Active Listing  ·  100 days on market

438 Rees Landing Rd

Spicewood, TX 78669
$875,000
4 Bed 4 Bath 3,214 sqft $272/sqft Built 2026 1.02 acres 3-Car Garage Pool New Construction Rees Landing Estates

Step inside and discover the David Weekley Difference – tour this home on your own from 7am to 9pm.

4 bed – 3.5 bath – study – single story – 3 car front load garage

“The Sunset Manor” Spend an evening relaxing in your over-sized owners retreat or take a dip & enjoy the tranquility of your soaking tub after a long day at the office. This home includes an expansive outdoor living area that is perfect entertaining family and friends as you soak up the majestic TX hill country sunsets. The gourmet kitchen is fit for a chef, complete with quartz countertops, GE Cafe; French Door Refrigerator, beautiful almond cabinets & stainless-steel appliances. Visit this beautiful home & start living your best life in Rees Landing Estates.

Contact the David Weekley Homes at Rees Landing Estates Team to schedule your private tour of this new home for sale in Spicewood, Texas.

Our EnergySaver™ Homes offer peace of mind knowing your new home in Spicewood is minimizing your environmental footprint while saving energy.

Square Footage is an estimate only; actual construction may vary.

At $272/sqft, this home is 50% below the Spicewood active market average of $540/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

438 Rees Landing Rd, Spicewood, TX 78669

Property Details

Price $875,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,214 sqft
Lot Size 1.02 acres (44,431.2 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rees Landing Estates
County Burnet
Zip Code 78669
$/sqft $272/sqft
Days on Market ,
HOA $1,200/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT216075346
List Date August 4, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
School District Marble Falls ISD

Marble Falls ISD

Spicewood (Marble Falls ISD) · Marble Falls · Marble Falls

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 →

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 4, 2026 $1,010,000
Previous ask $895,000
Current ask $875,000
▼ Reduced $135,000 (-13.4%) 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.

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
444 Rees Landing Rd
Rees Landing Estates
$799,000 $307 4 bd / 3 ba 2,601 sqft , 2026-11-09
104 Rees Landing Rd
Rees Landing Estates
$799,000 $258 4 bd / 3 ba 3,095 sqft , 2026-05-20
124 Rees Landing Rd
Rees Landing Estates
$719,000 $230 4 bd / 4 ba 3,128 sqft , 2026-06-06

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (assumed ~2.1%)−$1,531
Insurance (assumed ~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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 · 41 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. The written content was last updated on November 11, 2026.

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

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