Active Listing  ·  556 days on market

205 Singleton Dr

Spicewood, TX 78669
$149,000
1 Bed 1 Bath 960 sqft $155/sqft Built 1973 0.38 acres Pool Spicewood Beach

This unique property consists of three legal lots in the Spicewood Beach subdivision. The value lies in the land and the property is being sold AS-IS. Two of the adjacent lots feature two carports (providing four covered parking spaces),and the third is where the manufactured home is currently situated. The property backs to a large ranch, offering added privacy and nature views.

With ample space and potential for an additional home(s), this property presents an opportunity to take advantage of possible lake and Hill Country views. The existing manufactured home includes a covered porch and is in need of TLC and is being sold AS-IS, but could serve as a weekend retreat for lake enthusiasts or future investment opportunity. The fully fenced lot offers a generous open area, providing a blank canvas to make your own.

A major highlight is the fantastic waterfront POA park just a short distance away. Spicewood Beach Park features a pitch & putt golf and frisbee course, scenic picnic areas overlooking the Colorado River, and a private boat ramp that extends far into the lake, which will be a useful feature once water levels return to typical levels. Currently, the water level is very low and the ramp, swimming and fishing docks are not usable.

This is a rare opportunity to secure a property at this price point that includes three legal lots, an existing home structure (AS-IS), and such close proximity to a lakeside park with a very low annual POA cost. Don’t miss this opportunity!

At $155/sqft, this home is 69% 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

205 Singleton Dr, Spicewood, TX 78669

Property Details

Price $149,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 960 sqft
Lot Size 0.38 acres (16,500.53 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Spicewood Beach
County Burnet
Zip Code 78669
$/sqft $155/sqft
Days on Market ,
HOA $125/Annually
Annual Tax Est. $999.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT179344579
List Date February 14, 2025
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 →

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
105 Elizabeth Dr
Spicewood Beach
$150,000 $179 2 bd / 1 ba 840 sqft , 2026-08-07

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
$715/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
$29,800
20% conventional investment loan

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

Estimated Gross Rent+$715
Principal + Interest−$813
Property Tax (~2.1% TX avg)−$261
Insurance (~0.5%)−$62
Est. Monthly Cash Flow $-421

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 July 1, 2026.

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