Active Listing  ·  32 days on market

3204 Tabletop Mountain Dr

Spicewood, TX 78669
$525,000
3 Bed 2 Bath 1,440 sqft $365/sqft Built 2007 3.01 acres Pool Hazy Hills Ranchettes

Enjoy exceptional privacy and peaceful Hill Country living on a beautiful 3-acre lot in Spicewood. This charming 3-bedroom, 2-bathroom home offers a flexible layout with two bedrooms conveniently located on the main level and a private primary suite upstairs. The spacious wrap-around deck provides the perfect setting for relaxing, entertaining, or simply taking in the tranquil surroundings.

A detached carport offers convenient covered parking, along with a great workshop space ideal for hobbies, storage, or projects. The expansive acreage provides plenty of room to enjoy the outdoors and create your own private retreat — and situated in Hazy Hills Ranchettes, the property offers excellent development opportunity with minimal restrictions, giving buyers flexibility to build out their vision.

Located in the desirable Lake Travis ISD, this property combines peaceful country living with easy access to the amenities and recreation of the Lake Travis area. Whether you're seeking true seclusion or looking to capitalize on Spicewood's booming growth, this is a rare opportunity to enjoy space, privacy, and the natural beauty of the Texas Hill Country — and a smart investment for the future.

At $365/sqft, this home is 28% below the Spicewood active market average of $509/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3204 Tabletop Mountain Dr, Spicewood, TX 78669

Property Details

Price $525,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,440 sqft
Lot Size 3.01 acres (131,072.04 sqft)
Year Built 2007
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hazy Hills Ranchettes
County Travis
Zip Code 78669
$/sqft $365/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,395.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243703939
List Date August 22, 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
22419 Hazy Hollow Cv
Gritten E
$699,000 $450 3 bd / 1 ba 1,553 sqft , 2026-03-30

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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 1, 2026.

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