Active Listing  ·  19 days on market

122 Ridge Dr

Spicewood, TX 78669
$275,000
3 Bed 2 Bath 1,860 sqft $148/sqft Built 1991 0.32 acres 2-Car Garage Pool Eagle Bluff

Lake Travis is beckoning!! Discover the lake lifestyle with Lake Travis living in this custom home in the quiet community of Eagle's Bluff, Spicewood, TX. This home may make an excellent multi-generational option. Downstairs boasts an open large area with window/wall ac and electric heater, laundry/kitchenette, full bathroom, and additional room that is referenced as the third bedroom, alongside the one-car garage. Ascend upstairs to find the main living and dining, full kitchen, two bedrooms, and full bathroom. Large balcony extends acrossthe back of the house. Tranquil setting is complemented by a private screened chiminea area for lounging and relaxing. Storage building/workshop is perfect for the hobbyist and attached to the two-car carport. This striking residence is perched on two generously sized lots, presenting a unique opportunity to own a piece of paradise with unparalleled potential for customization and expansion. With its blend ofcomfort and access to nature's finest, it's poised to be the backdrop for your most cherished moments. Welcome to your Lake Travissanctuary, where every day feels like a getaway. This property has tons of opportunities and is priced to sell. Check it out today!

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

122 Ridge Dr, Spicewood, TX 78669

Property Details

Price $275,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,860 sqft
Lot Size 0.32 acres (13,921.78 sqft)
Year Built 1991
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Eagle Bluff
County Burnet
Zip Code 78669
$/sqft $148/sqft
Days on Market ,
HOA $70/Annually
Annual Tax Est. $5,878.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242458651
List Date August 5, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
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 →

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 5, 2026 $299,750
Current ask $275,000
Reduced $24,750 (-8.3%) 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
234 Terrace Dr
Spicewood Beach
$295,500 $190 2 bd / 2 ba 1,552 sqft , 2026-06-20
207 Laurel Ln
Lakeside Beach
$339,000 $219 3 bd / 2 ba 1,550 sqft , 2026-08-22
503 Chantilly Ln
Lakeside Beach
$350,000 $265 3 bd / 2 ba 1,322 sqft , 2026-06-20
113 Elizabeth Dr
Spicewood Beach
$179,500 $148 3 bd / 2 ba 1,216 sqft , 2024-11-01

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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 · 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 7, 2026.

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