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Days46Days on Market
Views1view

$495,000

1427 Likeness Rd, Spicewood, TX, 78669

$643,500 ARVInfo
On MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,011 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size6.70 acres

Building Information

Year Built2024
Stories2
Garage Spaces4

Land Information

APN05540502140000
Lot Number13A
SubdivisionPaleface Ranch Subd Sec 2b Resub Of Lots
Land UseResidential
Legal DescriptionLOT 13A PALEFACE RANCH SUBD SEC 2B RESUB OF LTS 13-15 BLK A PLUS PART ADJ
Census Tract035300
Assessed Land Value$1,662,325
Assessment Year2025

About this property

Discover an exceptional lakeside sanctuary where breathtaking water views and luxurious living converge on a sprawling 2 acre lot. With direct lake frontage and dock, every day presents an opportunity for serene waterfront enjoyment, from tranquil mornings to vibrant sunsets. Located in Spicewood, this address provides a peaceful haven while maintaining convenient access to local amenities. This prime lakeside lot offers a canvas for your dream home, ensuring a picturesque setting and direct water access that epitomizes an idyllic waterfront lifestyle. Lake Travis ISD, gated entry for privacy and equine friendly! Boat dock included. Owner/agent.

Investor Tools

$486,021Estimated Mortgage Balance
$1,222,979Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$643,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,254 /month
Positive
Cash Flow Estimate:
$3,418 /month

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Blain Shanklin

Texas Broker Services LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,653/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,295
$808,706
2025
$1,662,325
N/A
$1,662,325
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,295
$808,706

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Purchase Money Mortgage
$543,750
No
First
Jan 11, 2021
Jul 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$486,021
$1,222,979
71%
28%
$3,261/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$4,061/mo
$-1,645/mo
1.7%

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: Spicewood

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1427 Likeness Rd | Property Details | No Agent List