98 Grazing Meadow Ln, Fredericksburg, TX, 78624
About This Home
This 3.09-acre homesite is in the new (2023) residential neighborhood of Oakwater in south-central Gillespie County. The property sits approximately 11 miles south of Fredericksburg and 10 miles north of Kerrville, just off Texas State Highway 16 on a paved private road. The land offers attractive views with terrain that ranges from level to gently sloping, providing flexibility for a variety of home designs. Community covenants require a minimum of 1,400 square feet of main living area, and guest houses are allowed. Modular homes may also be permitted with prior written approval from the architectural committee. Before building, the property will require installation of a private water well and septic system. Neighborhood amenities include paved streets, a gated entry, a covered mailbox cluster, and shared community features such as a covered pavilion and playscape for residents to enjoy.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Unimproved Land,Single Family Residence
Property
Details
- Zoning: None
Features
- Waterfront features: None
- Residential vegetation: Other-See Remarks
Lot
- Lot size: 3.09 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Inland Flooding
- Lightning
- Tornado
- Winter Weather
- Cold Wave
- Drought
- Strong Wind
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $697 | $8,364 |
| Home Insurance * | $65 | $780 |
| Property Taxes | $95 | $1,140 |
| Electricity | $238 | $2,859 |
| Total | $1,095 | $13,140 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-09 | Listed for sale | $138,000 |
| 2025-06-30 | Listing removed | $190,000 |
| 2024-08-01 | Listed for sale | $190,000 |
View on Zillow