4 beds 3 baths 3,322 sqft

Auction Deal: High-Potential 4BR Home on 2 Acres

Introduction: A Rare Investment Opportunity

If you are searching for a property with serious upside potential at an entry-level price point, this auction listing presents a unique and compelling opportunity. Situated on approximately 1.99 acres in the peaceful setting of Floresville, this 4-bedroom, 3-bathroom home offers over 3,300 square feet of interior space and is ready for a complete transformation.

With an opening bid of just $70,000, this property is clearly positioned to attract investors, house flippers, and buyers who recognize the value of acquiring real estate below market value. While the home requires a full renovation, the size of the structure, the generous lot, and the desirable layout create the perfect foundation for a profitable project or long-term investment.

Auction Details You Need to Know

This property will be sold through a live, in-person real estate auction scheduled for Saturday, August 8 at 11:00 a.m., with registration beginning at 9:00 a.m. on the same day. The auction format is straightforward but requires preparation and understanding of the terms.

The home is being sold strictly AS IS, WHERE IS, meaning the seller will make no repairs or concessions. Buyers must complete all inspections, evaluations, and due diligence before the auction date. There are no contingencies allowed—no financing, no inspection period, and no appraisal conditions. This makes it essential for bidders to be fully prepared and confident before participating.

A 10% buyer’s premium will be added to the final hammer price. For example, if the winning bid is $100,000, the total purchase price becomes $110,000. This premium is due on auction day and can be paid via cash, personal check, or business check with proper bank verification.

Closing is scheduled to take place on or before September 8, providing a relatively quick turnaround for ownership transfer.

Property Overview: Space, Structure, and Potential

This single-family ranch-style home was built in 1985 and features a solid rock and stone exterior, giving it a durable and timeless construction base. With 3,322 square feet of living space, the home offers a generous footprint that can be reimagined into a modern, high-value residence.

The layout includes four bedrooms and three full bathrooms, making it suitable for families or future resale to owner-occupants. The two-level design adds flexibility, allowing for creative redesign options such as separate living quarters, guest suites, or even rental segmentation.

The lot itself spans nearly two acres, providing ample room for expansion, landscaping, outdoor amenities, or additional structures. This is a significant advantage in today’s market, where land is increasingly valuable.

Interior Layout and Features

Inside the home, the existing layout provides a strong starting point for renovation. The main living room is particularly spacious, measuring approximately 30 by 20 feet, offering a large open area that could be transformed into a modern open-concept living space.

A second living area on the upper level adds versatility, whether used as a media room, office, or additional family space. The presence of two fireplaces with stone features adds character and can become a focal point in a redesigned interior.

The kitchen and dining areas are generously sized, each approximately 14 by 14 feet and 20 by 12 feet respectively. These spaces can be reconfigured to meet modern expectations, such as open kitchens with islands, upgraded cabinetry, and contemporary finishes.

Bedrooms are well-proportioned, with the primary bedroom located on the second level offering privacy and separation from the main living areas. The inclusion of three full bathrooms is another strong advantage, especially for resale value after renovation.

Renovation Potential: A Blank Canvas

What makes this property particularly attractive is the opportunity it presents for a full-scale renovation. Unlike partially updated homes, this property allows investors to start from scratch and design according to current market trends and buyer preferences.

Key renovation opportunities include:

• Modernizing the kitchen with high-end finishes and appliances
• Updating bathrooms with contemporary fixtures and layouts
• Replacing flooring, lighting, and interior finishes throughout
• Enhancing energy efficiency with updated systems and insulation
• Reconfiguring spaces for open-concept living

Because the home requires a complete overhaul, investors have full control over design decisions, which can significantly increase the property’s after-repair value (ARV).

Land Value and Outdoor Possibilities

The nearly 2-acre lot is one of the property’s most valuable features. In many markets, land alone can justify a significant portion of the purchase price. This parcel offers privacy, space, and flexibility that smaller lots simply cannot match.

Potential uses for the land include:

• Adding a pool, workshop, or guest house
• Creating outdoor entertainment areas
• Developing landscaping for increased curb appeal
• Utilizing space for RV parking or additional storage

The open parking and absence of HOA restrictions further enhance the property’s flexibility, making it attractive for a wide range of buyers and uses.

Location Advantages

Located in the Shady Oaks Estates subdivision in Floresville, this property benefits from a quiet, rural atmosphere while still being accessible to nearby amenities. Floresville is known for its small-town charm, lower cost of living, and proximity to larger metropolitan areas.

For investors, location plays a critical role in determining resale or rental potential. Properties with larger lots and renovation potential in growing areas often see strong appreciation, especially when improved to meet modern standards.

Financial Upside and Investment Strategy

From an investment perspective, this property stands out due to its low entry price and high potential return. With a price per square foot significantly below market averages, there is substantial room for value creation.

A typical strategy for a property like this might include:

1. Acquiring the property at auction below market value
2. Investing in a full renovation to modernize the home
3. Reselling at a significantly higher price based on improvements

Alternatively, the property could be held as a rental investment, particularly if configured to maximize occupancy or appeal to long-term tenants.

Important Considerations Before Bidding

While the opportunity is strong, it is important to approach this auction with a clear understanding of the risks involved. Because the property is sold without contingencies, buyers must be prepared for:

• Unknown repair costs
• Structural or system issues
• Immediate financial commitment

Conducting thorough due diligence, including property inspections and cost estimates, is essential before participating in the auction.

Why This Property Stands Out

Several factors make this listing particularly noteworthy:

• Large home with over 3,300 square feet
• Nearly 2 acres of land
• Low opening bid creating strong entry potential
• Flexible layout with multiple living areas
• High renovation upside

These elements combine to create a rare opportunity for buyers who are prepared to take on a project and unlock the property’s full value.

Ideal Buyer Profile

This property is best suited for:

• Real estate investors looking for a fix-and-flip project
• Contractors or builders seeking a customizable renovation
• Cash buyers comfortable with auction terms
• Buyers looking for land and space at a low acquisition cost

It may not be ideal for first-time homebuyers or those seeking a move-in-ready residence due to the level of work required.

Conclusion: A High-Risk, High-Reward Opportunity

This Floresville auction property represents the kind of opportunity that experienced investors actively seek—low entry cost, significant upside potential, and the ability to add value through renovation.

With the right vision, planning, and execution, this property can be transformed into a highly desirable home or profitable investment. The combination of size, land, and price makes it a standout option in today’s competitive real estate market.

If you are prepared to act decisively and understand the auction process, this could be your chance to secure a property with exceptional long-term potential.