A charming cottage renovated on the HGTV home improvement show “Fixer Upper” is now on the market for $550,000.
Known as the “Bicycle House” and built in 1910, the dilapidated home in Waco, TX, underwent a top-to-bottom renovation by Chip and Joanna Gaines back on Season 1 of their hit show.
After the makeover, the home was put on the market by its owners in July 2017, at $375,000. The place sat on the market for months, but while the sellers waited for a buyer to appear, they pocketed plenty of short-term revenue. In early 2018, the home was listed on VRBO as a vacation rental for $250 a night.
The home finally sold in April 2018 for $293,750. The current owner picked it up as an investment property, and it’s been a successful short-term rental ever since. The current listing on VRBO quotes a nightly price of $267 and notes that the house is “perfect for groups.”
The listing for the home indicates that it is reserved throughout 2021. So a buyer could easily continue with the property as a popular vacation rental or choose to live in it full-time. One thing is sure—the buyers won’t have to do any work besides opening their checkbook.
“It’s turnkey,” says the listing agent, Josh Barrett with Turner Behringer Real Estate. He says that he’s fielded calls all weekend about the listing, as word got out that one of the rarely available “Fixer Upper” homes had once again surfaced on the market.
The one-of-a-kind design comes fully furnished and is convenient to the Gaines’ businesses at the Magnolia Market at the Silos. It’s also close to the hiking and biking trails of Cameron Park, another big tourist attraction.
Before Joanna and Chip got their hands on it, the Mailander House, as it was known, had been in a sorry state. The home was built by the Mailanders, who had come from Germany to open a furniture factory in Waco.
The residence had since fallen into disrepair and was placed on the market in early 2014 for the paltry sum of $44,900, before becoming one of the first homes graced with a renovation on the HGTV show.
The Gaines worked with the owners to restore the three-bedroom, two-bathroom house with plenty of their signature touches. After they were done, the home had a white palette, shiplap accents, and a country-style kitchen.
Joanna also filled the home with gold-toned decor, including a vintage bike, which still hangs on the office wall.
The 1,516-square-foot floor plan includes a dining room, sitting area, and front and side porches with additional outdoor seating, along with a back deck with room for dining. The large lot features a massive, grassy lawn. Interior details include oak flooring, large, light-filled windows, and 11-foot ceilings.
While the house was given a modern makeover, it was nevertheless respectful of its history.
“It still looks original,” Barrett says, marveling at “how authentic it is—and how much personality it has while bringing a new look to it.”
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