$1,490,000
●
Land -
For Sale
7908 CR 404
Spicewood, TX 78669
Studio
0 Bath
$7,317
Est. Monthly
About This Property
AG EXEMPT LAND!!! Spectacular opportunity in the heart of the
Texas Hill Country-this extraordinary property offers a rare blend
of natural beauty, flexibility, and prime location. Manicured to
perfection and park-like in setting, the land is adorned with
majestic, mature oak trees that create a serene and picturesque
landscape ideal for a private estate, family compound, or visionary
development. With no deed restrictions, the possibilities
here are truly limitless-bring your imagination and design the
lifestyle you've been dreaming of. Whether you envision a luxury
retreat, equestrian haven, boutique short-term rental concept, or a
one-of-a-kind homestead, this property provides the freedom to make
it your own. Conveniently located in the charming and growing
community of Spicewood and just minutes from the iconic Krause
Springs, you'll enjoy both tranquility and accessibility to one of
the Hill Country's most beloved destinations. An exceptional
bonus: the property includes three wells, offering valuable
infrastructure and supporting a wide range of potential uses. A 100
year old gas station marks the left front. Future Fredericksburg
???
Come see the most beautiful tract of land.
Come see the most beautiful tract of land.
Unit Size
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Days on Market
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Land Size
11.78 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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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: 7 months ago (Unlock MLS #ACT4333627)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 2, 2026 | Listed by Ruzicka Real Estate | $1,490,000 | |
| Listed by Ruzicka Real Estate | |||
| Jan 7, 2025 | Listed by Topper Real Estate | $575,000 | |
| Listed by Topper Real Estate | |||
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5.89 Acres Unrestricted in Downtown Old Spicewood Endless Possibilities!
Discover a rare gem in the heart of historic Old Spicewood! This expansive 5.89-acre property offers unlimited potential with 450 feet of frontage on County Road 404, just a short distance from the intersection of CR 404 and CR 410. Located only 1 mile from Highway 71, this prime location combines the charm of a peaceful rural setting with convenient access to nearby amenities and thoroughfares.
Key Features:
Unrestricted Property: Ideal for residential, commercial, or mixed-use development.
Structures on Site:
A small house awaiting restoration bring your vision and creativity!
Another building with a rich history, formerly a mechanic shop and the Old Spicewood Store a true nod to the area's past.
Water Well: Convenient and cost-saving water access already on the property.
Whether youre dreaming of a private retreat, a bustling business hub, or a unique combination of both, this property offers a blank canvas for your vision. The unbeatable location and historical charm make it an opportunity you wont want to miss!
Contact us today to schedule a tour and explore the endless possibilities this property offers.
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Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Cleared, Level, Open Lot, Wooded, Views
Lot Size Area: 513136.8
Lot Size Units: Square Feet
Lot Size Acres: 11.78
Lot Size Square Feet: 513136.8
Water Source: Well
Financial Details
Tax Assessed Value: $998,675
Utilities Details
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Burnet
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Listed by: Vlado Ruzicka
Listed Office: Ruzicka Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 266-9995
Last Updated: 2026-04-15 04:13:33
Data Source: Unlock MLS, MLS# ACT4333627
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Ruzicka Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 266-9995
Last Updated: 2026-04-15 04:13:33
Data Source: Unlock MLS, MLS# ACT4333627
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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