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1500 Spoke Hollow Road
Wimberley, TX 78676
$2,900,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3311
Property Description
Step into the rich history of Spoke Hollow Ranch, where the warmth of the early '50s embraces you in the original ranch home. Nestled in the Wimberley Valley along Spoke Pile Creek, this hidden retreat offers breathtaking views of serene hills & a captivating landscape. As you wind down the driveway, an immediate sense of peace envelops you as majestic oaks grace the front lawn. The home, now perfectly situated on 10+ acres, was once the heart & soul of the ranch. Conservation-minded family members took over stewardship of the ranch where the land continues to be cherished & cared for today. Located outside city limits with no deed restrictions, the property offers boundless potential for a variety of uses including a resort, wedding venue, short term rentals or a family compound. The home has undergone thoughtful renovations to preserve its mid-century modern aesthetic, featuring interior rock walls & columns, original wood flooring, tilted jalousie windows & a wood-burning fireplace. The spacious kitchen features on-site built cabinets, granite countertops & a longleaf pine island. The kitchen flows into the dining room, a cozy bar & 2 living areas. The remodeled primary suite features stunning views, a sitting area, 3 closets, built-ins, & an adjacent flex room. On the far side of the home, 2 bedrooms share a connecting bathroom & a 3rd living area. Step outside to discover a sparkling inground pool, creekside patio, barn, fenced garden area, chicken coop & a 770 SF workshop/garage that could be repurposed as a guest cottage. Although the home is serviced by Wimberley Water Supply, the well could potentially be restored to provide an additional water source. The property spans 10.3 acres on 2 tracts, w/half remaining relatively untouched. Partially high-fenced, the tract boasts 452+ feet fronting Spoke Pile Creek which comes to life w/cascading waterfalls after a replenishing rainfall.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
1952
MLS Number
542487
Location
Address
1500 Spoke Hollow Road
City
Wimberley
State
TX
Zip Code
78676
County
HAYS
Listing
Provider
Hills of Texas Realty, original listing
Name
Hills of Texas Realty
Phone
(512) 722-3267
Office Name
Hills Of Texas Sky Realty
Office Phone
(512) 722-3267
Agent Name
Barbara Latimer

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.