See Home Value
Gillespie 78624
554 Seven Falls Dr
$1,608,700
● House - Off Market

554 Seven Falls Dr

Fredericksburg, TX 78624
bedrooms
7 Beds
bathrooms
6 Baths, 2 Half Baths
square feet
6,172 Ft²
$11,772
Est. Monthly
$21
HOA / Fees
0.35%
Cap Rate

About This Property

This exceptional property in Gillespie County offers limitless potential in a prime Hill Country location, just minutes from Fredericksburg and a short drive to Johnson City. Whether you're looking for a primary residence, a multigenerational retreat, or a high-end corporate getaway, this home adapts to your vision. Currently operating as a highly rated 5-star short-term rental, it's already a successful investment with the flexibility to serve multiple purposes. The spacious main home, with its beautifully designed attached suites and top-tier finishes, offers multiple configurations to suit your needs. Whether you envision a private residence with guest quarters, a multi-unit rental, or a combination of both, this property can be tailored to fit your lifestyle and investment goals. With its proximity to renowned wineries, local attractions, and the best of Hill Country living, this is a rare opportunity to own a truly versatile property.
Unit Size
6,172 Ft²
Days on Market
-
Land Size
5.55 acres
Price per sqft
$323
Property Type
House
Property Taxes
$1,955
HOA Dues
$21
Year Built
2020

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Last updated: 18 days ago (LERA #1908422)

Price History

Date / Event Date Event Price
Sep 21, 2026 Sold
Sold
Aug 20, 2026 In contract -
In contract
Apr 21, 2026 Price Decreased $1,995,000
↓ $205K (9.3%)
Price Decreased
Oct 1, 2025 Price Decreased $2,200,000
↓ $197K (8.2%)
Price Decreased
Sep 19, 2025 No longer available -
No longer available
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Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Living Units: 5
  • Business/Commerical Units Count: 5
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,050
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 241,976
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,368
  • Gross Building Area: 6,261
  • Building Area: 3,368
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEVEN FALLS RANCH
  • Land Acres: 0000005555
  • Standard Land Use Code: 1001
  • County Land Use Code: F1B
  • Legal Description 1: SEVEN FALLS RANCH LOT 2, 5.555, -HOMESITE & B&BS- -HOMESITE & B&BS-

Neighborhood

  • School District Name: Fredericksburg Independent School District
  • Census Tract: 950100

Geography

  • Account Number: S1439-0000-000200
  • Subdivision Tract Number: 2
  • Parcel: 77032
  • Lot: 2
  • Municipality: FREDERICKSBURG
  • Latitude: 30.2938
  • Longitude: -98.6375

    Address

  • Full Address: 554 Seven Falls Dr
  • Address - House Number: 554
  • Address - Street Name: Seven Falls
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Fredericksburg
  • Carrier Code: R001
  • 4-Digit Zip Code: 2755
  • Zip Code: 78624

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,386,664
  • Tax Rate Code Area: G086,HUW,S

    Appraisal Valuation

  • Standard Deviation: 0.259
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 63
  • Final Value: 3,509,817
  • High Value: 4,419,116
  • Low Value: 2,600,518

    Market Valuation

  • Market Total Value: $2,490,000
  • Market Land Value: $252,030
  • Market Improvement Value: $2,237,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,324,994
  • Assessed Land Value: $252,030
  • Assessed Improvements Value: $2,237,970

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 01, 2015
  • Current Sale Recording Date: Apr 09, 2015
  • Current Sale Price:
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 20151386
  • Previous Sale Recording Date: Mar 03, 2009
  • Previous Sale Contract Date: Feb 23, 2009
  • Previous Sale Document Type: 70

    Previous Mortgages

  • Previous Mortgage Lender:
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gillespie


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Frequently Asked Questions

When was property at 554 Seven Falls Drive built and last sold?
The property at 554 Seven Falls Drive was built in 2020 and last sold on Apr 1, 2015 for $50,000.
How much is this home worth?
The estimated value of the home located at 554 Seven Falls Drive is $2,222,000.
What are some comparable homes to 554 Seven Falls Drive?
There are currently no comparable homes to 554 Seven Falls Drive.