Amenities

  • Utilities:
    Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Features:
    None, Curbs
  • Parking:
    Attached, Driveway, Garage Faces Front, Garage
  • # of Garages:
    1
  • View:
    Neighborhood
  • Waterfront:
    None

Interior

  • Interior:
    Tile, Wood
  • Appliances:
    Dryer, Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Stainless Steel Appliance(s), Washer
  • Heating:
    Central, Natural Gas
  • # of Stories:
    1
  • Stories:
    One

Exterior

  • Exterior Features:
    Exterior Steps, Gas Grill, Outdoor Grill, Private Yard
  • Lot Description:
    Back Yard, City Lot, Front Yard, Interior Lot, Level, Few Trees
  • Roof:
    Composition
  • Construction:
    See Remarks
  • Foundation:
    Combination

School Information

  • District:
    Fredericksburg ISD
  • Elementary:
    Fredericksburg
  • Middle:
    Fredericksburg
  • High:
    Fredericksburg (Fredericksburg ISD)

Property Listed by: Kuper Sotheby's Int'l Realty

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 April 26th, 2026 at 8:33pm CDT. 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.