— bed, — bath on 0.48 acres in Fredericksburg. Fredericksburg, TX 78624. $2,995,000.
About This Home
A rare opportunity to own a piece of Fredericksburg’s history along iconic Main Street, The Itz Inn is a circa-1895 limestone landmark offering approximately 3,798 SF. Currently operating as a hospitality property, it features four guest suites with private ensuite baths, additional commercial space, and four grandfathered lodging permits. Set across 0.48± acres, the property also offers something increasingly valuable downtown—substantial outdoor space, including a large rear yard, courtyard areas, and rear parking. Historic limestone and pioneer stone construction, exposed stone interiors, high ceilings, wood floors, and original architectural details preserve the distinctive character of the property. An expansive second-story covered gallery porch overlooking Main Street creates a memorable setting for guests, while the courtyards, mature trees, and historic cellar add another dimension to the property. Additional commercial space provides flexibility for a tasting room, retail concept, gallery, office, or expansion of the existing hospitality use. Positioned within walking distance of Fredericksburg’s restaurants, wineries, shops, galleries, and attractions, The Itz Inn brings together established lodging, commercial versatility, generous grounds, and a premier Main Street location. Whether continued as a boutique hospitality property or reimagined as a distinctive mixed-use destination, this landmark presents a compelling opportunity to acquire a substantial downtown property with character, flexibility, and multiple avenues for future use.
- Property Type
- Commercial Sale
- Year Built
- 1895
- Lot Size
- 0.48 acres
Listing information last updated November 3, 2026.
Listed by Fredericksburg Realty
MLS# 4854285 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Heating
- Central,Electric
- Cooling
- Ceiling Fan(s),Central Air,Electric
Exterior & Lot
- Stone
- Pillar
- Post
- Pier
- Slab
- Lot Size
- 0.48 Acres
- Stories
- 2
- Gravel
- Open
- Private
Financial
- Original List Price
- $2,995,000
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
Transaction History
1 record on file
Every recorded listing, sale, and lease at 320 W Main ST, whoever represented it.
- ActiveListed 2026Current price: $2,995,000Original list: $2,995,000MLS 4854285
- Listed · November 3, 2026$2,995,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $2,995,000
- Original list
- $2,995,000
- Price movement
- No verified reduction
- Listed / DOM
- Nov 3, 2026 · 7 days
Virtual Tour

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($599K)
Adjustable assumption - not a lending recommendation.
Home price
$2,995,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Fredericksburg pricing, timing, and property scale. No automated valuation claim.
List price
$2,995,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
7 days
Original to current
No verified reduction
$3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Nov 4, 2026.
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