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$1,423,847

1006 FM 1855 RD, Marble Falls, TX, 78654

Off MarketInfo
Beds4 Beds
Baths6 Bath
Baths5,752 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$469.23 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
Garage AvailableGarage Available
AppliancesBar Fridge, Built-In Electric Oven, Dishwasher, Disposal, Down Draft, Free-Standing Freezer, Ice Maker, Microwave, Double Oven, Plumbed For Ice Maker, Free-Standing Electric Range, Refrigerator, Warming Drawer, Washer/Dryer, Water Softener Owned, Wine Cooler
FlooringStone, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Entrance
Lot Size77.65 acres

Building Information

Year Built1985
Garage Spaces7

Land Information

APN56764
SubdivisionMilton M. Smith
Land UseResidential
Legal DescriptionABS A0836 MILTON M. SMITH, TRACT 3***, 77.65 ACRES, LESS A 20 FOOT WIDE ACCESS EASEMENT LESS A 20 FOOT WIDE ACCESS EASEMENT
Census Tract960600
Assessed Land Value$25,658
Assessed Improvement Value$1,398,189
Assessment Year2025

About this property

Exquisite Gentleman’s Ranch at the heart of the hill country. Stunning executive home on 77+ acres, located in the desirable semi-rural Highway 281 corridor in Burnet County. Perfect family or multi-generational home. This spacious & dramatic residence is 5000+ sq.ft. with 2 master suites, 2 additional guest beds, 6 baths, top notch kitchen with adjoining butler’s pantry, media or Entertainment room, flex space, office/study, & a 3 car garage/workshop, and covered front and back porches. Architectural details include a grand foyer, imported stone flooring throughout, admirable fireplace, and a full wet bar. The above ground pool is perfect for the hot Texas days. Situated just north of Marble Falls, this home offers privacy, a gated entrance, and a wet weather creek perfect for family adventures. With over 1000ft of FM 1855 road frontage, this property allows for plenty of opportunities and uses. Ag-exempt property without zoning restrictions. Perfect for Hunting, horses and livestock, or vacation rentals.

Investor Tools

Property Icon
$1,423,847
Estimated Property Value
$0Estimated Mortgage Balance
$1,345,738Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,194 /month
Positive
Cash Flow Estimate:
$5,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,143/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,599
$1,423,847
2025
$25,658
$1,398,189
$2,676,929
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,599
$1,423,847

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank Of Burnet
Commercial
$80,000
No
First
Jan 31, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,109
$1,345,738
94%
5%
$480/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Marble Falls

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1006 FM 1855 RD | Property Details | No Agent List