1125 Magnolia ST Save Request In-Person Tour Request Virtual Tour
Lockhart,TX 78644
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,749 sqft
Price per Sqft $243
Subdivision Mrs M M Blanks
MLS Listing ID 1982565
Originating Board actris
Year Built 1932
Tax Year 2023
Lot Size 2.066 Acres
Acres 2.066
Property Description
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!
Location
State TX
County Caldwell
Zoning SUP-20-11 Zoning approval for operation as a Bed & Breakfast.
Interior
Heating Central,Fireplace(s),Natural Gas
Cooling Ceiling Fan(s),Central Air
Flooring Parquet,Tile,Wood,See Remarks
Fireplace No
Exterior
Utilities Available Electricity Available,Natural Gas Available,Phone Available,Sewer Available
Waterfront No
View None
Parking Type Attached,Door-Multi,Drive Through,Garage Faces Rear,Garage Faces Side,Paved
Total Parking Spaces 10
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Masonry – All Sides,Plaster,Stone,Stucco
New Construction No
Others
Special Listing Condition Standard