Active Listing  ·  48 days on market

119 Vicinity Trl

Spicewood, TX 78669
$1,244,999
3 Bed 3 Bath 2,855 sqft $436/sqft Built 1975 2.13 acres 4-Car Garage Pool Waterfront Pedernales 02

Please bring your clients :Lakeside Oasis on the Pedernales River | Fully Furnished Mid Century Modern Retreat | Turnkey Investment Opportunity Discover this Frank Lloyd Wright inspired, fully furnished mid century modern home on over two acres along the Pedernales River in Spicewood, Texas. Completely move in ready, this property offers an exceptional short term rental or Airbnb investment opportunity with proven appeal as a Hill Country retreat. The open floor plan features beamed ceilings, floor to ceiling windows, and a seamless flow from the dining and living areas to a modern kitchen with custom cabinetry, quartz countertops, and stainless steel appliances. The home comfortably sleeps up to twelve guests with three bedrooms plus a custom bunk room, making it ideal for large groups or vacation rentals. Outdoor amenities include a stone wood burning fireplace, a patio and fire pit area, and an expansive rooftop deck with panoramic lake and sunset views. Additional highlights include a private boat ramp and dock, RV parking, and close proximity to local wineries, golf courses, and wedding venues, creating the perfect blend of lifestyle and income potential.

At $436/sqft, this home is 18% below the Spicewood active market average of $532/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

119 Vicinity Trl, Spicewood, TX 78669

Property Details

Price $1,244,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,855 sqft
Lot Size 2.13 acres (92,957.04 sqft)
Year Built 1975
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Pedernales 02
County Travis
Zip Code 78669
$/sqft $436/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $27,109.21
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT245814836
List Date September 6, 2026
Elementary School Bee Cave
Middle School Lake Travis
High School Lake Travis
School District ,

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
23705 Old Ferry Rd #15
Milam Ranch
$1,450,000 $511 4 bd / 3 ba 2,837 sqft , 2026-02-13
312 Paleface Point Dr None
Deer Haven
$995,000 $325 4 bd / 4 ba 3,060 sqft , 2026-09-24

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
$5,976/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
$249,000
20% conventional investment loan

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

Estimated Gross Rent+$5,976
Principal + Interest−$6,794
Property Tax (~2.1% TX avg)−$2,179
Insurance (~0.5%)−$519
Est. Monthly Cash Flow $-3,516

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

More Luxury Homes in Spicewood

Loading…
View All Luxury Homes →
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 · 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 September 7, 2026.

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