Active Listing  ·  16 days on market

20005 Rod And Gun Club Rd

Spicewood, TX 78669
$990,000
2 Bed 1 Bath 880 sqft $1,125/sqft Built 2012 0.54 acres 2-Car Garage Pool Waterfront Walton Izaak

Situated on over half an acre along one of the most sought-after south shores of Lake Travis, this waterfront

property offers approximately 80 feet of deep-water frontage with expansive views spanning from Bee Creek Cove

to the main body of the lake. The setting captures a true sense of retreat, surrounded by a mix of charming lake

cottages and newly constructed homes in an area experiencing continued growth and transformation. The existing

2-bedroom, 1-bath residence provides a functional, low-maintenance layout ideal for weekend use or full-time

living, complemented with multiple bunk areas and a 2 car garage that could be finished out as additional living

space. Outdoor features are thoughtfully designed for enjoying the lake lifestyle, including a large driveway leading

to a covered pavilion, terraced grounds that maximize usable space for entertaining, shaded lawn areas, and an

expansive lakeside fire-pit. Current pad site is ideal for a quintessential 2 or 3 story lake house build (where

fireplace is)or demo both and build your dream home. Direct access to the shoreline allows for easy enjoyment of

boating, swimming, and waterfront activities. Located near the future Travis Club Golf & Lakefront community and

just minutes from marinas, waterfront dining, golf courses, and the Hill Country Galleria, the property offers a rare

combination of privacy and convenience. Zoned to highly regarded Lake Travis ISD, this is a unique opportunity to

own a well-positioned waterfront homesite in an area defined by strong demand and limited future development.

Brand new fence along left side was just completed and there is also the possibility of purchasing the neighboring

lot as well, adding another 1/2 acre- ask agent for more details.

At $1,125/sqft, this home is priced 111% above the Spicewood active market average of $534/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

20005 Rod And Gun Club Rd, Spicewood, TX 78669

Property Details

Price $990,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 880 sqft
Lot Size 0.54 acres (23,522.4 sqft)
Year Built 2012
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Walton Izaak
County Travis
Zip Code 78669
$/sqft $1,125/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,599.01
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT249297532
List Date October 8, 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
2609 Oak Ridge Dr
Big Bee Creek
$665,000 $565 2 bd / 1 ba 1,176 sqft , 2026-08-25

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
$4,752/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
$198,000
20% conventional investment loan

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

Estimated Gross Rent+$4,752
Principal + Interest−$5,403
Property Tax (~2.1% TX avg)−$1,733
Insurance (~0.5%)−$413
Est. Monthly Cash Flow $-2,797

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 October 20, 2026.

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