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    23601 Old Fry Rd, Unit 1 Spicewood, TX 78669

    For Sale
    $2,900,000

    LAND - Spicewood, TX

    Lot size:
    39.66 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 11 at 12:06 am

    Property Features for 23601 Old Fry Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    356845
    Fencing
    Perimeter
    Lot size
    39.66 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Private, Well
    Water front
    1

    Longhorn Realty, LLC (512) 289-2121

    Listing agent Anggay Tenney (512) 289-2121 License #0766463

    Listing date Nov 6, 2025

    MLS# 591375 Listing URL

    Copyright © 2025 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Spicewood Land on River

    This 39.66-acre ranch in Spicewood, Texas, steeped in Texas history, has exchanged hands only three times since the original Texas land grant of 1836. The property is currently Agricultural Exempt, fully fenced, and features multiple level building sites suitable for a homestead, ranch headquarters, or future development. The land appears to not be zoned or located within an ETJ, providing flexibility for both residential and commercial possibilities. The topography is mostly flat with gentle elevation changes that slope toward a Pedernales River slough, where there is a "living cave." Walking access down to the slough provides scenic beauty and recreation, while higher ground outside the partial floodplain ensures usable space for construction. The property has a water well, and electrical is available. A septic system is needed for future improvements. Mature oaks and native vegetation are scattered throughout. With seller-imposed restrictions, this land is ready for development and offers potential for commercial ventures. Located in the Lake Travis ISD and less than a 10-minute drive to Pace Bend Park, this property offers versatility and natural beauty. It presents a chance to own a piece of Texas history and create something extraordinary.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Spicewood
    County
    Travis
    State
    Texas
    Longitude
    -98.069795
    Latitude
    30.416043

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    FAQs

    What type of property is this?
    Commercial land - 39.66 acres with development potential in the Texas Hill Country.
    Where is this commercial land located?
    The property is located at 23601 Old Fry Rd, Unit 1 Spicewood, TX.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Historic 39.66-acre ranch with Pedernales River slough access and a 'living cave'.; - Unrestricted land with no zoning or ETJ, offering residential and commercial development potential.; - Multiple level building sites outside the floodplain with water well and electrical available.
    (512) 289-2121
    Request Owner's contact information
    23601 Old Fry Rd, Unit 1 Spicewood, TX 78669
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    Spicewood, TX 78669
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23601 Old Fry Rd, Unit 1 Spicewood, TX 78669
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