40
Map
$1,499,000
●
House -
Off Market
23923 Tres Coronas DR
Spicewood, TX 78669
4 Beds
4 Baths,
1
Half Bath
4,100 Ft²
$8,755
Est. Monthly
$67
HOA / Fees
1.08%
Cap Rate
About This Property
Looking for a deal here it is! Custom Hill Country home with over
4,000 sq ft on 5.02+/- fenced, horse-friendly acres in gated
Paleface Ranch. Access to Pedernales River/Lake Travis with
park and boat ramp. Perfect layout for entertaining. Features
include cathedral wood-beamed ceilings, a floor-to-ceiling
sandstone fireplace, and a large covered back porch.
The kitchen boasts custom Knotty Alder cabinetry, granite countertops, a warming drawer, convection microwave, pot filler, and butler's pantry. Luxurious owner's retreat with spa-like ensuite, jetted tub, and two walk-in closets. Downstairs guest suite with ensuite bathroom. Two well appointed dining areas with beautiful views. The upstairs balcony overlooks the family room & includes two large bedrooms, each w/their own private balcony, large closets w/built-ins & two well appointed bathrooms w/custom built-ins. One bedroom has a small adjacent study as well. You'll love the large bonus room, great for an office, media or game room! The best part is a versatile barn suitable for horses or car enthusiasts. Upstairs can be converted into guest quarters ready to go for the new buyers. Looking for elbow room and privacy..this true custom home is a little piece of heaven.
The kitchen boasts custom Knotty Alder cabinetry, granite countertops, a warming drawer, convection microwave, pot filler, and butler's pantry. Luxurious owner's retreat with spa-like ensuite, jetted tub, and two walk-in closets. Downstairs guest suite with ensuite bathroom. Two well appointed dining areas with beautiful views. The upstairs balcony overlooks the family room & includes two large bedrooms, each w/their own private balcony, large closets w/built-ins & two well appointed bathrooms w/custom built-ins. One bedroom has a small adjacent study as well. You'll love the large bonus room, great for an office, media or game room! The best part is a versatile barn suitable for horses or car enthusiasts. Upstairs can be converted into guest quarters ready to go for the new buyers. Looking for elbow room and privacy..this true custom home is a little piece of heaven.
Unit Size
4,100 Ft²
Days on Market
-
Land Size
5.02 acres
Price per sqft
$366
Property Type
House
Property Taxes
$1,327
HOA Dues
$67
Year Built
2010
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (Unlock MLS #ACT5584170)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2025 | In contract | - | |
| In contract | |||
| Nov 26, 2025 | Price Decreased |
$1,499,000
↓ $50K
(3.2%) | |
| Price Decreased | |||
| Nov 23, 2025 | Relisted | $1,549,000 | |
| Relisted | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Price Decreased |
$1,549,000
↓ $50K
(3.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
Price/ft²
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Listed On
Listed On
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HOA + Taxes
About Paleface Ranch
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Listed by: Jana Birdwell
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-05-31 08:40:02
Data Source: Unlock MLS, MLS# ACT5584170
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-05-31 08:40:02
Data Source: Unlock MLS, MLS# ACT5584170
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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