1125 Magnolia St, Lockhart, TX 78644
5,749 SF Specialty Building Offered at $1,400,000 in Lockhart, TX 78644
For Sale
Active
Asking Price $1,400,000
- Property Type
-
Specialty
- Square Feet
- 5,749 SF
- Price / Square Foot
- $244
Listing Contacts
Kay Gourley
- Property Info
Property Overview
BED & BREAKFAST OPPORTUNITY / HOSPITALITY 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 5,759 square-foot residence is nestled on a spacious two-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 five 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 to be finished out.
Perhaps most enticing is the property’s SUP-20-11 zoning approval for operation as a Bed and Breakfast. This, coupled with its historical designation potential offering significant tax credits, makes The Adams Estate an attractive investment or family home. The owner will consider selling the adjacent property located at 1103 Magnolia which has two houses and currently operates as two Airbnbs for an additional price. This would be a total of 2,37 acres just off the square in bustling Lockhart that offers a very unique opportunity. These properties would not be suited for large events but for an intimate and eloquent gatherings with a boutique hotel style ambiance. Owner can send links to the operating Airbnbs and has a topo which includes both properties.
Outdoors, the estate is equally impressive. The City of Lockhart permits the installation of a well to irrigate the expansive grounds and fill a pool, should you choose to add one. The property’s tranquility is preserved by its location away from busy streets, yet it provides ample parking and several access points, enhancing both privacy and convenience.
Historical charm is further highlighted by 1850s French chandeliers and meticulously preserved features such as original hardware and the intricate details of Mediterranean-influenced interiors. Completing the historical journey, the new owner has the opportunity to easily register the house with the National Register of Historic Places to fully realize the benefits of its historic stature. The kitchen and 2 bathrooms present an opportunity for the new owner to create their dream spaces. Attention to irrigation and French drains do need to be addressed.
The Adams Estate isn’t just a home; it's a piece of history offering a luxurious, serene lifestyle and a promising business opportunity, all within walking distance of downtown Lockhart. Discover the legacy and charm of this home.
Lockhart is located 35 minutes from Downtown Austin
25 Minutes from ABIA
20 Circuit of Americas
The Adams Estate boasts an array of elegant features that honor its historical significance while providing modern functionality. It comprises five 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 to be finished out.
Perhaps most enticing is the property’s SUP-20-11 zoning approval for operation as a Bed and Breakfast. This, coupled with its historical designation potential offering significant tax credits, makes The Adams Estate an attractive investment or family home. The owner will consider selling the adjacent property located at 1103 Magnolia which has two houses and currently operates as two Airbnbs for an additional price. This would be a total of 2,37 acres just off the square in bustling Lockhart that offers a very unique opportunity. These properties would not be suited for large events but for an intimate and eloquent gatherings with a boutique hotel style ambiance. Owner can send links to the operating Airbnbs and has a topo which includes both properties.
Outdoors, the estate is equally impressive. The City of Lockhart permits the installation of a well to irrigate the expansive grounds and fill a pool, should you choose to add one. The property’s tranquility is preserved by its location away from busy streets, yet it provides ample parking and several access points, enhancing both privacy and convenience.
Historical charm is further highlighted by 1850s French chandeliers and meticulously preserved features such as original hardware and the intricate details of Mediterranean-influenced interiors. Completing the historical journey, the new owner has the opportunity to easily register the house with the National Register of Historic Places to fully realize the benefits of its historic stature. The kitchen and 2 bathrooms present an opportunity for the new owner to create their dream spaces. Attention to irrigation and French drains do need to be addressed.
The Adams Estate isn’t just a home; it's a piece of history offering a luxurious, serene lifestyle and a promising business opportunity, all within walking distance of downtown Lockhart. Discover the legacy and charm of this home.
Lockhart is located 35 minutes from Downtown Austin
25 Minutes from ABIA
20 Circuit of Americas
Property Details
- Year Built
- 1932
- Stories
- 3
- Lot Size (sq. ft)
- 87,120 SF
Highlights
- Walking distance to the main square in Lockhart, Texas . Located 35 minutes from Downtown Austin, 25 minutes from ABIA, 20 from Circuit of Americas
- This property would be the perfect venue for small groups or events with a boutique hotel ambiance
- Owner will sell the adjacent property which has two structures and are working airbnbs
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