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Palestine 75803
$850,000
Market Status: Unsold/Available
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Property Details
Unsold/Available
Listing Type: For Sale
Category:B&B / Lodge / Hotel
Price: $850,000
Age:140
Bedrooms:9
Bathrooms:13
Parking:Yes
Closest town:Palestine, Texas 75801
Tour:Take a virtual tour
Year Built:1870
Architectural Style :Cottage, Farmhouse
Fireplace:Yes
1st Floor Bath:Yes
Central heating:Yes

Elmwood Gardens Offers Unique Setting For Indoor/Outdoor Weddings
Elmwood Gardens occupies 32.9 acres of manicured gardens and coastal pastures. The property has road frontage on ACR 446, 445 and FM 315. It is centrally located in East Texas with just a 40 minute drive to Tyler, a 1.5 hour drive to Dallas, and a 2.0 hour drive to Houston.

The property has room for expansion or other income-generating ventures. All pastures are improved with coastal Bermuda for cattle or horse operations and are fenced and cross fenced.

There are also two small Vineyards. 6 Bed &. Breakfast Accommodations, 13 Bathrooms Owners' Farm House Barn, Stables, Arena (125' x 250'), barn apartment Ballroom (4200 sq. ft.) Outdoor Decks, Patios, Dance Floor Rock and brick Pathways Beautiful Gardens with Statuary. Occupancy Rate example: Weddings are booked an average of 9 months of the year with an average of 2 weddings per weekend. And that is solid annual revenue you can build upon.

Occupancy rate on B &. B's is 490/0. Average Weekend Rates for Weddings: $1,800 to $10,000 per event Bed &. Breakfast Rates are an average of $125.00 per night.

Buyer must agree to honor all wedding/event contracts. The gardens are usually booked a year in advance of the event. Owners agree to act as consultants, as needed, to ensure a smooth transition.

Inventory includes:
All Bed & Breakfast furnishings and decor
All tables & chairs for Wedding Ceremony/Reception AU statuary
Two carriages with one carriage horse (one Percheron Draft horse)
One John Deer Tractor/front-end loader 50 hp
All on 32.9 acres with spring-fed pond used to irrigate gardens Additional 31 acres available for $3,500 per acre.

Not included:
Personal items, artwork, and furnishings in private apartment Antique stove and horse tack in barn One antique secretary desk and cedar wardrobe in Two Sisters cottage Large buffet and small princess dresser in farm house Grandfather clocks Horses other than the carriage horse.

Contact Information:
Dee Dee & Jim Turnage 903-549-2716, 903-549-2715
Cell 903-724-5619

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Historic Property Features


Seller Details
 Name:Dee Dee Turnage
 Location:680 ACR 446 Palestine, Texas 75801
 Telephone:903-549-2715
 Email:Contact



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