323 Co Rd Spicewood, TX 78642
This exceptional 245-acre tract in Burnet County, Texas, presents a unique residential development opportunity near Liberty Hill. Currently targeted for single-family homes on one-acre lots, this property offers significant potential for builders and developers. Located just 10 minutes from SH 29, it enjoys convenient access via Co Rd 323, Old Liberty Hill Road, or 1869 from SH 29. The land is situated adjacent to the established River Ranch Master Planned Community and benefits from a planned county road improving access to SH 29. Future development will include a shared private community park featuring a six-acre stock pond (catch and release), an HOA to maintain development standards and the community park, and a planned walking trail. The area boasts a truly dark sky, adding to its appeal. Nearby amenities include a planned 100-acre high-end RV park and glamping park, and a planned 50-acre private airport and hangar complex. Water is available, but individual lots will require septic systems
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.