Live in the Fredericksburg Hill Country — and 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 paired with a separate guest house that's eligible for short-term rental use by right. That means you can live here full-time while legally operating the guest house as an STR. The main house is a charming 1935 cottage offering approximately 1,686 square feet of easy, single-level living with 2 bedrooms and 2 bathrooms. Its standout feature is a spacious sunroom — bright and inviting, with views over the expansive, mature, tree-shaded backyard. The garden and grounds feel like the countryside, yet Main Street's restaurants, boutiques, and wine-tasting rooms are just a brisk walk away. Behind the main house sits a detached 1-bedroom, 1-bath guest house complete with a sauna, set up to generate income from day one. Fredericksburg's STR market is among the strongest in Texas, and a well-appointed guest cottage in this location offers strong earning potential. Rounding out the property is a 640-square-foot, two-story barn/workshop equipped with a wood stove, air conditioning, and electrical — ready for its final finishing touches. It's a blank canvas ideal for a studio, art space, home office, or creative retreat. A 3,000-gallon rainwater collection system supports the landscaping. Whether you're relocating to the Hill Country, seeking a weekend base with income potential, or simply want a home that works harder for you, 408 W College Street delivers on every front.