Lots 5 and 6 Courtside LN
About This Property
There is no immediate build requirement, allowing buyers to hold the lots and build when the time is right. Utilities are nearby and ready for connection, including water and sewer service through Texas Water Utilities, plus underground electric and fiber internet. Contact listing agent Alan Gabriel for additional property details and to discuss building possibilities.
A major advantage of Lots 5 & 6 is their location within Ridge Harbor - the community pool and tennis/pickleball courts are just steps away, with the marina and two private boat launches also just a short distance away. Marina slips are available for purchase or lease (subject to availability), and the community also offers a waterfront park with grilling and gathering areas.
Spicewood continues to grow while retaining the space, scenery, and recreational lifestyle that make this part of the Texas Hill Country so desirable. Continued investment, including nearby Thomas Ranch, is bringing additional dining, retail, recreation, services, and community amenities to the area. Nearby destinations include Krause Springs, Muleshoe Bend Recreation Area, Grelle Recreation Area, wineries, golf courses, and Spicewood Airport (88R), with convenient access to Marble Falls, Austin, and the Lakeway/Bee Cave corridor.
An approximate 1.32% property tax rate adds to the appeal compared with many surrounding Austin-area communities.
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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 |
|---|---|---|---|
| Aug 18, 2026 | Listed by Keller Williams Realty | $140,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017