B&B For Sale

Historic Texas bed and breakfast with a cigar factory past goes on sale for $1.2 million

Editor's Note: Houston and the surrounding areas are loaded with must-have houses for sale in all shapes, sizes and price ranges. In this continuing series, CultureMap snoops through some of the best and gives you the lowdown on what's hot on the market.

A country-chic, top-rated bed and breakfast is up for sale in Round Top, with options for a buyer to continue to run it as a business or make it a family vacation compound — or a combination of both — all the while enjoying a relaxed lifestyle in this antique haven. Let's take a visit to the renowned Round Top Inn.

A Bit of History
In the 1880s, German immigrant Charles H. Schiege constructed three of the six buildings on the site, now known as 407 S. White St. Here, Schiege operated the Schiege Cigar Factory until the 1930s, distributing his popular hand-rolled cigars — including the Texas Star and LaRosa Suprema — across Texas. The cigar master provided housing for his employees, and factory workers ate their meals with the Schiege family.

The inn has honored that tradition of Texas hospitality for 20 years by serving guests a home-cooked breakfast each morning in the Cigar Factory.

After three generations of Schiege family members, preservationist Hazel Ledbetter of Houston purchased and restored the Main House in 1965, which was then owned by philanthropist Faith Bybee and the Texas Pioneer Arts Foundation. In 1991, Ted and Sandy Reed of Houston carefully refashioned all of the accommodations.

David Athey, a Houston native, bought and updated the entire property in 2008, bringing his vision of a luxury countryside inn to life, while also staying true to the site’s history.

Walk Around
The inn pairs modern amenities with rustic charm, offering guests a cozy stay in picturesque surroundings within walking distance of town square. Beautifully restored guest rooms and cottages are nestled among majestic oak trees and manicured grounds on this one-acre compound.

Built in 1885, the two-story Main House is the largest residence on the property, featuring two individual guest suites upstairs and living quarters for the former innkeeper downstairs. The Farm House is complete with a sprawling front porch and plenty of rocking chairs. An adorable two-story, salt-box-style abode, the Gate House offers two bedrooms, while the Little Cottage is a private retreat on its own with a king-sized bed and full bathroom with a Jacuzzi/shower.

Located over the Cigar Factory, the Bunk Room is a loft with a queen-sized bed, twin bed and a full private bathroom. Appointed with antiques, artwork and distinctive personal touches, no two rooms are alike.

A spacious Retreat Center is perfect for reunions, birthdays, luncheons or private parties. Facilities are connected by hand-laid rock sidewalks, and designated parking makes for easy access to all structures.

Square footage: Five residences and a retreat center on about one acre

Asking price: $1,225,000

Listing agent: Walter Bering, Martha Turner Sotheby's International Realty

The back of the Main House, with pathways to follow.

On the Market Round Top Inn February 2014

Photo by © Ben Hill TK Images

The back of the Main House, with pathways to follow.

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rent report

New report reveals how many Texans are paying too much for rent

Photo by Francesca Tosolini on Unsplash

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Millions of Texas renters, both current residents and new arrivals, suffer from wallet whiplash.

A new report from the Texas Affiliation of Affordable Housing Providers shows 45 percent of the state’s renters spend more than 30 percent of their income on housing. Renters occupy more than 4.2 million Texas households, representing nearly half of the state’s residents.

Worse yet, 81 percent of extremely low-income households in Texas spend more than 50 percent of their income on housing, the report says. For that income group, Texas has a shortage of 864,000 affordable homes.

Thirty percent is the standard financial benchmark for spending too much income on rent, while 50 percent puts a renter in the “severely cost-burdened” bucket.

“To sustain growth and secure future prosperity, Texas will need more than 320,000 additional affordable homes [rented and owned] to address workforce housing affordability and meet the demands of a growing population,” says the report.

“Today, the state is creating thousands of new jobs,” the report adds, “but housing supply has not kept pace with demand, driving up housing costs and constraining continued economic growth.”

Not surprisingly, people who live in or move to three of Texas’ biggest metro areas get hit with the state’s highest apartment rental rates. Here’s Apartments.com’s list of the 10 most expensive places for renters in Texas, based on apartments whose average size ranges from 713 square feet in Austin to 771 square feet in Plano:

1. Frisco — $1,477 per month
2. Plano — $1,461 per month
3. Austin — $1,417 per month
4. Dallas — $1,413 per month
5. McKinney — $1,363 per month
6. Grand Prairie — $1,327 per month
7. Irving — $1,318 per month
8. Garland — $1,237 per month
9. Fort Worth — $1,217 per month
10. Houston — $1,183 per month

San Antonio boasts some of the lowest average rent among Texas’ 10 most affordable markets: $1,075 per month. Mesquite, a Dallas-Fort Worth suburb, also fits into that category, with average monthly rent of $1,052.

Earlier this month, Gov. Greg Abbott announced more than $114 million in grants to help develop or rehabilitate properties, providing more than 4,400 affordable rental units.

“As our state grows, we must ensure that Texans have access to the affordable housing they need to thrive,” Abbott says.

rent prices report apartments