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Days84Days on Market
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$524,500

23601 Old Ferry RD 10, Spicewood, TX, 78669

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesDock
Lot Size2.89 acres

Building Information

Year Built1990
Stories1
Roof Type312

Land Information

APN05580502020000
Lot Number8
SubdivisionMilam Ranch
Land UseResidential
Legal DescriptionLOT 8 MILAM RANCH
Census Tract035300
Assessed Land Value$912,266
Assessment Year2025

About this property

Rare opportunity to own over 200 feet of Pedernales River frontage on a stunning 3-acre Hill Country tract. This is the kind of property people spend years looking for — and very rarely find. Draped in native cedar and live oak, the land has a wild, unhurried character that's becoming increasingly hard to come by. Native grasses and Hill Country wildflowers weave through the tree canopy, offering a property that feels as much like a sanctuary as a site. The topography sets the stage for something truly special: build a multi-story home here and you'll be rewarded with sweeping Hill Country views that stretch for miles. When the lake is full, your 200+ feet of river frontage becomes direct water access — ideal for kayaking, swimming, or simply watching the water move. A structure is already on the property, offering flexibility as you plan your vision. The lot is served by a top-rated school district, making it just as practical as it is beautiful. Whether you're dreaming of a weekend escape, a forever home, or a legacy property to pass down — this is where that story starts.

Investor Tools

Property Icon
$1,148,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,148,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,888 /month
Positive
Cash Flow Estimate:
$2,296 /month

Interested in this property?

Jeremy Vandermause

Bramlett Partners

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,465/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,836
$847,470
2025
$912,266
N/A
$912,266
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,836
$847,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Franklin Bank Ssb
Unknown
$52,800
No
First
N/A
Nov 2007

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,148,000
100%
0%
$0/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.

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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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23601 Old Ferry RD 10 | Property Details | No Agent List