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Property profile & analytics
OFF-MARKET
Residential income homes

431 Co Rd Spicewood, TX 78669

3,244 SF 16 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Total area 3,244 SF
Lot 16 ac (696,960 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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