611 County Road 340A
Burnet, TX 78611

Wildflower Meadows is a rare senior-housing value-add and development opportunity in the Texas Hill Country: an established, fully occupied 14-unit independent living cottage community offered together with a pad-ready expansion parcel that already has septic installed for up to six additional cottages. The land, utilities, and septic — the hardest and most expensive site work — are already in the ground, giving a buyer a clear runway to grow the community by roughly 40% while collecting in-place income from day one. The expansion capacity is included in the sale and is not reflected in the going-in pricing.

Offered at $2,500,000 — just $178,571 per unit, below replacement cost for comparable cottage construction — the community sits on 3.30 acres across three parcels, roughly an hour northwest of Austin. Wildflower Meadows is currently 100% occupied at a 100% private-pay census and is offered owner-operated, with no third-party management fee in place. In-place operations produce strong cash flow (approximately an 8% in-place cap), with additional upside from a July 2026 rate increase and several units still priced below the published rate card.

?Development pad included — septic installed for up to six additional cottages (~40% unit growth), with site work already in the ground
?14 cottage-style independent living units / 14 beds · ±13,674 SF · 3.30 acres across three parcels
?Currently 100% occupied · 100% private pay
?Offered at $2,500,000 — $178,571 per unit, below replacement cost
?Strong in-place cash flow — approximately an 8% in-place cap on current operations
?Value-add path toward a low-double-digit stabilized yield via the July 2026 rate increase and re-tenanting below-market units
?Owner-operated with no management fee — step in as operator or layer in third-party management
?Unlicensed independent living in unincorporated Burnet County — no state license or certificate of need required
?Clinical continuity available — a registered nurse, can remain as a contract RN under new ownership