Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
B+
NoAgentList RatingHow are grades calculated?Info
Days185Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$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
AppliancesBuilt In Oven, Double Oven, Dishwasher, Gas Cooktop, Disposal, Refrigerator, Trash Compactor, Wine Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Barbecue, Covered Courtyard, Garden, Outdoor Grill, Private Entrance, Private Yard, Uncovered Courtyard
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

Step inside a private sanctuary tucked beneath groves of majestic oak trees, perched high on the cliffs above Fall Creek near the edge of the Pedernales River. Set on eleven sweeping acres in the Spicewood hills, this ultra-private estate offers rare tranquility, dramatic Hill Country views, and a true sense of retreat—just minutes from the best of the Hill Country. Reminiscent of a Mediterranean villa, the home is thoughtfully designed around a magnificent central courtyard that feels both timeless and inviting, featuring lush gardens, an outdoor kitchen, and effortless indoor-outdoor living. Soaring ceilings, graceful arched doorways, abundant natural light, and panoramic views create an atmosphere of understated elegance throughout. A stunning circular driveway welcomes you to the property, while the negative-edge pool appears to float above the landscape, offering unforgettable views that stretch for miles. Located within the fully gated Fall Creek Estates—an intimate community of just fifteen five-acre lots—the property also enjoys access to a wet-weather creek. The estate includes multiple structures: the main residence with two bedrooms, two and a half baths, and an upstairs office that could serve as a third bedroom; a 420-square-foot casita just steps from the home; a detached two-car garage with Tesla charging; and a 1,000-square-foot metal barn. A private, grid-tied 19.2kW solar array powers the entire property, with irrigation and electrical service thoughtfully extended from the home to the street. The exterior has recently been refreshed in a soft, creamy white, enhancing the home’s classic appeal. Comprised of combined Lots 7 and 8, this is an exceptional Hill Country retreat. A rare opportunity also exists to purchase an adjacent five-acre lot, offering the ability to expand, build an additional home or casita, or preserve even greater privacy.

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

ContactContact

Want alerts when something changes with this property?

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

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...