$1,400,000

1125 Magnolia Street, Lockhart, TX

2.07

Acres

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!

Facts & Features

ListingFeed abor
MLS® # 1982565
Price $1,400,000
Bathrooms 0.00
Acres 2.07
Year Built 1932
Type Commercial
Sub-Type Hotel/Motel
Status Active Under Contract

Community Information

Address 1125 Magnolia Street
Subdivision Mrs M M Blanks
City Lockhart
County Caldwell
State TX
Zip Code 78644

Amenities

Utilities Electricity Available, Natural Gas Available, Phone Available, Sewer Available
Parking Attached, Door-Multi, Garage, Paved, Garage Faces Rear, Garage Faces Side, Drive Through
View None
Is Waterfront No
Has Pool No

Interior

Interior Parquet, See Remarks, Tile, Wood
Heating Central, Fireplace(s), Natural Gas
Fireplace No

Exterior

Construction Masonry, Stone, Stucco, Plaster
Foundation Pillar/Post/Pier, Basement

Additional Information

Zoning SUP-20-11 Zoning approval
Foreclosure No
Short Sale No
RE / Bank Owned No
Contact Details (512) 994-9507

Listing Map

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