613 Guadalupe St, Kerrville, TX 78028

This ±12.53-acre property is a rare find for townhome or condo development, offering a central location and stunning riverfront views. With frontage on both the north and south banks of the Guadalupe River in the heart of Kerrville, it’s a unique opportunity for a residential project in a highly desirable area. Right next door is Palacio Del Guadalupe, a luxury condo community where 2-bedroom units are selling for $128 per square foot, highlighting the area's strong market potential. Plus, the property is in the HUD-designated 2024 Difficult Development Area (DDA), which could offer financial incentives for developers. There are also two existing residential units on-site that could be considered livable, adding even more possibilities to this incredible investment opportunity.

Waterfront development scale is the defining advantage here. At 613 Guadalupe St S in Kerrville, this 12.53-acre land assemblage sits in Kerrville with frontage on both the north and south banks of the Guadalupe River, a setup that is hard to replicate in any built-out market. The property is offered at $1.55M and positioned within Kerr County under Kerrville Isd, with the listed elementary, middle, and high school paths all shown as Outside School District.

What matters most is not just the acreage, but how that acreage is configured. This is a multiple-lot adjacent land holding with riverfront on both sides, which gives a developer unusual control over layout, access, separation of product types, and how the site engages the water. In practical terms, that creates a stronger foundation for a townhome or condo concept than a standard infill parcel. The location in the heart of Kerrville adds another layer of value because central waterfront land is finite, and large tracts with this kind of frontage rarely come to market in a form that can support a coordinated residential project.

The adjacent market gives this site context. Palacio Del Guadalupe, directly next door, is a luxury condo community where 2-bedroom units are selling for $128 per square foot. That does not define the ceiling for this property, but it does provide a real local benchmark for how buyers are already valuing attached residential product on this stretch of the river. The site also falls within the HUD-designated 2024 Difficult Development Area, which matters because that designation can improve the capital stack for the right project and changes the conversation from raw land speculation to executable development strategy.

There are two existing residential units on site that could be considered livable, which adds optionality during planning and entitlement. With 732 days on market, the story here is not speed. It is scarcity, configuration, and timing. For a buyer who understands how waterfront frontage, central Kerrville positioning, and adjacent condo pricing work together, 613 Guadalupe St S reads as a long-hold land play with immediate relevance for residential development and durable value over time.