Acres:49.99 +/- Acres: Located under 1.2 miles South East of Hunt and under 15 minutes from downtown Kerrville. Rainbow Lake is nestled in the heart of the Texas Hill Country. It is a recreational paradise for family and friends or corporate clients. The Estate offers 49+/- pristine acres, featuring a private 17+/- acre spring fed level lake, 4 acre peninsula, your very own island, and natural waterfalls. 5 homes. The main lodge is 2400 sq ft and each guest cottages are approximately 950 sq ft and are equipped with satellite television, telephone and internet connection. The entire property is fenced with a gated entrance of limestone and wrought iron. The property boasts over 2,000 ft of both sides of Upper and Lower Tegner Creek. Water:Rainbow Lake - 17+/- acre lake was well-stocked with Florida Hybrid Bass and Catfish fifteen years ago. Fifty pounds each of Flathead Shiners and Silver Shiners were deposited in Rainbow Lake August of 2010 along with Tilapa which spawn 3 times a year. Rainbow Lake is great for boating and swimming too! (no combustible engines, electric trolling ok) Tegner Creek - In the mood for a walk, a wild ride on a personal ATV or saddling up and riding your favorite horse? Below the dam, on Lower Tegner Creek, is the perfect spot! Upper Tegner Creek offers gently flowing crystal clear water ... while Fossil Falls, below the dam, provides more drama with cascading natural water. Wading, swimming, sunbathing or fishing ... something for every desire! Upper Tegner Creek and natural spring waters feed Rainbow Lake and empties over a magnificent 200 ft wide waterfall into Lower Tegner Creek. Wildlife: On this incredible recreational ranch you can hunt whitetail, axis and fallow deer, Rio Grande turkey, dove, quail or fish the spring-fed lake for largemouth bass, catfish and tilapia. Improvements:The ranch is completely fenced with over half of the property covered in St. Augustine grass. An asphalt road extends from the ranch entrance to all of the homes and to the spillway of the lake. The open floor plan of the main lodge, living room and kitchen is richly appointed with heart of pine wood floors, soapstone kitchen counters, plenty of windows to enjoy the view and a vaulted ceiling with cedar beams. The 2,400sq/ft home offers 4 bedrooms and 3 bathrooms. Master bath equipped with Roman style Jacuzzi bathtub. Immediately outdoors is the porch and lake area which is surrounded by the elegance of the Texas Hill Country. The outdoor entertaining area provides for a relaxing place to enjoy the outdoors or soak up some sun. It is located just behind the main house and is well planned and gracefully landscaped. There are 3 other guest homes and one foreman's home. The other four homes are one bedroom/one bath homes with full kitchens. All homes front the lake and provide for private enjoyment while gathering at the main house for BBQ and group entertaining. The well house is a walk in building that is insulated. Exterior water storage tank is in place. There is also a two stall horse shed with trap/corral great for bringing your horses to trail ride on the weekends. Minerals:Seller is believed to own 100% of the minerals. They are negotiable. Exact mineral ownership and conveyance to be determined at time of new title commitment.

A perfect ready-to-go recreational ranch.

Combined property is 49.377 acres. 16.301 acres of that is the lake. Land is 33.076 acres. Please make sure your buyer knows that the neighbor owns a 1/2 undivided interest in the lake which means he can use it. There are only 3 other people around the lake that have a "personal right to use the lake" Additional County Acct Nos: 57390000001020 & 57390000001010

Restrictions are in place for NO COMMERCIAL usage, no combustible motors (jet skis etc) Trolling motor on a boat would be okay. Paddle boats too.

The seller and his wife have lived on this beautiful lake for 21 years, now in there 70's, they are moving closer to their children and grand children. They live in the main house and built 3 cottages/cabins for each one of their 3 children to have and enjoy when they come to visit. Each cottage is different and tastefully decorated in true Hill Country Fashion! The 4th cabin is set up for the caretaker. A Local caretaker comes out 2 days a week to help the owners with general yard care, etc.

This is an easy turn key place for the weekend warrior or absolutely tranquil place for full time living. Surrounded by the Texas Hills, it is pin-drop quiet. Easy access to some of the best restaurants around.

Because of the springs that continuously feed the lake, it has maintained a constant level for over 20 years. Now, into the 7th year of an extreme Texas drought, the lake is starting to feel the pressure and is down 21" according to the owner. Alligator grass is peaking through on the south end of the lake. We are guesstimating the lake to be 15 to 16 feet in the center. Photos were taken July, 2014.

Investors, this is a good one to look at. When it rains, you won't believe how much water rolls through this ranch.