Active Listing  ·  210 days on market

126 County Road 420 Rd

Spicewood, TX 78669
$680,000
3 Bed 3 Bath 3,029 sqft $224/sqft Built 1989 4.17 acres 2-Car Garage Pool Shady Creek Ranches

BACK ON MARKET due to BUYER FINANCING - NEW ROOF**Walk the spectacular grounds of this fully remodeled 3,029-square-foot single-story retreat resting on 4.17 unrestricted acres. Boasting breathtaking panoramic hill country views and zero HOA restrictions, this highly private property offers a lifestyle of boundless freedom. Inside, the brilliantly designed floor plan maximizes natural light through strategically placed skylights, illuminating the high-quality finishes throughout. The expansive kitchen serves as the highly functional center of the home, featuring an incredibly spacious walk-in pantry with custom shelving, a center island, and extensive counter space. Entertaining flows effortlessly into the formal dining area and the dedicated family flex room, while a designated workout room adds everyday convenience. The impressive primary suite provides a peaceful escape, complete with a cozy fireplace, dual walk-in closets, and a luxurious primary bathroom boasting a large glass walk-in shower and dual vanities. Two additional generously sized bedrooms and two full bathrooms comfortably accommodate family or guests. Step outside to find the true architectural highlight: a spectacular oversized wooden deck expertly built around towering mature oaks, creating a magical treehouse aesthetic that is ideal for outdoor dining and taking in the wide-open Texas skies. With the expansive unrestricted tract, you have the incredible ability to build a secondary dwelling, forming a private multi-generational family compound. Enjoy the complete serenity of rural living while remaining just minutes from the recreational shores of Lake Travis, Krause Springs, and acclaimed local wineries. Residents also benefit from top-rated Spicewood schools and quick access to premier shopping, dining, and amenities in nearby Bee Cave. Come see the unmatched appeal of this property for yourself.

At $224/sqft, this home is 59% 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

126 County Road 420 Rd, Spicewood, TX 78669

Property Details

Price $680,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 3,029 sqft
Lot Size 4.17 acres (181,645.2 sqft)
Year Built 1989
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shady Creek Ranches
County Burnet
Zip Code 78669
$/sqft $224/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $1,630
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224306835
List Date April 16, 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.

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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 · April 16, 2026 $774,900
Previous ask $699,900
Current ask $680,000
▼ Reduced $94,900 (-12.2%) 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
711 N Paleface Ranch #9 Rd #9
Brahmans Draw
$589,990 $251 4 bd / 4 ba 2,349 sqft , 2026-10-22
711 N Paleface Ranch Rd #4
Brahmans Draw
$789,990 $297 3 bd / 4 ba 2,660 sqft , 2026-08-09
711 N Paleface Ranch Rd #5
Brahmans Draw
$809,890 $286 3 bd / 4 ba 2,830 sqft , 2026-09-23

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
$3,264/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
$136,000
20% conventional investment loan

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

Estimated Gross Rent+$3,264
Principal + Interest−$3,711
Property Tax (assumed ~2.1%)−$1,190
Insurance (assumed ~0.5%)−$283
Est. Monthly Cash Flow $-1,920

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 4, 2026.

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

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