Thank you
Geoffrey Carl
Compass RE Texas, LLC - SA
210-810-0363
The Pearl Cottage and Pearl Loft are premiere short term rental developments 2 blocks from the Riverwalk and Pearl district. Myrtle St dead-ends into the iconic Hotel Emma Riverwalk bridge. You can't find a better location near the Pearl! The property is sold as-is, fully furnished with linens and supplies, including the fully functioning Airbnb & VRBO short term rental accounts with over 200 reviews averaging 4.95 stars. In 2021, the property finished a remodel of the Cottage home with an addition of 900 sq. feet, as well as the new construction of a two car garage with a modern 1400 sq. feet open concept loft above. The properties each have private entrances, but adjoin through a deadbolt locked door in the laundry room. The cottage designed and remodeled for hosting larger groups of people, but can be easily transitioned to accommodate a family. The kitchen opens into the dining and living room space with vaulted ceilings. The principal suite in the rear of the house is serene and feels separate from the front of the house, with French door access to a lovely backyard hideaway. The loft design is entirely open concept. There are only 2 doors in the unit: 1 to a full bath down stairs, and 1 to a lockable storage closet. The remainder is entirely open and free-flowing. The living room has 23' ceilings and can accommodate gatherings up to 20-30 people comfortably. The mezzanine currently has a desk and a day bed that converts into a king with luxury mattress. The principal suite is on the 3rd floor with French door access to a sky deck with view of the Pearl and San Antonio downtown skyline. There are many different options for use of this property. A few strategies include: continue to rent to short or long term prospects either both properties together or separate, live in one property or the other and rent the unoccupied side, live in and enjoy both properties with plenty of room for family or guests. The property and location are extraordinary opportunities for a small business or high quality of life residential living. The owners are moving and transitioning to new properties in their new location. They have steadily grown the business through careful management to the point where 2022 gross revenue was $195K and 2023 is on pace to hit that number again. The rental revenue and expense data is available upon request to serious buyers.
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Total Bedrooms : 5
Master Bedroom Dimensions: 13 x 23
Master Bedroom Width: 23
Master Bedroom: Dual Primaries
Master Bedroom 2 Dimensions: 15 x 16
Bedroom 2 Dimensions: 12 x 13
Bedroom 3 Dimensions: 12 x 13
Bedroom 4 Dimensions: 11 x 12
Dining Room Dimension: 12 x 10
Kitchen Room Dimension: 12 x 13
Living Room Size: 17 x 24
Dining Room Size: 12 x 10
Two Living Area,Eat-In Kitchen,Two Eating Areas,Island Kitchen,Breakfast Bar,Study/Library,Loft,High Ceilings,Open Floor Plan,Cable TV Available,High Speed Internet,Laundry Main Level,Laundry Room,Walk in Closets,Attic - Access only
Wood,Laminate
Heating: Central
Cooling: One Central,3+ Window/Wall
Year Built: 1930
Construction: Pre-Owned
Pool Type: None
Lot Size: 0.1377
Main Square Feet: 3,173
SQ ft: 3,173
Subdivision: Tobin Hill
Original List Price: $1,495,000
Possession: Closing/Funding
Tax Year: 2023
Parcel Number: 067930050470
Taxes : 22173
Elementary School: Hawthorne
Junior High School: Hawthorne Academy
Senior High School: Fox Tech
School District: San Antonio I.S.D.
Fire Place: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
700 E Hildebrand Ave #1.., San Antonio, TX,78212 | $910,000 | 2 | 3 | 3,101 | -- |
411 E Rosewood Ave, San Antonio, TX,78212 | $2,300,000 | 4 | 6 | 5,937 | 0.528 Acre |
1024 Blanco Rd 1, San Antonio, TX,78212 | $75,000 | -- | -- | -- | 0.2296 Acre |
501 W French Pl, San Antonio, TX,78212 | $1,890,000 | 3 | 3 | 6,870 | 0.35 Acre |
106 Ewald St, San Antonio, TX,78212 | $290,000 | 2 | 1 | 646 | 0.048 Acre |
206 San Angelo, San Antonio, TX,78212 | $190,000 | 2 | 1 | 1,060 | 0.145 Acre |
631 E Mistletoe Ave, San Antonio, TX,78212 | $399,000 | 2 | 1 | 1,020 | 0.092 Acre |
126 Bushnell Ave, San Antonio, TX,78212 | $5,500,000 | 5 | 7 | 10,780 | 2.011 Acres |
941 W Myrtle St, San Antonio, TX,78212 | $370,000 | 3 | 2 | 1,882 | 0.109 Acre |
417 E Evergreen St, San Antonio, TX,78212 | $360,000 | -- | -- | 2,609 | 0.332 Acre |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of SABOR MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2024 SABOR MLS. All rights reserved.
ByOwner last updated this listing 05/13/2024 @ 18:48
MLS: 1718140
LISTED BY: Geoffrey Carl, Compass RE Texas, LLC - SA
SOURCE: SABOR - San Antonio
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.