1911 Palace Drive, New Braunfels, TX 78130
Palace Heights 2 · Comal County
Key Facts
Description
Turnkey investment opportunity in the established Palace Heights neighborhood of New Braunfels. This 3-bedroom, 2-bath home with approximately 1,740 square feet is currently tenant-occupied with a lease in place through **September 30, 2026**, providing immediate rental income for a new owner. The lease may be extended if mutually agreed upon by the tenant and new owner. The home features a functional single-story layout with spacious living areas and is conveniently located near I-35, downtown New Braunfels, shopping, dining, and major employment corridors. Enjoy close proximity to Memorial Elementary School, Walnut Springs Elementary School, and Fischer Park, less than five minutes away, featuring trails, playgrounds, splash pads, fishing ponds, and open green space. Current rent is above the area average, making this an attractive option for investors seeking immediate cash flow while avoiding vacancy costs. It also appeals to buyers planning future owner-occupancy after the lease expires. Documentation is available upon request, including the current lease agreement, updated Seller's Disclosure Notice, foundation repair documentation, engineer's completion report, plumbing repair invoices, appliance replacement receipts, and maintenance records. The seller completed professional foundation repairs in 2023 with an engineer's certification, plumbing repairs, and recent appliance replacements. Property is offered **AS-IS**. Buyers are encouraged to conduct their own inspections and due diligence. The available documentation provides transparency and helps buyers make an informed purchasing decision.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Traditional
Year Built
1986
Living Area
1,663 sq ft
Lot Size
0.24 acres
Garage Spaces
2
Days on Market
151
MLS® Listing#
604127
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Pool
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Windows
Security
Other Structures
Community
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$6,124
Tax year 2025
Parcel Number
43715
Directions
From I35N, take a right onto Walnut. Turn left onto Northpark Ridge. Turn right onto Palace Dr. Home will be on the left.
Affordability Calculator
$60,800
Estimated monthly payment
$1,618/mo
Principal $243,200 · Est. interest $339,286 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Braunfels, TX
- $376,393
- Median Listing Price
- 73
- Median Days on Market
- 2,144
- Median Sq Ft
- $187
- Median Price / Sq Ft
- 2,680
- Active Listings
- This home’s price is 19% below the area median.
- Its price per sq ft is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Braunfels, TX.
Location
Points of Interest in New Braunfels, TX
Showing the New Braunfels area map.
Nearby Schools
Memorial Elementary
Elementary · 0.2 mi away
Walnut Springs Elementary
Elementary · 0.3 mi away
Memorial Primary School
Elementary · 0.4 mi away
New Braunfels Middle School
Secondary · 1.3 mi away
New Braunfels H S Ninth Grade Center
School · 1.3 mi away
New Braunfels Middle School
Elementary · 1.3 mi away
Klein Road Elementary
Elementary · 1.4 mi away
Carl Schurz Elementary
Elementary · 1.5 mi away
New Braunfels Independent School District
Elementary · 1.6 mi away
Lone Star Early Childhood Center
School · 1.7 mi away
Day School
School · 1.8 mi away
Head Start of South Central Texas
School · 1.8 mi away
New Braunfels Independent School District
Elementary · 1.9 mi away
Church Hill Middle School
Elementary · 2.4 mi away
Memorial Early College H S with St Philip's
School · 2.5 mi away
New Braunfels Middle
Secondary · 2.5 mi away
Learning Their Way
School · 2.5 mi away
New Braunfels Independent School District
Elementary · 2.6 mi away
New Braunfels Isd
School · 2.6 mi away
New Braunfels Independent School District
School · 2.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 296 Zyra Ave, New Braunfels, TX | $212,999 | 3 | 2 | 1,411 |
| 4067 Eldorado, New Braunfels, TX | $212,999 | 4 | 2 | 1,575 |
| 16250 Bergara Bend Drive, New Caney, TX | $213,991 | 4 | 3 | 2,039 |
| 3579 Prominence St, New Braunfels, TX | $213,999 | 3 | 2 | 1,402 |
| 219 Sauvignon Pt, New Braunfels, TX | $213,999 | 3 | 2 | 1,411 |
| 1854 Stonechat, New Braunfels, TX | $214,500 | 4 | 2 | 1,667 |
Moving Cost Estimate
EXIT Agents in New Braunfels
Listing Courtesy: eXp Realty LLC - (512) 749-6532