LOCATION Charming Fredericksburg (great restaurants, music venues, shopping, hospital, supplies) is an easy 10-minute drive from the property gate. Central Austin is a 1-hour, 30-minute drive via RR 1376 and US-290 and San Antonio is 1-hour, 15-minute drive via RR 1376 and I-10. The property address is: 173 Agarita Ln., Fredericksburg, TX 78624. LAND Highland Oaks Ranch is a picturesque, homestead-style property with mixed pasture and scattered Live oak mots. The topography is slightly rolling and elevations range from 1,622’ to 1,720’±. with gorgeous views overlooking the Pedernales River valley. The soils on the property are deep, silty clay and loam with virtually no surface rock. White-tailed deer and other native wildlife are abundant. The property is perimeter low fenced on all boundaries and the fences are in good condition. WATER The property is serviced by two (2) water wells. The well servicing the house yields 70+ GPM and was drilled in 1999. The well utilized for livestock watering yields 6 GPM and was drilled in 1985. It was formerly a windmill well but is now fitted with a submersible pump and external storage tank. There is one (1) small stock pond that sits near the northwest corner of the property. RANCH HOME This attractive rural residential home has 2,670 SqFt and was built in 1999. The exterior of the home is an Austin Stone-style brick with a composite roof. Sitting in the middle of the property with attractive views in all directions, this home makes an ideal permanent residence or great getaway place from the city. Great Room & Screened-In Porch The spacious great room is the centerpiece of the home and features attractive wood floors, vaulted ceilings, and built-in bookcases on one end. An attractive wood-burning stove sits on the other end of the room. Off of the south side of the great room sits a screened in porch which overlooks the backyard and south end of the property. Bedrooms The home has 4 bedrooms and 3 full bathrooms. The master bedroom is split from the other bedrooms and has a large bathroom with an oversized shower, garden tub, and ample cabinet space. The other three bedrooms sit on the west end of the home and share a full-sized bathroom. The bedroom not connected to the bathroom could alternatively be utilized as an office or separate playroom. Kitchen & Utility Room The home features a spacious kitchen with a large island and an abundance of cabinet space. The kitchen also has a large, walk-in pantry and wood floors. There is a large utility room attached to the kitchen with washer/dryer hook-ups and a utility sink. There is also a full-sized bathroom accessed from the utility room. Garage, Storage Shed & Other Improvements The house has a 3-car garage with automatic doors and an area for a workbench. Additional attic storage is accessed via a drop-down staircase in the garage. There is also a detached storage shed that sits behind the house. There is a small set of working pens for livestock and a high-fenced garden area. The yard around the nice is nicely landscaped and separately fenced from the surrounding pasture. Roads & Entry The property is accessed from RR 1376 and Agarita Ln.., which is a paved private road (easement). There is a granite gravel road that leads to the house from where you enter the property at the northeast corner of the property. There is additional access provided by a 1.58 ac permanent recorded easement of varying width from the southwest corner of the property to Luckenbach-Cain City Rd. This easement is only lightly used. RESTRICTIONS The property is subject to an established set of deed restrictions which serve to maintain the integrity of the area. The full set of restrictions may be found in this packet. PIPELINE There is a 42” natural gas pipeline which runs along the northern boundary of the property for 879’ and sits within a 50’ permanent right-of-way. The pipeline will be operated by Permian Highway Pipeline, LLC (“PHP”) and is expected to be in service in early 2021. On October 25, 2019 the Seller of the property was awarded $320,000 in damages by a panel of Special Commissioners in a hearing in Gillespie County. On or about January 24, 2020, the Court entered an Order accepting deposit of the amount of the Special Commissioners’ award. On or about November 5, 2019, Permian Highway Pipeline, LLC filed an Objection to the Special Commissioners’ award, which is an indication that PHP will appeal the award. The $320,000 may withdrawn from the court by the owner of the property at any time, but the owner has chosen not to do so. If PHP is successful in their appeal, there is a risk that the award could be reduced, whereby the owner of the property at that time would be required to repay the difference. The current landowner is represented Roy R. Brandys, Esq. of Barron, Adler, Clough, & Addo, LLP and any agreement between these parties will terminate upon closing. The Buyer will have the option to retain Mr. Brandys for representation in this ongoing matter. Upon closing, the Seller conveys and assigns to Buyer all of the Seller’s right, title, and interest in the Condemnation Proceeding including any and all awards, judgements, and/or decrees including all compensation of any kind and nature, remainder damages, and sums on deposit with the court.