7643 Co Rd Spicewood, TX 78669
This exceptional 221-acre unrestricted ranch in Spicewood, Texas, presents a unique investment opportunity. Located just north of Spicewood, it benefits from the significant westward growth of Austin along the Hwy 71 corridor. The property boasts a diverse range of improvements, including a 2,267 sq ft shiplap home (2017), a 1,800 sq ft barndominium (1995) with a 1,092 sq ft attached shop/garage, a 2,188 sq ft brick home (1989) with a 702 sq ft garage and 888 sq ft covered porch, and a +/-700 sq ft foreman's house. Extensive outbuildings include a 3,400 sq ft enclosed storage barn, an 1,800 sq ft pole barn, and 856 sq ft of additional storage. The ranch features a gently rolling topography of improved pasture land, with approximately 100 acres buildable requiring minimal clearing. Mature live oaks and post oak clusters enhance the landscape, complemented by two ponds and two stock tanks. The property is fully fenced with cross-fencing, and abundant native wildlife thrives here. Access is provided via an established, regularly maintained road system, with frontage on CR 410 (800 ft), CR 411 (1500 ft), and CR 404 (50 ft), and multiple gated entries. Water is supplied by a well, while residences utilize septic systems. A Corix 8" water line runs along CR 410 frontage. The unrestricted nature of the land allows for diverse development possibilities, including small acreage lot subdivision or venue creation. Its location near the recently announced Thomas Ranch master-planned community further enhances its potential. This property offers excellent long-term growth potential and reduced taxes through agricultural valuation (cattle/grazing). The asking price is $12,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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