Active Listing  ·  173 days on market

1508 Successor Rd

Spicewood, TX 78669
$1,395,000
3 Bed 3 Bath 3,354 sqft $416/sqft Built 2015 5.07 acres 4-Car Garage Pool Paleface Ranch Sec 02B

One of best homes on one of the best lots in Paleface Ranch! Extraordinary Texas Classic Hill Country Home on 5.07 acres covered in native Live Oaks.

IDEAL LOCATION

Located near the quiet end of the neighborhood, almost one mile from Highway 71, this estate is ideally situated at the crest of the hill among dozens of manicured Live Oaks, this idyllic Texas Hill Country estate was designed for comfortable entertaining and the lifestyle Central Texas is famous for.

Located in the established acreage community of Paleface Ranch with private boat ramp access to the Pedernales River and Lake Travis, the 5.07 acre parcel backs to a wildlife protected parcel with hill country views from both the front and rear of the property.

EXPANSIVE MAIN FLOOR LIVING

With approx. 3,354 square feet of indoor living and over 1,000 square feet of covered outdoor space make this country retreat feel like home and has entertained friends and family for years.

With approximately 2,800 square feet on the main floor featuring a large primary suite, two living areas and huge entertainer's kitchen with two guest suites overlooking the rear patio, this home has comfortably hosted hundreds of guests over the years.

OPPORTUNITY TO ADD AN ADDITIONAL GUEST HOUSE (1,200 SF Minimum per HOA)

Property Features

Structure: A 3,354-square-foot home (per TCAD) featuring 3 bedrooms and 3 bathrooms.

Land: The house sits on a 5.07-acre corner lot that has been cleared of most brush.

Views: The lot is noted for having panoramic hill country views.

Year Built: Records indicate the home was built in 2015. Some photos have been virtually rendered.

At $416/sqft, this home is 22% 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

1508 Successor Rd, Spicewood, TX 78669

Property Details

Price $1,395,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 3,354 sqft
Lot Size 5.07 acres (220,849.2 sqft)
Year Built 2015
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paleface Ranch Sec 02B
County Travis
Zip Code 78669
$/sqft $416/sqft
Days on Market ,
HOA $800/Annually
Annual Tax Est. $6,742
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228793901
List Date May 4, 2026
Elementary School West Cypress Hills
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
23801 Oscar Rd
Paleface Ranch Sec 03
$1,600,000 $665 4 bd / 3 ba 2,406 sqft , 2026-10-17
1805 Performer Rd
Paleface Ranch Sec 01
$1,749,000 $413 4 bd / 4 ba 4,236 sqft , 2026-04-24

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
$6,696/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
$279,000
20% conventional investment loan

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

Estimated Gross Rent+$6,696
Principal + Interest−$7,613
Property Tax (~2.1% TX avg)−$2,441
Insurance (~0.5%)−$581
Est. Monthly Cash Flow $-3,939

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 September 10, 2026.

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