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$2,950,000

NAL Estimated Property Value

3931 R O Dr, Spicewood, TX, 78669

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,752 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$866.2 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDryer, Plumbed For Ice Maker
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Barbecue, Uncovered Courtyard, Lighting, Private Entrance, Private Yard
Lot Size6.80 acres

Building Information

Year Built2017
Stories1
Roof Type112
Garage Spaces3

Land Information

APN05340604510000
Lot Number1
SubdivisionRoberts Subdivision
Land UseResidential
Legal DescriptionLOT 1 BLK A ROBERTS SUBDIVISION
Census Tract035400
Assessed Land Value$650,154
Assessed Improvement Value$2,081,555
Assessment Year2025

About this property

Welcome to 3931 R.O. Drive -- Once through the gated entrance, you'll find this private, luxurious and elegant one-story custom home (3 bedroom/3 full bath, 2476 SF) with a stunning attached guest house (2 bedroom/2 full bath, screened in porch, 1276 SF), sparkling in-ground pool, nearly 1000 SF of covered outdoor living areas for year round enjoyment, a stocked pond and an 1800 SF climate-controlled office/workshop (with office, kitchenette and half bath) on 6.8 groomed and usable acres in beautiful Spicewood, TX. This property is accented by its native landscaping, manicured lawns, flagstone patio, courtyard, a seasonal creek, vegetable garden, historic Texas windmill and stunning vistas -- all enhancing this one-of-a-kind property -- which is perfectly suited for full or part time living, a family retreat or vacation destination. The owners have lovingly and thoughtfully curated this home with great attention to detail--from its high quality custom construction and materials to its designer features, fixtures and finish out. This home is well located with easy access to all that we love about the Texas Hill County. The property is mere minutes from a variety of options for dining, retail, grocery, entertainment, recreation (golfing, boating, hiking, biking) as well as local music venues, vineyards and micro-breweries. Extremely light deed restrictions allow you to enjoy the property to the full. Live, work and play in the comfort, tranquility and beauty that is 3931 R. O. Drive.

Investor Tools

Property Icon
$2,950,000
Estimated Property Value
$2,704,500Estimated Mortgage Balance
$248,516Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,500 /month
Positive
Cash Flow Estimate:
$6,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,206/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,723
$1,670,582
2025
$650,154
$2,081,555
$2,731,709
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,723
$1,670,582

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$312,000
No
First
Jul 23, 2021
Aug 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,704,500
$263,500
8%
92%
$16,689/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$16,689/mo
$-14,273/mo
1.0%

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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3931 R O Dr | Property Details | No Agent List