511 Olive Street
Fredericksburg, TX 78624
3
Bed
2
Bath
1,588Sqft
0.26Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Roofing Information
CompositionFlooring Information
Tile, Wood -
Interior Features
CeilingFans, Chandelier, DoubleVanity, GraniteCounters, MainLevelPrimary, OpenFloorplan, RecessedLighting, SeeRemarks, StorageRoof: CompositionAppliances: Dryer, Dishwasher, ElectricRange, GasWaterHeater, Microwave, Refrigerator, RangeHood, StainlessSteelAppliances, WasherLaundry Features: Inside, LaundryRoom, WasherHookup -
Heating & Cooling
Heating: Central, NaturalGas Has Cooling: Yes
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Building Information
Year Built: 1960Construction Materials: SeeRemarksStories: 1Pool Features: NonePrivate Pool: NoWater front Features: NoneView: Neighborhood -
Exterior Features
Exterior Features: ExteriorSteps, GasGrill, OutdoorGrill, PrivateYard
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Lot Information
Main Square Feet: 0.257 Lot Size Acres: 0.257 Lot Description: BackYard,CityLot,FrontYard,InteriorLot,Level,FewTreesProperty Information
Subdivision: South Heights Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: West Levels: One Property Age: 66
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Listing Price Information
Listing Price: $665000Cash, Conventional, FHA, VaLoan
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Tax Information
Parcel Number: S14500040000200 Tax Lot: 2-PT & 3 Tax Block: 4 Tax Year: 2025 Annual Tax: $7603.73 Tax Legal Desc: SOUTH HGTS BLK 4 LOT 2-PT & 3
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Virtual Tour
Parking Information
Attached, Driveway, GarageFacesFront, GarageGarage Information
Garage Space: 1
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School Information
Elementary School: Fredericksburg Junior High School: Fredericksburg Senior High School: Fredericksburg (Fredericksburg ISD) -
Utility Information
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: From Main St, go south onto S Eagle St then turn right onto Apple St then left onto S Olive St. Property on left. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5386 Ranch Road 1376 #172, Fredericksburg, TX, 78624 | $359,900 | 2 | 1 | 409 | 409 SqFt |
| 168 Resort Court, Fredericksburg, TX, 78624 | $1,250,000 | 2 | 3 | 1,500 | 1,500 SqFt |
| 16 Ale Court, Fredericksburg, TX, 78624 | $750,000 | 3 | 3 | 1,500 | 1,500 SqFt |
| 22 Ale Court, Fredericksburg, TX, 78624 | $800,000 | 3 | 3 | 1,504 | 1,504 SqFt |
| 5386 Ranch Road 1376 #4, Fredericksburg, TX, 78624 | $329,000 | 1 | 1 | 409 | 409 SqFt |
| 17 Ale Court, Fredericksburg, TX, 78624 | $750,000 | 3 | 3 | 1,500 | 1,500 SqFt |
| 174 Teal Street, Fredericksburg, TX, 78624 | $515,005 | 5 | 3 | 2,594 | 2,594 SqFt |
| 178 Teal Street, Fredericksburg, TX, 78624 | $515,005 | 5 | 3 | 2,594 | 2,594 SqFt |
| 177 Teal Street, Fredericksburg, TX, 78624 | $526,990 | 5 | 3 | 2,594 | 2,594 SqFt |
| 175 Teal Street, Fredericksburg, TX, 78624 | $476,990 | 4 | 2 | 2,134 | 2,134 SqFt |
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ByOwner last updated this listing 06/09/2026 @ 16:19
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