Spicewood Mixed-Use Income
11151 State Highway 71, Spicewood, TX 78669
COMMERCIAL - Spicewood, TX
Property size:
4,605 SFLot size:
2.50 AcresPrice / SF:
$302/SF- Added:
- Mar 28, 2026
- Days on Market:
- 68
- Last Refresh:
- Jun 3 at 5:06 am
Property Features for 11151 State Highway 71
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 5, Bathroom 2
- Parking
- 15
- Appliances
- Dishwasher, Dryer, Disposal, Microwave, Electric Range, Refrigerator, Washer, Washer Hookup, Electric Water Heater
- Standard status
- Active
- APN
- 060586
- Size
- 4,605 SF
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Description
- ABS A1868 H. NAUMANN, 2.5 ACRES
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Propane (Heating), Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Hardwood, Tile
- Building materials
- HardiPlank Type, Stone
- Roof type
- Composition
Listing agent Stacy Hallmark License #0692151 (512) 750-9737
Listing office HALLMARK LUXURY REAL ESTATE 19304 INVERNESS DR, SPICEWOOD, TX (512) 750-9737
Listing date Mar 28, 2026
MLS# 177229
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rare 2.5‑acre gated Hill Country compound with three rebuilt units (2025).
- Mixed‑use zoning allows for residential, commercial, and short‑term rental (Airbnb/VRBO) income.
- Turnkey property with high‑end modern farmhouse finishes and new appliances.
- Panoramic Hill Country views from multiple units.
- No HOA, low tax rate, and convenient location near Highway 71, Bee Cave, Marble Falls, and Lake Travis.
- Multiple units offer flexible layouts and private outdoor spaces.
Overview
This privately gated and fully fenced 2.5-acre Hill Country compound in Spicewood features three rebuilt units, offering mixed-use flexibility suitable for owner-users, live/work arrangements, short-term rental income, boutique offices, or investment purposes. The property combines privacy, panoramic views, and income potential. Each unit has its own layout and outdoor space, showcasing high-end modern farmhouse finishes such as quartz countertops, custom cabinetry, new appliances, luxury vinyl plank flooring, energy-efficient windows, upgraded insulation, and new HVAC systems. Rebuilt from the studs in 2025, the property is turnkey and designed for versatility. The main residence provides approximately 1,784 square feet of flexible living or office space and a private deck overlooking the courtyard. The second unit spans approximately 1,440 square feet, offering additional workspace potential and private outdoor areas. The third unit, approximately 1,381 square feet above the garage, captures elevated Hill Country views with open-concept flexibility. A long private drive provides ample parking, along with a two-car garage and detached carport. Mixed zoning allows both residential and commercial use, creating an opportunity for multiple income streams. The property is conveniently located just off Highway 71, providing easy access to Bee Cave, Marble Falls, and Lake Travis. Short-term rentals are allowed, including Airbnb and VRBO. The total property size is 4,605 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.4k | $42.00 |
| − Vacancy | −$47.0k | −$10.21 |
| EGI | $146.4k | $31.79 |
| − OpEx | −$36.6k | −$7.95 |
| NOI | $109.8k | $23.85 |
4,605 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,809 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$1.01M
$882.4K – $1.18M
NOI $70,591 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.92M
$1.68M – $2.25M
NOI $134,750 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Map
- City
- Spicewood
- County
- Travis
- State
- Texas
- Longitude
- -98.148612
- Latitude
- 30.4418955
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Rare 2.5-acre Hill Country compound with mixed-use flexibility.
Where is this mixed-use property located?
The property is located at 11151 State Highway 71 Spicewood, TX.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Rare 2.5‑acre gated Hill Country compound with three rebuilt units (2025).; Mixed‑use zoning allows for residential, commercial, and short‑term rental (Airbnb/VRBO) income.; Turnkey property with high‑end modern farmhouse finishes and new appliances.
