Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$3,250,000

1502 Pace Bend Rd S, Spicewood, TX, 78669

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,554 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$713.56 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Microwave, Propane Cooktop, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater, Water Softener Owned
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Balcony, Dock, Gas Grill, Lighting, Private Entrance, Private Yard
Lot Size7.92 acres

Building Information

Year Built2021
Stories3
Roof Type121
Garage Spaces1

Land Information

APN05520301010000
Lot Number50
SubdivisionCuriosity Cave Subd
Land UseResidential
Legal DescriptionLOT 50 CURIOSITY CAVE SUBD
Census Tract035300
Assessed Land Value$1,537,097
Assessed Improvement Value$1,328,337
Assessment Year2025

About this property

Welcome to gated waterfront on the Pedernales River at Curiosity Cave.This property takes full advantage of its locale being perched 75 feet up the cliff on a 7.9 acre unrestricted lot w/no HOA.A prolific kitchen garden & fruit tree orchard greet you upon arrival.Parking for 12 at circular drive/porte-cochere entry.4,362+/-sq.ft. total, open floor plan, flying staircase at the foyer plus soaring 2 story stone fireplace in the living.Well equipped kitchen has high end stainless built in appliances including gas cooktop & dual ovens.Wall to wall/floor to ceiling sliding glass doors for panoramic views of the cliffs/river.Over 6,000sq.ft. of outdoor living space includes patio for dining el fresco w/views, bar, gas grill & ice machine at the kitchen.A custom 3 story spiral staircase transports you to 3 creative spaces w/fireplace in the 1st floor office w/wrap around bookcases on the 1st & 2nd floor + a 3rd floor porch w/360 degree sweeping hill country views.1st floor primary & guest suites make everyday living a breeze.The 2nd floor offers a lofted living room, 2 more beds/baths + huge covered patio w/views.Enjoy sunsets in the negative edge pool & spa.Separate/exterior office w/191+/-sq.ft., living, lofted bed, wet bar, 1/2 bath,deck.Chicken coup, bee hives(year 3 of 5 for ag exempt), shed+708.75+/-sq.ft.,45’9”x27’61”-2 car garage & workshop.Take metal staircase for a 15 min walk to grotto, springs, wet weather waterfall, cave formations, wildlife & birds+dock on 300' of waterfront.Dock has 2 slips w/lifts, party room+storage.On septic, well w/6k gallon tank.3 power meters:house/well/workshop, energy efficient:$180-$250/month, ext cameras connect to Wyze, smart appliances/pool, 5G wireless mesh system, well recently updated by Bee Cave drilling:acid washed, replaced well/pressure pumps 2022.Close to Galleria/Lake Travis.On Peerspace.com/$producing prop.Perfect for gatherings & making memories.Once in a generation’s opportunity-only 2 others have owned the cave–ever.

Investor Tools

$2,448,446Estimated Mortgage Balance
$2,177,228Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,500 /month
Positive
Cash Flow Estimate:
$6,500 /month

Interested in this property?

Amber Hart

Keller Williams - Lake Travis

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,082/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,099
$2,177,228
2025
$1,537,097
$1,328,337
$2,865,434
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,099
$2,177,228

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank Of Sonora
Building Or Construction Loan
$1,208,618
No
First
Mar 15, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,448,446
N/A
0%
112%
$16,184/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$16,184/mo
$-13,768/mo
1.3%

City: Spicewood