About This Home

Lakeside Community on Lake Travis! Remodeled mobile home on 2 lots in the Spicewood Beach Subdivision. New appliances and fixtures. New 2 car carport. Subdivision ammenities include a private 9 hole golf course, boat ramp, beach and picnic area, and a fishing dock. Owner financing possible.

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At $148/sqft, this home is 70% below the Spicewood active market average of $497/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

113 Elizabeth Dr, Spicewood, TX 78669

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Property Details

Price $179,500

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,216 sqft

Lot Size 0.23 acres (10,001.38 sqft)

Year Built 1994

Garage ,

Stories ,

Type Residential · Mobile Home

Subdivision Spicewood Beach

County Burnet

Zip Code 78669

$/sqft $148/sqft

Days on Market ,

HOA $250/Annually

Annual Tax Est. $2,252.46

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT136359243

List Date November 1, 2024

Elementary School Spicewood (Marble Falls ISD)

Middle School Marble Falls

High School Marble Falls

School District ,

Have Questions About This Property?

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 · November 1, 2024 $219,000

Previous ask $184,500

Current ask $179,500

▼ Reduced $39,500 (-18.0%) 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

105 Elizabeth Dr
Spicewood Beach $150,000 $179 2 bd / 1 ba 840 sqft , 2026-08-07

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

$862/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

$35,900

20% conventional investment loan

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

Estimated Gross Rent+$862

Principal + Interest−$980

Property Tax (~2.1% TX avg)−$314

Insurance (~0.5%)−$75

Est. Monthly Cash Flow $-507

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

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 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. This page was last updated on August 5, 2026.

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

113 Elizabeth Dr