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$1,445,000

5012 - 1 Hupedo Ranch RD 1, Spicewood, TX, 78669

On MarketInfo
Baths0 Bath
Baths1,278 Sq Ft
RanchRanch

Highlights

Interior

Bathrooms Half 3Bathrooms Half 3
Garage AvailableGarage Available

Exterior

Lot Size34.50 acres

Building Information

Year Built2000
Stories1
Garage Spaces1

Land Information

APN05422601240000
SubdivisionMilam B B
Land UseResidential
Legal DescriptionABS 2172 SUR 640 MILAM B B 34.5000 ACRES
Census Tract036500
Assessed Land Value$2,394,141
Assessed Improvement Value$58,661
Assessment Year2025

About this property

Seventeen acres of elevated Hill Country terrain, two cabins, a working ranch infrastructure, panoramic ridgeline views, and a gate that closes the rest of the world out. This is Lot 1 at Breezy River Ranch — and it is ready the day you close. The land sits above the Pedernales River canyon with open meadows, mature hardwoods, and multiple natural homesites across gently rolling, elevated ground. The views from the ridge are the kind you drive two hours to find. You are 15 minutes from Bee Cave and 45 minutes from downtown Austin. The land does not know that. On-site improvements include two tiny home-style cabins, a water well, a septic system, and electricity — meaning you are not starting from scratch. You are starting from ahead. Ranch infrastructure includes a barn, two horse stalls with feed shed, a corral, and a stock tank. Equestrian ready. Hobby ranch ready. Weekend retreat ready. Right now. Access is through two secure motorized gates shared with the adjacent Villa tract — the same gated private road that makes this corner of Spicewood one of the most quietly coveted addresses in Travis County. Light deed restrictions apply when purchased individually. Here is where it gets interesting: combine Lot 1 with the adjacent 13+/- acre riverfront Tract 2 and the 6.71+/- acre Villa lot — and the entire 37.3+/- acre property becomes fully unrestricted. No limitations. Private compound. Equestrian operation. Wellness retreat. Short-term rental resort. The land decides what it becomes when you own all of it. Seller financing available. Seller is flexible on subdivision configuration. Acreage and property lines are approximate and subject to survey. No deed restrictions have been recorded; a draft of proposed restrictions is available upon request. Tax amounts are estimated pending individual PID assignment. This is the Hill Country acreage play that pencils on its own and unlocks something bigger if you want it to.

Investor Tools

$0Estimated Mortgage Balance
$2,910,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,460 /month
Positive
Cash Flow Estimate:
$5,820 /month

Interested in this property?

Johnny Devora

Devora Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,515/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,628
$713,302
2025
$2,394,141
$58,661
$2,452,802
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,628
$713,302

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,910,000
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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5012 - 1 Hupedo Ranch RD 1 | Property Details | No Agent List