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4519 Crawford RD
About This Property
The property includes a 3-bedroom, 2-bath manufactured home generating approximately $25,000 in annual rental income. Retain the home for income or on-site use, occupy it while building, create a private Hill Country estate or explore future residential and commercial-development possibilities subject to applicable approvals.
The property does not currently have an agricultural valuation, providing the value of no rollback taxes associated with a prior agricultural exemption. A new owner may pursue an agricultural valuation after purchase if the property and intended use meet the applicable eligibility requirements.
Located in western Travis County within Lake Travis ISD, the land is convenient to Bee Cave, Lakeway, Lake Travis, golf, retail, dining and recreation. Major area growth includes the 2,200-acre Thomas Ranch and Loraloma development, the 1,500-acre Travis Club, the new Bee Creek District mixed-use destination and Highland Lakes High School scheduled to open in August 2029.
A strong opportunity for buyers searching for professionally cleared land, acreage with utilities, income-producing land, investment property, development land or 10+ acres near Austin and Lake Travis.
An existing topographic survey is available. Buyer to independently verify zoning, restrictions, legal access, utility capacity, agricultural-valuation eligibility, tax information, subdivision potential and intended use.
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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 |
|---|---|---|---|
| Jul 30, 2026 | Listed by Compass RE Texas, LLC | $1,299,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jun 6, 2026 | No longer available | - | |
| No longer available | |||
| Jan 15, 2026 | Price Decreased |
$1,375,000
↓ $124K
(8.3%) | |
| Price Decreased | |||
| Sep 19, 2025 | Listed by Compass RE Texas, LLC | $1,499,000 | |
| Listed by Compass RE Texas, LLC | |||
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Versatile 10+ Acres in Growing Spicewood — Residential, Commercial or Investment Use
Discover a rare gem in the heart of the thriving Spicewood community. This expansive 10+ acre parcel at 4519 Crawford Rd offers endless potential for residential or commercial development. Cleared and primed for your vision, the property supports a wide variety of uses and improvements, making it ideal for those looking to build, invest or create something unique.
Conveniently located just off Hwy 71, the land offers quick access to nearby growth, new retail, dining and recreation. The area continues to experience strong development, including the upcoming construction of a new high school scheduled to begin in July 2025 with an anticipated opening in August 2028—adding long-term value to this already desirable corridor of Central Texas.
The property currently includes a manufactured home offering flexible options for buyers. Use it as a construction office, generate income from the existing tenants (estimated at ~$25,000 annually), live on-site while you build or remove it entirely to start fresh. With a low tax rate of just 1.63% and no Ag exemption in place, there are no rollback taxes for the new owner.
Surrounded by luxury homes, high-end builders, private golf communities, wellness resorts and the natural beauty of Lake Travis, this property is perfectly positioned for an estate, boutique development or commercial use. The combination of flexibility, location and growth potential makes 4519 Crawford Rd a smart investment in one of Central Texas’s most in-demand markets.
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| May 21, 2025 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017