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605 Lakeshore Ln, 
Bandera, TX 78003

$469,900


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Thomas Martinez

Leverage Realty Consulting Group

800-401-0199

Last updated:

February 25, 2026, 02:44 PM

MLS#

1941213

Source:

LERA

About This Home

605 Lakeshore Ln

Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites, 2 tent sites, and a manufactured home, with ample space to add at least 5 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational modernizations like online bookings, rate optimization, and active marketing (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!

Home Facts

Multi-Family

Built in 2017

Price Summary

469,900

MLS #:

1941213

Last Updated:

February 25, 2026, 02:44 PM

Added:

15 day(s) ago


Structure

Structure

Year Built:

2017


Lot

Lot Size (Sq. Ft):

122,839


Finances & Disclosures

Finances

Price:

$469,900

MLS Logo
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by LERA MLS (Local Expertise Regional Access).  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.