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    21411 State Hwy Spicewood, TX 78669

    For Sale
    $8,500,000

    20 acres, Hwy 71 frontage, Lake Travis views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 20-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Spicewood, Texas market. Located at 21411 West State Highway 71, Burnet County, TX 78669, this property boasts 400 feet of frontage on Highway 71, offering unparalleled visibility and accessibility. The land is comprised of two 10-acre tracts, one fronting Highway 71 and the other fronting Reimers Peacock Road (see plat for details). Enjoy stunning views of Lake Travis. The property is at grade level, making it ideal for development. Currently, there is an older home on the property which is occupied

    Property Features for 21411 State Hwy

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • 20‑acre commercial land parcel in rapidly growing Spicewood, TX, with 400 feet of Highway 71 frontage.
    • Unrestricted zoning.
    • Stunning Lake Travis views.
    • Level topography.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spicewood
    County
    Burnet
    State
    Texas
    Longitude
    -98.0674483
    Latitude
    30.3564558

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    FAQs

    What type of property is this?
    Land - 20 acres, Hwy 71 frontage, Lake Travis views.
    Where is this land located?
    The property is located at 21411 State Hwy Spicewood, TX.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: 20-acre commercial land parcel in rapidly growing Spicewood, TX, with 400 feet of Highway 71 frontage.; Unrestricted zoning.; Stunning Lake Travis views.
    Request Owner's contact information
    21411 State Hwy 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    21411 State Hwy Spicewood, TX 78669
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