Active Listing  ·  68 days on market

1118 Rustic Ln

Spicewood, TX 78669
$1,495,000
4 Bed 2 Bath 3,007 sqft $497/sqft Built 1995 3.11 acres 4-Car Garage Pool Waterfront The Place

Authentic Texas limestone masonry and steel-framed construction give this remarkable Hill Country property a timeless presence and exceptional sense of fortitude. Set on four private acres surrounded by native vegetation, the property offers a serene escape with Lake Travis waterfront access and breathtaking Hill Country surroundings.

The main home features 4 bedrooms, 2 full baths, a spacious great room, formal dining, soaring vaulted ceilings, abundant natural light, and exceptional privacy. Tiled floors flow throughout, while a classic wood-burning fireplace anchors the expansive great room. French doors open to a generous outdoor deck, creating seamless indoor-outdoor living and an ideal setting for entertaining, dining, or simply enjoying the beauty of Lake Travis and the surrounding landscape.

Outside, four acres invite endless possibilities—from gardening and entertaining beneath the Texas sky to enjoying direct access to the water for boating and lake recreation. A fenced garden and native landscape further enhance the property's peaceful country setting.

A separate 1-bedroom guest cottage provides versatility and privacy for family, friends, or extended stays. The property also includes a second 2-car garage ideal for a workshop, studio, or hobby space, plus an attached storage shed for equipment and outdoor gear.

For aviation enthusiasts, proximity to Spicewood Airport offers the rare convenience of nearby aircraft storage, creating an extraordinary convergence of waterfront living and aviation accessibility.

1118 Rustic Lane is a true Texas Hill Country original—expansive yet intimate, rugged yet refined, and deeply connected to the land, the lake, and the sky.

At $497/sqft, this home is 8% below the Spicewood active market average of $540/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1118 Rustic Ln, Spicewood, TX 78669

Property Details

Price $1,495,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 3,007 sqft
Lot Size 3.11 acres (135,493.38 sqft)
Year Built 1995
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Place
County Burnet
Zip Code 78669
$/sqft $497/sqft
Days on Market ,
HOA $675/Annually
Annual Tax Est. $20,022.15
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT245664777
List Date September 5, 2026
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.

Schedule a Call →

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
1005 County Road 414 None
A0776
$1,250,000 $572 3 bd / 2 ba 2,185 sqft , 2025-08-21
335 Turkey Tree Rd
Turkey Tree
$1,139,900 $411 4 bd / 4 ba 2,771 sqft , 2026-05-27
1017 Coventry Rd
Windermere Oaks
$1,099,000 $356 3 bd / 4 ba 3,088 sqft , 2026-07-26
1001 Wesley Ridge Dr
The Point At Ridge Harbor
$999,900 $256 5 bd / 5 ba 3,909 sqft , 2026-09-01
155 Contrails Way
Pilots Landing
$999,900 $251 3 bd / 2 ba 3,976 sqft , 2026-10-20

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
$7,176/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
$299,000
20% conventional investment loan

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

Estimated Gross Rent+$7,176
Principal + Interest−$8,159
Property Tax (assumed ~2.1%)−$2,616
Insurance (assumed ~0.5%)−$623
Est. Monthly Cash Flow $-4,222

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 September 12, 2026.

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

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