Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spicewood Land Near Lake Travis Title is generated by Realmo AI

    Wesley Ridge Drive lot 80, Spicewood, TX 78669

    View on Map
    Claim this Listing
    For Sale
    $120,000

    LAND - Spicewood, TX

    Lot size:
    0.42 Acres
    Added:
    Aug 10, 2025
    Days on Market:
    277
    Last Refresh:
    May 13 at 10:06 am

    Property Features for Wesley Ridge Drive lot 80

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    035848
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Description
    S7230 The Point at Ridge Harbor, Lot 80, Blk B

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Deborah Carrington
    Deborah Carrington

    Listing agent Deborah Carrington License #0435564

    Listing office Texas Hills and Lakes RE P.O. Box 128, Spicewood, TX

    Listing date Aug 10, 2025

    MLS# 174659 Listing URL

    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

    • Lake Travis Access: Gated community with 2 boat ramps and optional marina access.
    • Community Amenities: Enjoy the inviting pool, tennis/pickleball courts, and waterfront picnic area.
    • Spacious Lot: Lot goes from street to street, offering ample space for a new home.
    • Minimum Home Size: Allows for a substantial home with a minimum of 2500 sq. ft.
    • Utilities: Private water and sewer, plus underground utilities.
    • Convenient Location: Only 20 minutes to Marble Falls or Bee Cave for shopping.

    Overview

    This 0.42-acre lot is located in the Ridge Harbor gated community on Lake Travis. The community provides access to two boat ramps, a pool, tennis and pickleball courts, and a waterfront picnic area. A marina with boat slips available for lease or sale is also present. Lot 80 extends from street to street, providing ample space for construction. The minimum square footage for homes is 2500. Private water and sewer services are available, along with underground utilities. The property is located approximately 20 minutes from Marble Falls and Bee Cave for shopping. This lot is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Spicewood
    County
    Travis
    State
    Texas
    Longitude
    -98.1062666
    Latitude
    30.4872582

    Nearby Similar for Sale

    • $1,395,000
      4,605 SF

      Spicewood Mixed-Use Income Property

      Rare 2.5-acre Hill Country compound with mixed-use flexibility.
      11151 State Highway 71, Spicewood, TX 78669
      View Details
    • $750,000
      6,098 SF

      Spicewood Pad Site on Highway

      Ready-to-build pad site with utilities and highway frontage.
      22108 State Hwy 71 W Spicewood TX 78669, Spicewood, TX 78669
      View Details
    • $2,800,000

      Spicewood Land with Development Potential

      40 acres of open land near Lake Travis.
      0 Old Ferry Road, Spicewood, TX 78669
      View Details
    • $1,210,000

      Spicewood Land for Development

      11+ acres near Hwy 71, suitable for development or ranchette.
      4213 Crawford Road, Spicewood, TX 78669
      View Details
    • $1,800,000
      1,476 SF

      Spicewood Estate with Water Access

      19.15-acre estate featuring a well, springs, and unrestricted acreage.
      414 Hall Lane, Spicewood, TX 78669
      View Details
    • $369,000

      Texas Hill Country Homesite

      2.95 acre homesite in Spicewood, TX with sweeping views.
      1700 CR 423, Spicewood, TX 78669
      View Details
    • $2,850,000

      Historic Spicewood Land with River Access

      39.66 acres with river access and development potential.
      23601 Old Ferry Road lot: 1, Spicewood, TX 78669
      View Details
    • $1,950,000

      Spicewood Land with Business Potential

      22 acres of unimproved land near Austin with business potential.
      0 Paleface Ranch Rd, Spicewood, TX 78669
      View Details
    • $1,490,000
      1,796 SF

      Spicewood Land with Mature Oaks

      11.78 acres in Spicewood, TX, featuring mature oak trees.
      7908 COUNTY ROAD 404, Spicewood, TX 78669
      View Details
    • $150,000

      Lake Travis Lakeside Beach Land

      Land near Lake Travis, perfect for recreation and relaxation.
      Lakeside Drive lot: 13 & 14, Spicewood, TX 78669
      View Details
    • $375,000

      Spicewood Land in Gated Community

      Undeveloped land in Lakecliff community with golf and lake access.
      25700 Cliff Circle, Spicewood, TX 78657-8998
      View Details
    • $275,000

      Residential Lot in Gated Community

      Prime lot in gated community with many amenities available.
      27509 Waterfall Hill Pkwy, Spicewood, TX 78669
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in gated community with lake access.
    Where is this residential land & home lot located?
    The property is located at Wesley Ridge Drive lot 80 Spicewood, TX.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Lake Travis Access: Gated community with **2 boat ramps** and optional marina access.; Community Amenities: Enjoy the **inviting pool**, tennis/pickleball courts, and waterfront picnic area.; Spacious Lot: Lot goes from street to street, offering ample space for a new home.
    (512) 785-9314
    We can help!
    Listing Contact
    Deborah Carrington
    Deborah Carrington
    Real Estate License ID: 0435564
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Wesley Ridge Drive lot: 80, Spicewood, TX 78669-7704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!