$2,475,000
●
House -
For Sale
4607 R O DR
Spicewood, TX 78669
7 Beds
5 Baths,
1
Half Bath
6,137 Ft²
$14,570
Est. Monthly
About This Property
Discover a rare opportunity to own a multi-generational gentlemen's
ranch and thriving investment property on 10 acres of unrestricted
Texas Hill Country land. Currently operating as a short-term rental
and event venue, this estate is equally suited as a private family
compound or income-generating retreat. Behind the gated entrance,
three distinct residences create endless versatility for hosting,
entertaining, or private living. Together, they offer 7 bedrooms, 6
full baths, multiple kitchens and dining areas, and expansive
gathering spaces. The Main Ranch House blends Hill Country charm
with modern comfort, featuring 4 main-level bedrooms (including 2
suites), a loft, and 3 bathrooms. A two-story Guest House provides
a separate kitchenette, dining area, and upstairs suite with
bedroom, bath, and sitting area. The third residence serves as an
entertainment lodge, complete with a two-room game house and bar on
the main level and a full upstairs suite with kitchen, dining, and
living space. Outdoors, enjoy resort-style amenities including a
heated pool with cascading water features, a gazebo, fenced garden,
and ample outdoor living areas framed by rolling terrain and
panoramic Hill Country views. Additional outbuildings provide
storage, workshop space, and flexible utility. With proven income
from Airbnb/VRBO and event rentals, plus no HOA or deed
restrictions, this property stands out as both a legacy estate and
a premier investment in the heart of Lake Travis ISD. Just minutes
from Highway 71 and an easy drive to Austin, it's a one-of-a-kind
lifestyle opportunity in Spicewood.
Unit Size
6,137 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$403
Property Type
House
Property Taxes
$2,416
HOA Dues
-
Year Built
2001
Listed By
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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: 2 months ago (Unlock MLS #ACT1250861)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Listed by Keller Williams - Lake Travis | $2,475,000 | |
| Listed by Keller Williams - Lake Travis | |||
| Jul 8, 2026 | Delisted | - | |
| Delisted | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Price Decreased |
$2,500,000
↓ $400K
(13.8%) | |
| Price Decreased | |||
| Oct 1, 2025 | Listed by Keller Williams - Lake Travis | $2,900,000 | |
| Listed by Keller Williams - Lake Travis | |||
   | |||
|
MAJOR PRICE IMPROVEMENT! Discover a rare opportunity to own a multi-generational gentlemen’s ranch and thriving investment property on 10 acres of unrestricted Texas Hill Country land. Currently operating as a short-term rental and event venue, this estate is equally suited as a private family compound or income-generating retreat.
Behind the gated entrance, three distinct residences create endless versatility for hosting, entertaining, or private living. Together, they offer 7 bedrooms, 6 baths, multiple kitchens and dining areas, and expansive gathering spaces. The Main Ranch House blends Hill Country charm with modern comfort, featuring 4 main-level bedrooms (including 2 suites), a loft, and 3 bathrooms. A two-story Guest House provides a separate kitchenette, dining area, and upstairs suite with bedroom, bath, and sitting area. The third residence serves as an entertainment lodge, complete with a two-room game house and bar on the main level and a full upstairs suite with kitchen, dining, and living space.
Outdoors, enjoy resort-style amenities including a heated pool with cascading water features, a gazebo, fenced garden, and ample outdoor living areas framed by rolling terrain and panoramic Hill Country views. Additional outbuildings provide storage, workshop space, and flexible utility.
With proven income from Airbnb/VRBO and event rentals, plus no HOA or deed restrictions, this property stands out as both a legacy estate and a premier investment in the heart of Lake Travis ISD. Just minutes from Highway 71 and an easy drive to Austin, it’s a one-of-a-kind lifestyle opportunity in Spicewood.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Additional Parking, Detached, Workshop in Garage
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Breakfast Bar, Ceiling Fan(s), Chandelier, Granite Counters, Double Vanity, Eat-in Kitchen, Entrance Foyer, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Storage, Walk-In Closet(s), Two Primary Baths, Two Primary Suties, Ceiling-High, Interior Steps, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main, Two Primary Closets
Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Gas Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Tankless Water Heater, Water Purifier Owned, Built-In Oven(s)
Flooring Type: Carpet, Tile, Wood
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Exterior Details
Square Footage: 6137
Square Footage Source: $0
Green Sustainability
Security Features: See Remarks
Property Condition: Resale
Year Built Source: Owner
Year Built: 2001
Waterfront Features: None
Levels: Two
Other Structures: Guest House, Second Residence, Shed(s), Storage, Workshop
Window Features: Blinds, Window Coverings
Construction Materials: HardiPlank Type
Patio and Porch Features: Covered, Front Porch, Patio, Porch, Rear Porch
Pool Features: Gunite, Heated, In Ground, Outdoor Pool, Waterfall
Pool is Private
Lot Features: Landscaped, Private, Rolling Slope, Wooded, Many Trees, Views, Sprinkler - Automatic
Lot Size Area: 435600
Lot Size Units: Square Feet
Lot Size Acres: 10
Lot Size Square Feet: 435600
Lot Size Dimensions: 438' x 1029'
Water Source: Well
Financial Details
Tax Assessed Value: $2,157,122
Tax Annual Amount: $28,996
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Travis
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Listed by: Megan Mrazek
Listed Office: Keller Williams - Lake Travis - Listing courtesy of Unlock MLS
Phone: (512) 263-9090
Last Updated: 2026-08-20 04:08:58
Data Source: Unlock MLS, MLS# ACT1250861
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams - Lake Travis - Listing courtesy of Unlock MLS
Phone: (512) 263-9090
Last Updated: 2026-08-20 04:08:58
Data Source: Unlock MLS, MLS# ACT1250861
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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