431 Co Rd Spicewood, TX 78669
- Residential income homes
- 3,244 SF
- 16.00 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 431 Co Rd
- Lot size
- 16.00 lot acres
- Property size
- 3,244 SF
- Property type
- Residential income homes
Description
This exceptional Burnet County property offers two beautifully restored historic farmhouses totaling 3,244 square feet on 16 acres. The main house, built in 1908, boasts unique architectural details, modern energy-efficient updates, and reclaimed antique features throughout. A connecting hallway bridge links it to a second house, enhancing functionality. Both homes feature a blend of original and repurposed materials, creating a unique and inviting atmosphere. The property includes 4 bedrooms and 2.5 bathrooms, and benefits from an agricultural exemption slated for 2025. The unrestricted land offers significant potential, coupled with a strong 5.00% cap rate, making this a compelling investment opportunity in the desirable Spicewood, Texas market (zip code 78669). The property is located at 431 Co Rd 413, and features north and south facing porches. The property's thoughtful restoration combines historical preservation with modern amenities, creating a truly unique and valuable asset. The two houses are situated on a hillside, creating a unique and picturesque setting. The property's location offers both privacy and convenient access to the surrounding area. Photos shown may include virtually staged furniture.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spicewood
- County
- Burnet
- State
- Texas
- Longitude
- -98.148
- Latitude
- 30.4575
