MAJOR PRICE IMPROVEMENT! Discover a rare opportunity to own a multi-generational gentlemen’s ranch and thriving investment property on 10 acres of unrestricted Texas Hill Country land. Currently operating as a short-term rental and event venue, this estate is equally suited as a private family compound or income-generating retreat. Behind the gated entrance, three distinct residences create endless versatility for hosting, entertaining, or private living. Together, they offer 7 bedrooms, 6 baths, multiple kitchens and dining areas, and expansive gathering spaces. The Main Ranch House blends Hill Country charm with modern comfort, featuring 4 main-level bedrooms (including 2 suites), a loft, and 3 bathrooms. A two-story Guest House provides a separate kitchenette, dining area, and upstairs suite with bedroom, bath, and sitting area. The third residence serves as an entertainment lodge, complete with a two-room game house and bar on the main level and a full upstairs suite with kitchen, dining, and living space. Outdoors, enjoy resort-style amenities including a heated pool with cascading water features, a gazebo, fenced garden, and ample outdoor living areas framed by rolling terrain and panoramic Hill Country views. Additional outbuildings provide storage, workshop space, and flexible utility. With proven income from Airbnb/VRBO and event rentals, plus no HOA or deed restrictions, this property stands out as both a legacy estate and a premier investment in the heart of Lake Travis ISD. Just minutes from Highway 71 and an easy drive to Austin, it’s a one-of-a-kind lifestyle opportunity in Spicewood.
Active
Price cut: $400K (5/4)
$2,500,000
4607 R O Dr, Spicewood, TX 78669
7beds
6,137sqft
Single Family Residence
Built in 2001
10 Acres Lot
$-- Zestimate®
$407/sqft
$-- HOA
What's special
Modern comfortPanoramic hill country viewsEntertainment lodgeFenced gardenExpansive gathering spacesResort-style amenitiesGated entrance
- 263 days |
- 487 |
- 28 |
Zillow last checked:
Listing updated:
Listed by:
Megan Mrazek (512) 627-8055,
Keller Williams - Lake Travis (512) 263-9090,
Alice Duffy (512) 784-2345,
Keller Williams - Lake Travis
Source: Unlock MLS,MLS#: 6743600
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bedrooms: 4
Heating
- Central, Solar
Cooling
- Central Air
Appliances
- Included: Built-In Oven(s), Dishwasher, Disposal, Gas Cooktop, Microwave, Gas Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Tankless Water Heater, Water Purifier Owned
Features
- 2 Primary Baths, 2 Primary Suites, Breakfast Bar, Ceiling Fan(s), High Ceilings, Chandelier, Granite Counters, Double Vanity, Electric Dryer Hookup, Eat-in Kitchen, Entrance Foyer, In-Law Floorplan, Interior Steps, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Storage, Walk-In Closet(s), Washer Hookup
- Flooring: Carpet, Tile, Wood
- Windows: Blinds, Window Coverings
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total interior livable area: 6,137 sqft
Video & virtual tour
Property
Parking
- Parking features: Additional Parking, Detached, Workshop in Garage
- Has garage: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Front Porch, Patio, Porch, Rear Porch
- Exterior features: Exterior Steps, Garden, Lighting, Private Yard
- Has private pool: Yes
- Pool features: Gunite, Heated, In Ground, Outdoor Pool, Waterfall
- Spa features: Above Ground, Hot Tub
- Fencing: Barbed Wire, Gate, Livestock, Wood
- Has view: Yes
- View description: Hill Country, Panoramic, Trees/Woods
- Waterfront features: None
Lot
- Size: 10 Acres
- Dimensions: 438' x 1029'
- Features: Landscaped, Private, Rolling Slope, Sprinkler - Automatic, Trees-Large (Over 40 Ft), Many Trees, Trees-Medium (20 Ft - 40 Ft), Views
Details
- Additional structures: Guest House, Second Residence, Shed(s), Storage, Workshop
- Parcel number: 05340604320000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2001
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Propane, Solar
Community & HOA
Community
- Features: None
- Subdivision: Scott G W
HOA
- Has HOA: No
Location
- Region: Spicewood
Financial & listing details
- Price per square foot: $407/sqft
- Tax assessed value: $2,157,122
- Annual tax amount: $36,153
- Date on market: 10/1/2025
- Listing terms: See Remarks,Cash,Conventional,VA Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Price change | $2,500,000-13.8%$407/sqft |
Source:  Unlock MLS #6743600 Report a problem | ||
| 10/1/2025 | Price change | $2,900,000+3.9%$473/sqft |
Source: Unlock MLS #6743600 Report a problem | ||
| 12/31/2024 | Listing removed | $20,000$3/sqft |
Source: Unlock MLS #8904856 Report a problem | ||
| 8/20/2024 | Listed for rent | $20,000$3/sqft |
Source: Unlock MLS #8904856 Report a problem | ||
| 8/10/2024 | Listed for sale | $2,790,000+21.3%$455/sqft |
Source: Unlock MLS #6041992 Report a problem | ||
| 5/3/2022 | Sold | -- |
Source: Realty Austin solds #7586778_78669 Report a problem | ||
| 4/5/2022 | Contingent | $2,300,000$375/sqft |
Source: Unlock MLS #7586778 Report a problem | ||
| 3/29/2022 | Price change | $2,300,000-8%$375/sqft |
Source: Unlock MLS #8722765 Report a problem | ||
| 3/7/2022 | Price change | $2,499,999-3.8%$407/sqft |
Source: Unlock MLS #7586778 Report a problem | ||
| 2/17/2022 | Price change | $2,600,000-13.3%$424/sqft |
Source: Unlock MLS #7586778 Report a problem | ||
| 1/25/2022 | Listed for sale | $3,000,000+11.1%$489/sqft |
Source: Unlock MLS #7586778 Report a problem | ||
| 8/16/2021 | Listing removed | -- |
Source: Unlock MLS #8722765 Report a problem | ||
| 7/20/2021 | Listed for sale | $2,700,000-20.6%$440/sqft |
Source: Unlock MLS #8722765 Report a problem | ||
| 6/11/2021 | Listing removed | -- |
Source: Unlock MLS #2063954 Report a problem | ||
| 4/6/2021 | Listed for sale | $3,400,000$554/sqft |
Source: Unlock MLS #2063954 Report a problem | ||
| 2/28/2021 | Listing removed | -- |
Source:  Keller Williams Report a problem | ||
| 1/7/2021 | Listed for sale | $3,400,000+615.8%$554/sqft |
Source: Unlock MLS #2063954 Report a problem | ||
| 3/27/2013 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 2/12/2013 | Pending sale | $475,000$77/sqft |
Source: Austin City Living #4674558 Report a problem | ||
| 11/27/2012 | Price change | $475,000-5%$77/sqft |
Source: Austin City Living #4674558 Report a problem | ||
| 10/16/2012 | Price change | $499,950-6.6%$81/sqft |
Source: Austin City Living #4674558 Report a problem | ||
| 9/18/2012 | Price change | $535,000-2.7%$87/sqft |
Source: Austin City Living #4674558 Report a problem | ||
| 5/21/2012 | Price change | $550,000-8.3%$90/sqft |
Source: Austin City Living Report a problem | ||
| 5/9/2012 | Listed for sale | $600,000$98/sqft |
Source: Austin City Living Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $36,759 +2% | $2,157,122 +0.3% |
| 2024 | $36,036 +2.3% | $2,150,125 -0.3% |
| 2023 | $35,243 -10.9% | $2,157,579 -3% |
| 2022 | $39,564 | $2,224,133 +171% |
| 2021 | -- | $820,862 +10% |
| 2020 | $11,783 +10.2% | $746,238 -25.3% |
| 2019 | $10,690 +24.7% | $998,440 +61.9% |
| 2018 | $8,576 | $616,725 +11% |
| 2017 | $8,576 +0.1% | $555,574 -0.8% |
| 2016 | $8,570 | $560,033 +8.3% |
| 2015 | $8,570 | $517,318 -0.3% |
| 2014 | $8,570 | $519,012 +5.8% |
| 2013 | -- | $490,454 +10% |
| 2012 | -- | $445,867 +10% |
| 2011 | -- | $405,334 +10% |
| 2010 | -- | $368,485 +10% |
| 2009 | -- | $334,986 +10% |
| 2008 | -- | $304,533 +10% |
| 2007 | -- | $276,848 +10% |
| 2006 | -- | $251,680 +10% |
| 2005 | -- | $228,800 |
| 2002 | $4,052 | $228,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 78669
Getting around
3 / 100
Car-DependentNearby schools
GreatSchools rating
- 8/10West Cypress Hills Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 10/10Lake Travis Middle SchoolGrades: 6-8Distance: 2.3 mi
- 8/10Lake Travis High SchoolGrades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- Elementary: West Cypress Hills
- Middle: Lake Travis
- High: Lake Travis
- District: Lake Travis ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Travis County
- Spicewood
- 78669
- 4607 R O Dr
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