4607 R O Dr — Sale in Spicewood, TX

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Spicewood, TX 78669
  • Size: 6,137 SF
  • Year built: 2001

Photos

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Investment Figures

Price per square foot
$403

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Building SF: 6137 | Land Size: 10.01 Ac | Year Built: 2001 | Listing Type: FOR SALE

Market Context

This multifamily in Spicewood, TX is listed for sale at $2,475,000 across 6,137 SF. The building dates to 2001. Compare it against other multifamily listings for sale in Spicewood, TX — view the full market.

First seen on CREHunt: Sep 23, 2026

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