Indian Waters Real Estate

Welcome to Indian Waters, a hidden gem nestled in the heart of Bandera, Texas. This picturesque subdivision offers a unique blend of serene natural beauty and vibrant community spirit, making it an ideal place for families, retirees, and anyone looking to escape the hustle and bustle of city life.

Situated in Bandera County, Indian Waters is surrounded by the stunning Hill Country landscape, characterized by rolling hills, lush greenery, and crystal-clear waters. The subdivision is conveniently located near the charming town of Bandera, known as the "Cowboy Capital of the World." Here, you can immerse yourself in Texas culture with local rodeos, live music, and authentic dining experiences.

Indian Waters boasts a variety of spacious lots, perfect for building your dream home or vacation retreat. Residents enjoy access to the beautiful Medina River, where you can spend your days fishing, kayaking, or simply relaxing by the water’s edge. The community is designed with families in mind, offering ample green spaces, walking trails, and friendly neighbors who are always ready to lend a helping hand.

With its close-knit community atmosphere, Indian Waters is not just a place to live; it’s a lifestyle. The subdivision is also conveniently located near major highways, providing easy access to larger cities while still maintaining that charming small-town feel.

Come discover the beauty and tranquility of Indian Waters in Bandera, Texas—where your dream home awaits amidst the breathtaking landscapes and warm community spirit of the Texas Hill Country.

Newest Listings in Indian Waters

$324,900

3 Beds ⋅ 2 Baths ⋅ 2009519 MLS ⋅ ACTIVE Status

OPEN HOUSE: 10/10/2026 from 11:00 AM to 2:00 PM. Calling all homesteaders--your primary home with a separate garage apartment on 0.68 acres under mature oaks, minutes from downtown Bandera. The main house is 1,569 square feet - three bedrooms, a vaulted living room with exposed beams, a separate dining area, and a dedicated laundry room off the kitchen. A covered porch runs nearly the full length of the front, facing the oaks. The garage apartment is roughly 540 square feet with its own kitchen, full bath, living area, and private entrance, fully separate from the main house. The lot also holds a two-bay garage, a carport, and an open porch, with usable yard on all sides. Built in 1994 and consistently maintained, with original finishes throughout - solid bones and room to make it your own. Main house square footage per Bandera CAD. The garage apartment is not reflected in county records; buyer to verify all measurements, permitting, and intended use.

1129 Bandera Blvd, Bandera

$92,880

1907694 MLS ⋅ ACTIVE Status

Welcome to this spacious 0.701-acre lot located in the highly sought-after Indian Waters Subdivision. This open and inviting property offers a wide, level pasture with very few trees, giving you maximum flexibility when designing and building your dream home. Its generous size provides ample room for a home, outdoor living spaces, and even a garden or workshop, all while maintaining the open country feel that makes Bandera so special. With no HOA restrictions and having city water available, you'll enjoy the freedom to build to your vision while still benefiting from modern conveniences. As a property owner, you'll also have access to Aguas Indias Nature Area and Lake Hiawatha-perfect for relaxing in nature. Ideally located just minutes from downtown Bandera, this lot offers both privacy and convenience, putting you close to local dining, shopping, and entertainment while allowing you to retreat to your own peaceful slice of the Texas Hill Country. This is a rare opportunity to secure a prime homesite in one of Bandera's most desirable communities.

TBD Nakomis Dr, Bandera

$82,800

1907693 MLS ⋅ ACTIVE Status

Discover the perfect blend of space, privacy, and natural beauty with this 0.546-acre lot located in the desirable Indian Waters Subdivision. This property offers multiple building sites with a level front that gently slopes toward the back, leading into Doe Creek. Backing up to the Aguas Indias Nature Area, you'll enjoy a peaceful setting and a picturesque view right from your backyard, making it an ideal retreat to design your future dream home. With no HOA restrictions and city water available, this lot gives you the freedom to build on your own terms while still enjoying modern utility access. The property is NOT located in a flood plain, offering peace of mind for your investment and future plans. Ideally situated just minutes from downtown Bandera, you'll have convenient access to shopping, dining, and entertainment while still savoring the quiet and privacy of your own slice of the Texas Hill Country. This lot is a rare opportunity to create a home that embraces both comfort and nature.

LOT 3 Nakomis Dr, Bandera

$64,900

1886508 MLS ⋅ ACTIVE Status

Perfect Lot to build on in Indian Water Subdivision- Bandera Texas Hill Country. This rare .356-acre lot in the highly sought-after Indian Water Subdivision offers an opportunity to build your dream home or vacation rental in the heart of Bandera, Texas-known as the Cowboy Capital of the World. Located just outside the city limits, this cleared lot is ready to break ground and comes with city water access but no city taxes, providing you with the best of both worlds: the charm of country living without the added costs. Property Highlights: Size: .356 acres, Limited restrictions and no HOA. Beautiful country landscape, with a peaceful setting and country view. Walking distance to downtown Bandera, making it easy to enjoy the small-town charm and vibrant local culture. With no HOA and minimal restrictions, you have the freedom to build a custom home, cabin, or even a vacation rental to capitalize on the area's booming tourism market. High-speed fiber internet is available from BEC, making it perfect for both full-time living or a remote work setup. Bandera offers a unique blend of small-town warmth and big-city convenience. You'll be less than a mile from downtown, where you can enjoy live music, dining, shopping at local boutiques, the Medina River and explore the area's rich Western heritage. Bandera is home to over 50 restaurants, dude ranches, and outdoor adventures at places like the Hill Country State Natural Area and Lost Maples State Park. Plus, you're just an hour away from San Antonio International Airport and 30 minutes from Kerrville, Boerne, Hondo, and Helotes. This is one of the last undeveloped lots in the Indian Water subdivision, so opportunities like this don't come often. Whether you're looking to build your forever home or invest in a growing area, this lot is a fantastic find. Don't miss out on this incredible opportunity to own a piece of Bandera's charm!

314 Cherokee Dr, Bandera

Start Your Search

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 

Listings provided by LERA MLS