511 Olive St, Fredericksburg, TX, 78624
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Pre-Owned
- Year built: 1960
Materials
- Foundation: Other
- Roof: Composition
- Construction materials: Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Washer,Dryer,Microwave,Range,Indoor Grill,Refrigerator,Dishwasher,Gas Water Heater,Electric Cooktop
- Laundry features: Main Level,Laundry Room,Washer Hookup,Dryer Connection
Bedroom2
- Area: 96
Bedroom3
- Area: 132
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Area: 80
Features
- One Living Area,Liv/Din Combo,Utility Room Inside,Open Floorplan,All Bedrooms Downstairs,Master Downstairs,Ceiling Fan(s),Chandelier,Solid Counter Tops
- Flooring: Ceramic Tile,Wood
- Fireplace features: Not Applicable
Heating & Cooling
- Heating features: Central,1 Unit,Natural Gas
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,588 sqft
Kitchen
- Area: 100
Living Room
- Area: 266
Master Bathroom
- Features: Tub/Shower Combo,Double Vanity
- Area: 70
Master Bedroom
- Features: Outside Access,Ceiling Fan(s),Full Bath
- Area: 323
Property
Details
- Parcel number: 20018
Features
- Levels: One
- Stories: 1
- Has spa: Yes
- Spa features: Heated
- Residential vegetation: Mature Trees (ext feat)
Lot
- Lot size: 0.26 Acres
- Features: 1/4 - 1/2 Acre,Level,Curbs,Streetlights
Parking
- Total spaces: 1
- Parking features: One Car Garage,Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Drought
- 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 | $3,362 | $40,344 |
| Home Insurance * | $314 | $3,768 |
| Property Taxes | $581 | $6,972 |
| Electricity | $238 | $2,859 |
| Total | $4,495 | $53,940 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-15 | Price change | $665,000 |
| 2026-02-26 | Listed for sale | $685,000 |
| 2024-05-20 | Sold | -- |
| 2024-03-12 | Price change | $695,000 |
| 2023-10-04 | Listed for sale | $735,000 |
| 2023-07-09 | Listing removed | -- |
| 2023-02-01 | Listed for sale | $775,000 |
| 2022-01-04 | Listing removed | -- |
| 2021-12-27 | Listed for sale | $585,000 |
| 2021-12-24 | Sold | -- |
| 2021-11-15 | Pending sale | $585,000 |
| 2021-11-12 | Listed for sale | $585,000 |
| 2021-10-30 | Listing removed | -- |
| 2021-10-01 | Price change | $589,900 |
| 2021-08-17 | Listed for sale | $647,000 |
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