$1,495,000
●
House -
For Sale
7866 County Road 404
Spicewood, TX 78669
2 Beds
2 Baths
2,839 Ft²
$7,881
Est. Monthly
About This Property
Unrestricted 45+ AG-exempt acres in the original historical town of
Spicewood, offering endless potential for a homestead, ranch, or
agricultural pursuit.
The property features rich, fertile soil shaded by large pecan and live oak trees, along with peach, apricot, and fig trees, plus a wet-weather creek running through the land. Fully fenced and cross-fenced for livestock, the acreage includes a barn, chicken coop, and storage shed, making it ready for horses, cattle, goats, or gardens.
Sitting on the land is a 2,839-square-foot, 2-bedroom, 2-bathroom home featuring two separate living areas, two fireplaces, a carport, and a patio. The lower level functions as its own independent space complete with its own full kitchen-ideal for multi-generational living, long-term guests, or potential rental income. The house is ready for your updates and personal touch to make it truly your own.
Situated just half a mile from Krause Springs and Grelle Park on Lake Travis, this expansive property provides privacy, historical charm, and freedom from restrictions.
The property features rich, fertile soil shaded by large pecan and live oak trees, along with peach, apricot, and fig trees, plus a wet-weather creek running through the land. Fully fenced and cross-fenced for livestock, the acreage includes a barn, chicken coop, and storage shed, making it ready for horses, cattle, goats, or gardens.
Sitting on the land is a 2,839-square-foot, 2-bedroom, 2-bathroom home featuring two separate living areas, two fireplaces, a carport, and a patio. The lower level functions as its own independent space complete with its own full kitchen-ideal for multi-generational living, long-term guests, or potential rental income. The house is ready for your updates and personal touch to make it truly your own.
Situated just half a mile from Krause Springs and Grelle Park on Lake Travis, this expansive property provides privacy, historical charm, and freedom from restrictions.
Unit Size
2,839 Ft²
Days on Market
-
Land Size
46.59 acres
Price per sqft
$527
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
-
Listed By
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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: 9 days ago (Unlock MLS #ACT5646350)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Listed by Watters International Realty | $1,495,000 | |
| Listed by Watters International Realty | |||
| Sep 3, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 14, 2026 | Listed by Texas Hills and Lakes RE | $1,650,000 | |
| Listed by Texas Hills and Lakes RE | |||
 | |||
|
Unrestricted 45+ acres in the original historical town of Spicewood. The house was built in 1912 and where a Dr. M.L. Jackson lived and practiced medicine in the area in the early 1900's. Today, with some updates through the years, the house still is appreciated and loved. The lower level of the house features a large second living area with its own full kitchen. Also, the mud room could be converted to a third bedroom. The land boasts fertile soil, mature pecan trees, live oaks, peach trees, apricot trees, fig trees and a wet weather creek. The property is fenced and cross-fenced for livestock. The possibilities are endless on this ag exempt acreage - horses, goats, sheep, chickens, cows or for growing orchards and gardens. Also, it would lend itself to commercial use or being subdivided. Only 1/2 mile to Krause Springs and Grelle Park on Lake Travis. Call listing agent for appointment.
| |||
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 24, 2026 | Price Decreased |
$1,750,000
↓ $50K
(2.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Fireplace
Parking Details
Has Open Parking
Parking Features: Open, Outside
Interior Details
Full Bathrooms: 2
Interior Features: Interior Steps, Multiple Living Areas
Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Electric Water Heater
Flooring Type: Concrete, Wood
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 2
Exterior Details
Square Footage: 2839
Square Footage Source: $0
Green Sustainability
Property Condition: Resale
Year Built Source: Public Records
Year Built: 1912
Waterfront Features: None
Levels: One
Other Structures: Barn(s), Corral(s), Outbuilding, Poultry Coop, Shed(s), Storage
Window Features: Blinds
Construction Materials: Stone, Masonry – All Sides
Patio and Porch Features: Covered, Front Porch
Lot Features: Agricultural, Back Yard, Front Yard, Wooded, Public Maintained Road
Lot Size Area: 2029460.4
Lot Size Units: Square Feet
Lot Size Acres: 46.59
Lot Size Square Feet: 2029460.4
Water Source: Well
Financial Details
Tax Map Number: none
Tax Assessed Value: $1,696,000
Tax Annual Amount: $6,480
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Propane Stove
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
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Closing Price
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HOA + Taxes
About Burnet
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Listed by: Chris Watters
Listed Office: Watters International Realty - Listing courtesy of Unlock MLS
Phone: (512) 646-0038
Last Updated: 2026-10-17 04:05:29
Data Source: Unlock MLS, MLS# ACT5646350
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Watters International Realty - Listing courtesy of Unlock MLS
Phone: (512) 646-0038
Last Updated: 2026-10-17 04:05:29
Data Source: Unlock MLS, MLS# ACT5646350
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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