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Days195Days on Market
Views5view

$1,950,000

1223 Paleface Ranch RD, Spicewood, TX, 78669

On MarketInfo
Baths0 Bath
Baths4,400 Sq Ft
OtherOther

Highlights

Interior

Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available

Exterior

Lot Size88.78 acres

Building Information

Year Built2005
Stories1
Garage Spaces3

Land Information

APN05591601100000
SubdivisionButler B
Land UseResidential
Legal DescriptionABS 51 SUR 306 BUTLER B ACR 88.78
Census Tract035300
Assessed Land Value$3,550,460
Assessed Improvement Value$200,883
Assessment Year2025

About this property

Located just 45 minutes from downtown Austin, 20 minutes from Hill Country Galleria/Bee Cave, and 30 minutes from Horseshoe Bay Resort and Marble Falls - home to a 6,000 ft airstrip - this property offers a private Hill Country setting with convenient access to Austin's vibrant amenities. *Multiple acreage options available to fit your unique vision. The gated approximately 22-acre property sits next to the prestigious Austin Golf Club and enjoys a prime location adjacent to Thomas Ranch - a thoughtfully planned high-end community featuring premium retailers, dining, cultural experiences, and commercial spaces, and Loraloma - an Areté Collective development celebrated for its world-class design, sustainability, and lifestyle-driven amenities. This exceptional area is also home to renowned vineyards, Lake Travis, the upcoming Canyon Ranch luxury spa resort, and Travis Club, Austin's Newest lake community. Located less than a mile from Highway 71, the property combines a secluded, natural feel with easy access to some of Central Texas's most exciting current and future destinations. The land is level, usable, buildable, and entirely out of the floodplain. Acreage options include: Ranch Home and Venue on approximately 30 acres, Ranch Home and Venue on approximately 10 acres, 22 acres with land only, or the entire 104-acre estate. See Agent for more details.

Investor Tools

$488,181Estimated Mortgage Balance
$3,263,162Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$22,508 /month
Positive
Cash Flow Estimate:
$7,503 /month

Interested in this property?

Dave Murray

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,796
$3,751,343
2025
$3,550,460
$200,883
$3,751,343
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,796
$3,751,343

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Larry The Lender Llc
Stand Alone First / Home Equity First Lien
$500,000
No
First
Feb 19, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$488,181
$3,263,162
86%
13%
$2,998/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.

Explore Texas Explore This Area
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: Spicewood

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1223 Paleface Ranch RD | Property Details | No Agent List