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$790,000

273 Cedar Mountain DR, Spicewood, TX, 78669

Off MarketInfo
Baths0 Bath
Baths1,500 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3 acres

Land Information

APNR83163
Lot Number143
SubdivisionSummit Springs Ranch
Land UseResidential
Legal DescriptionSUMMIT SPRINGS RANCH, LOT 143, ACRES 3.
Census Tract950102
Assessed Land Value$75,786
Assessed Improvement Value$38,281
Assessment Year2025

About this property

If you’re looking for hill country property that is ready to build your custom home on, then look no further. 273 Cedar Mountain Drive (Lot 143) is a 3-acre elevated lot with beautiful panoramic views and is located in the 860-acre gated community of Summit Springs. This lot backs up to a large private ranch. It already has a 30 x 50 insulated workshop (30 x 35 enclosed) with full bathroom and a 12 x 12 rollup door. The septic system is installed and 200-amp service panel ready to connect to your new custom home! A near 100 percent complete custom home plan with walk-out design will convey with property if interested. Partial driveway has also been completed. This development has a herd of blackbuck antelope which roam throughout the community adding to the natural beauty while also allowing owners to take advantage of an Ag exemption. Take advantage of the owner’s decision to “change their mind” and move closer to grandchildren in retirement.

Investor Tools

Property Icon
$790,000
Estimated Property Value
$0Estimated Mortgage Balance
$790,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,740 /month
Positive
Cash Flow Estimate:
$1,580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$458/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,542
$114,067
2025
$75,786
$38,281
$265,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,542
$114,067

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$790,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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273 Cedar Mountain DR | Property Details | No Agent List