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$1,999,000

2808 & 2804 Fall Creek Estates DR, Spicewood, TX, 78669

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,177 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$629.21 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Dishwasher, Disposal, Gas Cooktop, Double Oven, Refrigerator, Trash Compactor, Wine Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Barbecue, Uncovered Courtyard, Garden, Outdoor Grill, Private Entrance, Private Yard
Lot Size6.47 acres

Building Information

Year Built2003
Stories2
Roof Type104
Garage Spaces2

Land Information

APN0556190105
Lot Number8
SubdivisionPaleface Homesteads
Land Use1 Family Dwelling
Legal DescriptionLOT 8 PALEFACE HOMESTEADS RESUB OF LOTS 8&9
Census Tract036500
Assessed Land Value$433,716
Assessed Improvement Value$1,045,650
Assessment Year2025

About this property

Comprised of combined Lots 7 and 8, this exceptional eleven-acre Hill Country retreat offers endless possibilities as a private residence, weekend escape, legacy property, or small ranch holding. An additional adjacent five-acre tract is also available, presenting the opportunity to expand, build another residence or casita, or preserve even greater privacy and open space. Set among towering oak trees and perched high above Fall Creek near the edge of the Pedernales River, this remarkable estate offers the rare combination of privacy, natural beauty, and refined ranch-style living. Located in the gated community of Fall Creek Estates, an exclusive enclave of only fifteen five-acre homesites, the property feels worlds away while remaining close to the wineries, lakes, and amenities of the Texas Hill Country. Designed with a timeless Mediterranean influence, the residence is centered around a stunning courtyard with lush landscaping, outdoor kitchen, and seamless indoor-outdoor living spaces that embrace the surrounding landscape. Expansive Hill Country views, soaring ceilings, arched doorways, and abundant natural light create a warm yet sophisticated retreat. The estate includes a thoughtfully designed main residence with two bedrooms, two and a half baths, and an upstairs office or optional third bedroom, along with a charming 420-square-foot casita ideal for guests or multigenerational living. Additional improvements include a detached two-car garage with Tesla charging and a 1,000-square-foot metal barn suitable for equipment, hobbies, workshop space, or recreational use. A private grid-tied 19.2kW solar array powers the property, while irrigation and electrical infrastructure have been extended throughout the acreage for convenience and future flexibility.

Investor Tools

$0Estimated Mortgage Balance
$2,203,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,218 /month
Positive
Cash Flow Estimate:
$4,406 /month

Interested in this property?

Lisa Little

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$918/month
$2,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,479,366
2025
$433,716
$1,045,650
$1,479,366
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,479,366

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,203,000
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.

Explore Texas Explore This Area
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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2808 & 2804 Fall Creek Estates DR | Property Details | No Agent List