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B&B For Sale

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

Barbara Kuntz
Barbara Kuntz
Feb 19, 2014 | 12:29 pm

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

Welcome to Round Top Inn, just three blocks away from the unique boutiques, art galleries and restaurants in the town’s square. Pictured here is the front of the Main House, a portion of which was used as an office for the bed-and-breakfast business.

On the Market Round Top Inn February 2014
Photo by © Ben Hill TK Images
Welcome to Round Top Inn, just three blocks away from the unique boutiques, art galleries and restaurants in the town’s square. Pictured here is the front of the Main House, a portion of which was used as an office for the bed-and-breakfast business.
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This is how much longer Texans must save for a home than in 2016

Amber Heckler
Jul 6, 2026 | 4:00 pm
House fund
Photo by Kostiantyn Li on Unsplash
It would take more than 7 years for a Texas household making over $84,000 a year to save enough money for a down payment on a home.

It's no secret that purchasing a home in 2026 has become an ever-shifting financial goalpost that requires a lot more money than it used to. And a new study has just revealed it takes 9 months longer for Texas residents to save for a down payment than it did a decade ago.

SmartAsset's new report, "Where the Down Payment Burden Has Grown Most," analyzed typical home values in each state in 2016 and 2026, and compared them with median household income to estimate how many years of savings would be required to afford a 20 percent down payment (based on the assumption that households set aside 10 percent of their annual income). The analysis also evaluated how long a minimum-wage earner in each state would need to save for a down payment in 2026.

For Texans making the state's median household income of $84,084 in 2026, it would take 7.2 years to save enough money for a down payment on a house with the state's typical home value of $302,187.

In 2016, it would have taken a little less than 6.5 years based on a median household income of $56,565 and typical home values at $181,155.

Texas ranks 41st nationally in SmartAsset's comparison of states with the highest increases in the amount of time needed to save for a down payment from 2016 to 2026. The report's findings proved how "saving for a down payment has become a moving target" for many Texas residents and Americans as a whole.

"As rising home prices outstrip wage growth, the amount of time buyers may need to set aside enough money has changed sharply in many parts of the country," the report said. "In some states, rising incomes have helped offset higher home values. In others, buyers may face a substantially longer path to ownership than they did just one decade ago."

Homebuying prospects for minimum wage earners
For a minimum wage earner residing in Texas, it would take 40.1 years to save enough money for a down payment at current home prices. Texas and 19 other states have a $7.25 hourly minimum wage, which amounts to just over $15,000 a year.

SmartAsset further confirmed that it's "essentially impossible" to save for a down payment on a minimum wage income alone regardless of which state you live in.

"Even in Missouri, the most favorable state, a minimum-wage earner would need 17 years to save enough for a home down payment," the report added. "In Utah, that timeline exceeds 70 years."

The top 10 states where the "down payment burden" has grown the most are:

  • No. 1 – Idaho
  • No. 2 – Rhode Island
  • No. 3 – New Hampshire
  • No. 4 – Maine
  • No. 5 – Utah
  • no. 6 – Montana
  • No. 7 – Washington
  • No. 8 – New Jersey
  • No. 9 – New York
  • No. 10 – Massachusetts
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