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 full 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 increase: $110K (10/1)
$2,900,000
4607 R O Dr, Spicewood, TX 78669
7beds
6,137sqft
Est.:
Single Family Residence
Built in 2001
10 Acres Lot
$-- Zestimate®
$473/sqft
$-- HOA
What's special
Modern comfortPanoramic hill country viewsEntertainment lodgeFenced gardenExpansive gathering spacesResort-style amenitiesGated entrance
- 88 days |
- 547 |
- 29 |
Zillow last checked: 8 hours ago
Listing updated: November 05, 2025 at 05:01pm
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
Tour with a local agent
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: $473/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
Price history
| Date | Event | Price |
|---|---|---|
| 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 | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $2,157,122 +0.3% |
| 2024 | $36,036 +2.3% | $2,150,125 -0.3% |
| 2023 | $35,243 -10.9% | $2,157,579 -3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$18,744/mo
Principal & interest
$14442
Property taxes
$3287
Home insurance
$1015
Climate risks
Neighborhood: 78669
Nearby schools
GreatSchools rating
- 7/10West Cypress Hills Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 9/10Lake Travis Middle SchoolGrades: 6-8Distance: 2.3 mi
- 9/10Lake 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.
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