Active Listing  ·  448 days on market

1005 County Road 414 None

Spicewood, TX 78669
$1,250,000
3 Bed 2 Bath 2,185 sqft $572/sqft Built 1985 8.55 acres 2-Car Garage Pool A0776

Some properties give you a house and yard. This one gives you a way of living. Set on 8.55 usable acres in Spicewood with no HOA and an exceptional ~1.32% tax rate, 1005 County Road 414 offers a level of freedom increasingly hard to find. The remodeled 3-bed, 2-bath home is move-in ready, featuring a bright open kitchen with center islands flowing into the living room, a downstairs primary suite, and a new upstairs A/C installed July 2026. It works perfectly for quiet evenings or hosting family and friends after a long day outdoors. For horse lovers, this turnkey setup is the real deal. Over 4 acres of interconnected, cross-fenced pasture provide practical rotation with multiple sheds. Built to the high standards of a former boarding facility, the center-aisle barn includes 8 padded stalls with individual paddock access, electrical throughout, tack room, feed storage, covered/open wash racks, a lighted arena, and a round pen. A separate full bath at the carport adds welcome convenience after a long day at the barn. The extensive outbuildings offer serious flexibility, including three covered bays for hay or equipment, a deep enclosed garage/workshop, and a flex/guest area with a sink and cooktop—ideal for hobbies, ranch operations, or visitors. The property also features a chicken coop, covered parking, a trailer/RV-friendly pull-through drive, and dual dump stations. Country living is made easy with both a private well and a local water tap. Keep your animals, gear, and toys at home instead of in paid storage across town. Enjoy easy access to Lake Travis boat ramps, trail riding at Muleshoe Bend and Grelle, Spicewood Airport, local wineries and breweries, and Hill Country golf at Lakecliff and Barton Creek Lakeside. The upcoming Thomas Ranch development will also bring exciting amenities even closer to home. Welcome to Hill Country living that still feels like freedom.

At $572/sqft, this home is priced 6% above the Spicewood active market average of $540/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1005 County Road 414 None, Spicewood, TX 78669

Property Details

Price $1,250,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,185 sqft
Lot Size 8.55 acres (372,655.8 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision A0776
County Burnet
Zip Code 78669
$/sqft $572/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,035.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT205175964
List Date August 21, 2025
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
School District Marble Falls ISD

Marble Falls ISD

Spicewood (Marble Falls ISD) · Marble Falls · Marble Falls

Luke Allen (TREC #788149) has deep knowledge of Spicewood and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 21, 2025 $1,650,000
Previous ask $1,475,000
Current ask $1,250,000
▼ Reduced $400,000 (-24.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Spicewood

Comparable Listings Right Now

Homes currently for sale in Spicewood with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
335 Turkey Tree Rd
Turkey Tree
$1,139,900 $411 4 bd / 4 ba 2,771 sqft , 2026-05-27
102 Center Cove I None
Windermere Oaks
$995,500 $498 3 bd / 3 ba 2,000 sqft , 2025-08-21

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$6,000/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$250,000
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (assumed ~2.1%)−$2,188
Insurance (assumed ~0.5%)−$521
Est. Monthly Cash Flow $-3,531

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Spicewood, TX

Spicewood sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 5, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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