Active Listing  ·  60 days on market

2609 Oak Ridge Dr

Spicewood, TX 78669
$665,000
2 Bed 1 Bath 1,176 sqft $565/sqft Built 1960 0.90 acres Pool Waterfront Big Bee Creek

Escape to waterfront living in Spicewood with direct access to Lake Travis. Set on 0.90 acres, this extensively remodeled 2-bedroom retreat blends warm, inviting spaces with distinctive architectural details and one-of-a-kind character. Handcrafted elements sourced from around the world include antique wood doors from India, a gold flower-embossed sink, cathedral-style living room windows, exposed wood accents, wood flooring/ceiling, and a striking arched fireplace as the home's focal point. Nearly every space has been refreshed: a custom kitchen and bathroom, all-new appliances, interior/exterior stucco/paint, landscaping, laundry room, propane tank, roof, water heater/softener, central heating and A/C, and plumbing lines; fridge/buffet pantry convey. The upgraded water system features a high-quality 2,000-gallon fiberglass water storage tank and a new pump that provides the home with a dependable, on-demand water supply and consistent, superior water quality. A large freestanding storage unit (8x20) provides ample space for lake gear/outdoor equipment. The storage unit may be conveyed or removed at the buyer's preference. A standout feature of the home is the air-conditioned enclosed glass sunroom with a wood-burning fireplace, framed by beautiful paired rustic wood doors and modern windows, an idyllic spot to take in the peaceful waterfront setting. Imagine waking up every morning to the sun rising over the water, coffee in hand, while deer quietly wander across your yard. No traffic. No noise. Just the lake, the trees, and a peaceful start to your day. This isn’t just a lakefront view. It’s a lifestyle that feels like a getaway every single day. Launch a paddleboard, fish along the cove, or just relax. Ideal as a full-time lakeside residence, weekend retreat, or potential STR/vacation rental. Enjoy small-town Spicewood living with convenient access to nearby boat ramps, local dining, and entertainment near Bee Cave, Lakeway, & Hill Country Galleria.

At $565/sqft, this home is priced 6% 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

2609 Oak Ridge Dr, Spicewood, TX 78669

Property Details

Price $665,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,176 sqft
Lot Size 0.90 acres (39,204 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Big Bee Creek
County Travis
Zip Code 78669
$/sqft $565/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,242.35
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT244439012
List Date August 25, 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.

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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 · August 25, 2026 $725,000
Previous ask $695,000
Current ask $665,000
▼ Reduced $60,000 (-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.

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
$3,192/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
$133,000
20% conventional investment loan

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

Estimated Gross Rent+$3,192
Principal + Interest−$3,629
Property Tax (~2.1% TX avg)−$1,164
Insurance (~0.5%)−$277
Est. Monthly Cash Flow $-1,878

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 17, 2026.

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