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Keenan Group#1 Austin Board of Realtors Team 2024

$2,995,000

0Beds
0.48 acresLot

320 W Main St, Fredericksburg, TX 78624

Fredericksburg·MLS# 4854285·Built 1895·7 days on market

— 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

Generous 0.48-acre lot

Facts & Features

Interior
Heating
Central,Electric
Cooling
Ceiling Fan(s),Central Air,Electric
Exterior & Lot

Construction

  • Stone

Foundation

  • Pillar
  • Post
  • Pier
  • Slab
Lot Size
0.48 Acres
Stories
2

Parking

  • 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.

  1. ActiveListed 2026
    Current price: $2,995,000Original list: $2,995,000MLS 4854285
    1. 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.

View Timeline
Current list
$2,995,000
Original list
$2,995,000
Price movement
No verified reduction
Listed / DOM
Nov 3, 2026 · 7 days

Virtual Tour

Virtual tour of 320 W Main St
Map showing 320 W Main ST
320 W Main ST
Directions
Principal & interest
$16,231

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: $2.4M

Loan details

Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-11-05
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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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Verified property facts

Frequently Asked Questions

How much is 320 W Main St?

320 W Main St is listed at $2,995,000 with 0 bedrooms, 0.48-acre lot. This places it above the ZIP 78624 single-family closed-sale median price of $620,000 (ZIP 78624 geography · single-family closed sales · median sale price · trailing 12 months as of Nov 10, 2026).

What are the property details for 320 W Main St?

320 W Main St is a Commercial Sale built in 1895 featuring 0 bedrooms, 0.48-acre lot.

What are the property taxes for 320 W Main St?

The most recent annual property tax for 320 W Main St is $28,825. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 320 W Main St?

This page does not assume a mortgage rate or publish a monthly payment for 320 W Main St. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 320 W Main St compare with other homes in Fredericksburg?

As of Nov 4, 2026, 320 W Main St is offered at $2,995,000. The current MLS snapshot shows 66 active listings in 78624.

When was 320 W Main St built?

320 W Main St was built in 1895 (131 years ago). Buyers should budget for potential updates to major systems.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Fredericksburg

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 11/3/2026, 6:11:14 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Keenan Luxury Market Index figures and Keenan Group sales counts are published under CC BY 4.0 and may be reused with attribution to Keenan Group at Compass. Methodology and citation format: thekeenangroup.com/the-source/keenan-luxury-market-index-methodology.

Last updated: 11/3/2026, 6:11:14 PM

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