Land with Home for Sale in Fredericksburg, Texas

THE LAKE OVERLOOK ESTATE | Fredericksburg, Texas. 2 Homes on 10± Acres with Panoramic Hill Country Views. Rare opportunity to own a historic Texas Hill Country estate along the highly sought-after Ranch Road 965 in Gillespie County. Situated on approximately 10± scenic acres, this legacy property has remained in the same family since the 1960s and offers panoramic views, privacy, wildlife valuation, and exceptional investment potential in the heart of Texas Wine Country. Property highlights include approximately 10± scenic acres, Wildlife Tax Valuation, prime Ranch Road 965 frontage, panoramic Hill Country and lake views overlooking Voigt Lake, no restrictions, two residences on the property, historic improvements, legacy ownership, and exceptional privacy while remaining just minutes from downtown Fredericksburg. The main residence is a historic Texas Hill Country rock home featuring approximately 4 bedrooms and 2 bathrooms with two bedrooms downstairs and two upstairs. The home showcases original stone construction, historic character, and incredible restoration and modernization potential. A separate guest house offers approximately 2 bedrooms and 1 bathroom, ideal for guests, multigenerational living, caretaker quarters, or future rental income potential. Additional improvements include a large metal workshop/shop building, classic Texas windmill, water tank, high-fenced garden area, mature trees, native landscaping, open pastureland, and recreational space. This versatile Hill Country property is ideal for a private ranch estate, family compound, weekend retreat, short-term rental investment, event venue potential, corporate retreat, hospitality use, or future development opportunity. Conveniently located near downtown Fredericksburg, Texas Wine Trail wineries and vineyards, Enchanted Rock, boutique shopping, restaurants, art galleries, live music venues, and outdoor recreation. Pre-title has been opened with ENV Title Company in San Antonio. Showings are by appointment only. Buyer and buyer's agent must be verified prior to showing confirmation. Proof of funds or lender pre-approval required prior to scheduling. Please allow adequate notice for all showings. Buyer to independently verify acreage, square footage, taxes, schools, restrictions, short-term rental regulations, permitted uses, utilities, wildlife valuation qualifications, and intended use. NO DRIVE-BYS. NO TRESPASSING. SECURITY CAMERAS ON PROPERTY. DO NOT ENTER WITHOUT A CONFIRMED APPOINTMENT.