431 County Road 413
About This Property
This property is both Ag Exempt and Unrestricted – a rare and valuable combination that offers exceptional flexibility. Whether you're envisioning a private estate, retreat, wedding venue, or boutique hospitality concept, this land is ready to support your vision without limitations.
With sweeping views, a charming barn, private well, and 18,000-gallon rainwater cistern, the setting blends beauty with utility. The interior features four-plus bedrooms, three living areas, 2.5 bathrooms, soaring ceilings, and salvaged architectural details that honor the home's legacy.
Highline Hill is also ideally situated in a corridor of exciting growth near the anticipated Loraloma and Thomas Ranch community and Canyon Ranch Wellness Resort. Nearby amenities include equestrian trails, boating on Lake Travis, a private airport, wineries, distilleries, and natural treasures like Krause Springs – all approximately 35 miles to Austin and 90 miles to San Antonio.
To gain a deeper understanding of this rare and special property, please take a moment to watch the narrated video on the property website, where the curators share personal insights into its history and transformation.
Preserved, celebrated, and ready to be shared.
Schedule a tour today.
*Buyer to verify all information*
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 11, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Price Decreased |
$1,950,000
↓ $275K
(12.4%) | |
| Price Decreased | |||
| Jul 2, 2025 | Listed by Christie's Int'l Real Estate | $2,225,000 | |
| Listed by Christie's Int'l Real Estate | |||
| |||
|
Where Timeless History Meets Modern Elegance: Nestled in the heart of Spicewood, this one-of-a-kind estate features two historic Texas farmhouses – lovingly relocated and renovated with respect for history and timeless appeal. Thoughtfully preserved and connected by a modern breezeway, the Brazos House (circa 1890), originally located near the Texas State Capitol and annexed by the State in the 1950s to expand the Capitol grounds, and the Homann House (1908 from Lytton Springs) – now sit atop 16.13 breathtaking Hill Country acres.
This property is both Ag Exempt and Unrestricted – a rare and valuable combination that offers exceptional flexibility. Whether you're envisioning a private estate, retreat, wedding venue, or boutique hospitality concept, this land is ready to support your vision without limitations.
With sweeping views, a charming barn, private well, and 18,000-gallon rainwater cistern, the setting blends beauty with utility. The interior features four-plus bedrooms, three living areas, 2.5 bathrooms, soaring ceilings, and salvaged architectural details that honor the home's legacy.
Highline Hill is also ideally situated in a corridor of exciting growth near the anticipated Loraloma and Thomas Ranch community and Canyon Ranch Wellness Resort. Nearby amenities include equestrian trails, boating on Lake Travis, a private airport, wineries, distilleries, and natural treasures like Krause Springs – all approximately 35 miles to Austin and 90 miles to San Antonio.
To gain a deeper understanding of this rare and special property, please take a moment to watch the narrated video on the property website, where the curators share personal insights into its history and transformation.
Preserved, celebrated, and ready to be shared.
Schedule a tour today.
*Buyer to verify all information*
| |||
| Apr 6, 2025 | Listed by Christie's Int'l Real Estate | $2,225,000 | |
| Listed by Christie's Int'l Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017