511 Olive

Fredericksburg, TX 78624 · Gillespie County

$685,000Price
3Beds
511 Olive
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Description

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.

Contact Agent

C
Col Realty
Col Realty
(512) 699-3810

Property Details

StatusActive
MLS #ACT220551501
Taxes$7,604 (2025) / year
TypeResidential
Year Built1960
Lot Size0.26 AC / 11,194 SF
CountyGillespie
SubdivisionSouth Heights
Garage Spaces1

Property Information

Interior

See RemarksCeiling Fan(s)ChandelierGranite CountersDouble VanityOpen FloorplanPrimary Bedroom on MainRecessed LightingStorage

Exterior

Exterior StepsGas GrillOutdoor GrillPrivate Yard

Appliances

DishwasherDryerElectric RangeMicrowaveRNGHDRefrigeratorStainless Steel Appliance(s)WasherWater Heater

Community

None

Parking

AttachedDrivewayGarageGarage Faces Front

Utilities & Construction

Heat: Central, Natural GasAC: Ceiling Fan(s), Central Air, ElectricTile, WoodRoof: CompositionFoundation: Combination
🏊 Pool

Directions: From Main St, go south onto S Eagle St then turn right onto Apple St then left onto S Olive St. Property on left.

Location

Property History

DateEventPrice
Mar 1, 2026 Listed (Active) · MLS# ACT220551501 $685,000

Full transaction history may not be available. Data sourced from ACTRIS MLS.

Public Records

Tax Record 2025$7,604
Year Built1960
Beds3
Lot Size11,194 Sq. Ft.
StyleResidential
CountyGILLESPIE
MLS #ACT220551501

Schools

E
Fredericksburg
Public · Elementary · Serves this home
M
Fredericksburg
Public · Middle School · Serves this home
H
Fredericksburg (Fredericksburg ISD)
Public · High School · Serves this home

Please verify enrollment eligibility directly with schools.

$685,000
511 Olive, Fredericksburg, TX

By submitting, you agree to be contacted by Col Realty.

Payment Estimate

Estimated monthly payment
Principal & Interest
Property Taxes

For illustrative purposes only. Contact a lender for accurate figures.