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605 Lakeshore Ln
Bandera, TX 78003

$469,900 USD

Manufactured Housing Mobile Home Park For Sale  •  122,839 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 122,839 SF
  • Lot Size 2.82 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 9.37 %
  • Zoning Unrestricted Rear 2-Acres
10 Walk Score

Description

The Medina River Retreat: High-Yield Investment Meets Hill Country Serenity
Unlock a rare 9.37% cap rate at only 64% occupancy with a clear path to 18.25% pro-forma returns (no CapEx needed).
Simple upside adjustments include:

+Accept short-term guests (current operator doesn't allow short-term stays)
+Enable online booking (reservations are currently handled by phone and in person meetings)
+Increase average stay rates (current park rates are 28% below competition)

2.82-acres nestled in the prime Texas Hill Country corridor between San Antonio and Bandera, Medina River RV Park & Camping offers the perfect blend of rustic escape and modern convenience. This meticulously maintained property spans 16 full-hookup 20/30/50-amp RV sites, 2 tent sites (1 with 20-amp), and expansion potential for at least 15 more RV sites—all tucked away along the tranquil banks of the Medina River.

The Infrastructure Advantage:
Unlike many rural parks, this site is built for durability and ease of use. It is a "turnkey" dream designed for remote management:

+Redundant Utilities: Dual water sources (City & Well) and fiber-optic internet.
+Permitted Systems: 6 conventional septic systems and 6 metered electrical poles.
+Premium Amenities: Extra-wide sites, mature privacy trees, on-site laundry, shower/restroom facilities, and exclusive riverfront access.

Untapped "Value-Add" Potential:
The property has been passively managed for years, leaving a massive "buy-and-build" opportunity on the table for the next owner:

+Immediate Expansion: Space already available to add 6+ additional RV sites.
+Revenue Optimization: Boost NOI instantly by implementing online bookings, market-rate adjustments, monetizing firewood, laundry, and Wi-Fi, and leasing the additional sites.
+Diverse Income: A steady mix of cross-country travelers, weekend vacationers, and long-term residents ensures year-round occupancy.

Highlights

9.37% Cap Rate with 18.25% Upside (no CapEx needed to achieve)
Robust Infrastructure Floor: Dual water sources (municipal and private well) and fiber-optic connectivity
Expansion-Ready Footprint: Immediately increase your inventory and NOI by developing additional pre-planned RV sites
Management Quick Wins: Massive upside available through minor operational shifts such as implementing online booking, allowing short-term guests, etc.
Built-in Diversification: A recession-resistant mix of short-term vacationers, cross-country travelers, and long-term residents
Optimized for Remote Ownership: Meticulously designed for ease of maintenance and minimal on-site oversight

Financial Summary (Actual)

Net Operating Income: $44,008 USD (2026)
Cap Rate: 9.37 %
Total Expenses: $23,567 USD

Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Fireplace
  • Laundry Facilities
  • Picnic Area
  • Storage Space
  • Washer/Dryer
  • Waterfront
  • Cabana
  • Grill
  • Guest Apartment
  • Walking/Biking Trails
  • Wi-Fi
  • High Speed Internet Access
  • Tub/Shower
  • Yard
  • Bicycle Storage
  • Community-Wide WiFi
  • Composting
  • Lounge
  • Multi Use Room
  • Pet Washing Station
  • Lawn
  • Patio
  • Workshop
  • Study Lounge
  • Fiber Optic Internet
  • Walk-Up

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Thomas Martinez, MBA, GRI, SFR 210-878-6683 Leverage Realty Consulting Group
Thomas Martinez, MBA, GRI, SFR 210-878-6683 Leverage Realty Consulting Group