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$4,750,000

5229 & 5012 Hupedo Ranch RD, Spicewood, TX, 78669

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,549 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,044.19 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Oven, Electric Oven, Free-Standing Electric Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
FlooringTile, Wood, See Remarks

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Balcony, Lighting, Private Yard
Lot Size2.80 acres

Building Information

Year Built1992
Stories2
Roof Type112
Garage Spaces4

Land Information

APN05422601060000
SubdivisionMilam B B
Land UseResidential
Legal DescriptionABS 2172 SUR 640 MILAM B B ACR 2.800
Census Tract036500
Assessed Land Value$186,535
Assessed Improvement Value$692,527
Assessment Year2025

About this property

Perched above the dramatic canyons of the Pedernales River, Breezy River Ranch spans 37.3 completely unrestricted acres just 45 minutes from Austin and minutes from Bee Cave, Lakeway, and the Hill Country Galleria. With 647 feet of spring-fed river frontage on a section of river that has never gone dry, even in extreme drought, this rare offering combines raw natural beauty, refined improvements, and flexibility of use. The 4,549 SF main villa sits on a limestone bluff with direct river frontage and is clad in native uncut Texas stone, with a standing seam metal roof and multiple outdoor terraces framing panoramic canyon views. Inside: vaulted ceilings, arched doorways, terracotta tile floors, granite countertops, and a spacious layout featuring a grand living area with fireplace, private sunroom off the primary suite, guest wing with balconies, and a detached 1-bed/1-bath apartment above the garage. Well and septic system in place. Additional ranch improvements include a site-built cabin and two additional cabins, an outdoor horse arena, barn, fenced pasture areas, greenhouse, stock tank, and equipment shed. A steel staircase provides access to the private riverfrontage, ideal for kayaking, fishing, and swimming. Wildlife is abundant, and the terrain offers a mix of oak-covered ridgelines and open meadows, well-suited for equestrian or recreational use. Located directly across from Reimers Ranch Park, a protected Travis County parkland, the ranch enjoys unobstructed canyon views and a natural buffer from future development. Whether you're searching for a generational estate, wellness retreat, equine facility, conservation sanctuary, or long-term investment hold, this land is fully unrestricted and ready for your vision. Seller will consider subdividing and may offer seller financing.

Investor Tools

$0Estimated Mortgage Balance
$1,980,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$28,500 /month
Positive
Cash Flow Estimate:
$9,500 /month

Interested in this property?

Johnny Devora

Devora Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,025/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,402
$508,239
2025
$186,535
$692,527
$879,062
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,402
$508,239

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,980,000
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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