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$1,299,000

1517 Likeness Rd, Spicewood, TX, 78669

On MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Exterior FeaturesDock
Lot Size5.76 acres

Land Information

APN05540502200000
Lot Number7A
SubdivisionPaleface Ranch Sec 2b Amd Lts 7 & 8 Blk
Land UseResidential
Legal DescriptionPALEFACE RANCH SEC 2B AMD LTS 7 & 8 BLK A BLK A LOT 7A
Census Tract035300
Assessed Land Value$1,556,813
Assessment Year2025

About this property

2 contiguous Pedernales river front lots in the gated community of Paleface Ranch! Own a part of the Paleface Ranch with this one of a kind, approx. 3.362 ac. Waterfront lot with, like new, boat dock with swing and jet ski lift, along with locked storage room. The flatwork that has been done on these 2 lots combined into one, is nothing short of amazing. Drive right down a concrete driveway to a parking area below and just a few stone steps to the water's edge. Beach like by the water and plenty of area to entertain. Rock outcroppings from the cliff side is really spectacular! Possibly fossils millions of years old! VERY FEW LOTS WITH ALL THIS FLATWORK! Everything is in place to take it to the next level of finishes. Approx. 259 ft of waterfront on the beautiful Pedernales River, which once offered some of the best water skiing around the Hill Country. Build your dream home or make it the perfect lake house. Pale Ranch offers a 11.24 ac. home owners park with a boat ramp. Absolutely Incredible Property!

Investor Tools

$2,064,903Estimated Mortgage Balance
$1,286,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

Interested in this property?

Richard Naumann

The Elite Property Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,299/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,155
$655,517
2025
$1,556,813
N/A
$1,556,813
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,155
$655,517

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Credit Line (Revolving) / Heloc
$2,135,000
No
First
Jun 6, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,064,903
N/A
0%
161%
$12,801/mo

City: Spicewood

1517 Likeness Rd | Property Details | No Agent List