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$994,000

NAL Estimated Property Value

23120 State Highway 71, Spicewood, TX, 78669

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,449 Sq Ft
price_per_sqft$407.92 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesCooktop, Free-Standing Range, Refrigerator
FlooringMarble, Stone, Tile, Wood

Exterior

Exterior FeaturesNone
Lot Size8.41 acres

Building Information

Year Built2008
Stories3
Roof Type104
Garage Spaces5

Land Information

APN05450902080000
Lot Number3A
SubdivisionPaleface Park Phs I Sec B
Land UseResidential
Legal DescriptionLOT 3A PALEFACE PARK PHS I SEC B RESUB OF A PORTION OF LOT 3 (1-D-1B)
Census Tract035300
Assessed Land Value$750,682
Assessed Improvement Value$1,011,213
Assessment Year2025

About this property

True Authentic Tuscan-style farmhouse situated on 8.41 acres over looking panoramic views of the Pedernales River. 3/bed 3 bath plus 4th bed/option study. Professional outdoor kitchen w/ wood fired oven, seamless indoor-outdoor living in harmony w/ nature. Home automation & Control plus integrated home media. Owners imported terracotta floors, an abundance of hand-cut stone & wood work from Italy. Detached garage w/home office above. Exposed Beam covered patios create a picture perfect sunset. Sprinkler Sys:Yes

Investor Tools

Property Icon
$994,000
Estimated Property Value
$275,219Estimated Mortgage Balance
$718,781Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,994 /month
Positive
Cash Flow Estimate:
$1,998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,283/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,420
$924,833
2025
$750,682
$1,011,213
$1,761,895
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,420
$924,833

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Arm (Adjustable Rate Mortgage)
$350,000
No
First
May 1, 2017
Jun 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$275,219
$718,781
72%
28%
$1,452/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,452/mo
+$636/mo
2.5%

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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23120 State Highway 71 | Property Details | No Agent List