408 W College St Live in the Fredericksburg Hill Country. Let the guest house help pay for it. Set on a generous 0.44-acre lot just minutes from downtown, 408 W College Street offers something rare in the Hill Country: a main home and a separate guest house that is eligible for short-term rental use by right - meaning you can live here full time and are permitted to run the guest house as an STR. The main house is a charming 1935 cottage with 2 bedrooms, 2 bathrooms, and approximately 1, 686 square feet of easy, single-level living. The standout feature is the spacious sunroom - bright, comfortable, and looking out over the expansive, mature treed and peaceful backyard. The garden and surrounds feels like the countryside, yet you can take a brisk walk up to Main Street with all its fabulous restaurants, retail outlets and wine tasting rooms. Behind the main house, the detached 1-bedroom, 1-bath guest house - complete with a sauna - is set up to generate income from day one. Fredericksburg's STR market is one of the strongest in Texas, and a well-appointed guest cottage in this location has great earning potential. Rounding out the property is a two-story workshop and barn with air conditioning - ideal as a studio, home office, or creative space - plus a 3, 000-gallon rainwater collection system for landscaping use. Whether you're relocating to the Hill Country, looking for a weekend base with income potential, or simply want a home that works harder for you, 408 W College Street delivers on all fronts.