For $1.5M You Can Own A Tiny Texas Town

Historic Texas

For just $1.5M you can own your own piece of Texas history, an entire (albeit only 1.6-acre) town. Bankersmith, Texas, nestled in the Texas Hill Country outside Fredericksburg, near Luckenbach, was put up for sale by Bikinis "breastaurant" founder Doug Geller.

Geller purchased the town 4.5 years ago with the intent of turning it into a unique destination. He renamed the town to Bikinis, Texas, and created a Hall of Fame for the bikini. The scantily clad waitresses and drunken patrons didn't sit well with local residents, and the town reverted back to Bankersmith after three years.

What does $1.5M buy you? 1.6 acres with a music venue, Bankersmith Hall, an event space for weddings, a corporate retreat center, three bars and an outdoor stage.

Continue reading this story with a free account

Log in or register
Related Topics: Doug Geller
Sign up for more articles like this
Subscribe to Bisnow's Austin - San Antonio Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

2.7M SF Campus Trades In Houston's Largest Industrial Sale

Piedmont Realty Exiting Houston Market With Office Dispositions

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

Credit Union Breaks Ground On New HQ Building: The Houston Deal Sheet

EXCLUSIVE: Downtown Houston+ Targets Grocery Gap, Pedestrian Experience With New Programs

Houston's Office Woes Are Getting Too Expensive To Fix

Welcome Group Starts Pearland Industrial: The Houston Deal Sheet

Developer Pitches Massive Hospitality, Makerspace District South Of Austin

Brandywine Plans To Sell $200M Worth Of Properties In 2027

Towers On The Edge: How Austin Is Redefining Vertical Density At The Waterfront

Apartment Operators Are Rethinking The Amenity Arms Race