509 E Wallace St
San Saba, TX 76877
Studio
Studio
Local Information
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Description
The Opera House located downtown in Historic San Saba across from the courthouse square is a two-story property with endless opportunities. A unique structure for the visionaries of restoration and potential possibilities. The beautiful rock wall building is awaiting a new owner to brand and design according to their needs. It's an open canvas for the creative mind that is willing to dream new life back into this wonderful structure. Location, historic background, thriving downtown, are definitely some of the multiple benefits offered with this acquisition. It speaks to be restored, utilized, and given the adoration deserved. Just the right influencer will make all the difference in this amazing building.
History of the Opera House - Built for W.K. Ray in 1897. The San Saba News occupied the upstairs of the building from 1898 until 1904. For a time, it was home to the Queen Hotel. The Alpha Lodge of the Independent Order of Odd Fellows purchased it in 1917. The lodge occupied the second floor while the first floor was leased to various businesses, one in particular, known as Community Appliances. (History provided by the San Saba Historical Commission.)
Real Estate is a licensed broker and abides by all applicable equal housing laws. All the information for this website is informational and is compiled from reliable sources and deemed to be true and correct, but all property listed is subject to changes in price, withdrawal, errors, omissions, condition, or sale without notice. The measurements, square footages, and/or acres are approximate, and the property taxes for each listing are subject to change annually. Real Estate, their agents, and/or their employees are not to be held liable for any changes or discrepancies.
If there is a non-affiliated Real Estate broker and/or agent representing the buyer, buyer's representative must be present with the Real Estate representative at the initial showing of the property to receive an equal share in commission. We appreciate your cooperation and ethical business conduct.
History of the Opera House - Built for W.K. Ray in 1897. The San Saba News occupied the upstairs of the building from 1898 until 1904. For a time, it was home to the Queen Hotel. The Alpha Lodge of the Independent Order of Odd Fellows purchased it in 1917. The lodge occupied the second floor while the first floor was leased to various businesses, one in particular, known as Community Appliances. (History provided by the San Saba Historical Commission.)
Real Estate is a licensed broker and abides by all applicable equal housing laws. All the information for this website is informational and is compiled from reliable sources and deemed to be true and correct, but all property listed is subject to changes in price, withdrawal, errors, omissions, condition, or sale without notice. The measurements, square footages, and/or acres are approximate, and the property taxes for each listing are subject to change annually. Real Estate, their agents, and/or their employees are not to be held liable for any changes or discrepancies.
If there is a non-affiliated Real Estate broker and/or agent representing the buyer, buyer's representative must be present with the Real Estate representative at the initial showing of the property to receive an equal share in commission. We appreciate your cooperation and ethical business conduct.
Contact this Building
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 509 E Wallace St
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Days on Market: 180+ days on Trulia |
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Property Type / Style Property Type: Single Family Home |
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Listing Agent MLS/Source ID: 66124 |
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Lot Area: 3049.2 sqft |
Last check for updates: about 9 hours ago
Listing courtesy of Martha Leigh Whitten
Whitten Real Estate, (979) 220-8132
Source: REALSTACK, MLS#66124
Price History for 509 E Wallace St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/11/2025 | $325,000 | Listed For Sale | REALSTACK #66124 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $111 |
| Assessment | $7,200 |
Home facts updated by county records
Comparable Sales for 509 E Wallace St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Single-Family Home | - | 01/16/26 | 3 | 2 | 1,498 | |
0.27 | Single-Family Home | - | 04/06/26 | 2 | 1 | 1,040 | |
0.28 | Single-Family Home | - | 11/03/25 | 3 | 2.5 | 2,156 | |
0.51 | Single-Family Home | - | 12/08/25 | 3 | 2 | 1,657 | |
0.72 | Single-Family Home | - | 12/16/25 | 2 | 1 | 822 | |
0.77 | Single-Family Home | - | 06/04/25 | 4 | 3 | 2,408 | |
0.81 | Single-Family Home | - | 07/25/25 | 2 | 1 | 962 | |
0.82 | Single-Family Home | - | 09/15/25 | 2 | 1 | 1,328 | |
0.94 | Single-Family Home | - | 02/20/26 | 2 | 2 | 1,266 | |
0.93 | Single-Family Home | - | 06/27/25 | 3 | 2 | 2,542 |
Assigned Schools
These are the assigned schools for 509 E Wallace St.
- San Saba Elementary School
- PK-4
- Public
- 294 Students
2/10GreatSchools RatingParent Rating Average
No reviews available for this school. - San Saba High School
- 9-12
- Public
- 180 Students
6/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - San Saba Middle School
- 5-8
- Public
- 210 Students
6/10GreatSchools RatingParent Rating Averageif you or your child is a poc this is definitely not the school for you. The teachers do push you to learn which is good but they do discriminate. The students would use racial slurs against the poc they would put bugs in black students hair and staff did nothing about it.. would recommend if you’re white and rich.Other Review9mo ago 
Check out schools near 509 E Wallace St.
What Locals Say about San Saba
At least 2 Trulia users voted on each feature.
100 % Say car is needed
100 % Say kids play outside
67 % Say there's wildlife
60 % Say it's walkable to restaurants
57 % Say parking is easy
50 % Say it's walkable to grocery stores
50 % Say there's holiday spirit
50 % Say there are community events
33 % Say streets are well-lit
31 % Say neighbors are friendly
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
509 E Wallace St, San Saba, TX 76877 is a studio single-family home. This property is currently available for sale and was listed by REALSTACK on Sep 11, 2025. The MLS # for this home is MLS# 66124.