Investor Opportunity-Unlock the potential of this rare 2.59-acre investment opportunity in the sought-after Spicewood area, just east of Austin. The land has already been cleared of brush and includes three existing structures—a main home, a casita, and a third building. Renovate the existing improvements to create multiple income-producing units and maximize cash flow, or remove the structures and start fresh with a custom luxury estate or redevelopment project. Whether your strategy is fix-and-hold, short-term rentals, long-term rentals, multi-generational living, or new construction, this property offers the flexibility to tailor the investment to your goals.Property offers an incredible opportunity to build equity in a sought-after location with endless possibilities. BANK OWNED being sold AS-IS, with no seller disclosures available. Buyers are encouraged to perform their own due diligence regarding the property's condition, zoning, utilities, and intended use.
Spicewood, located between Lake Travis and the Pedernales River, is a Hill Country and lakeside Marble Falls neighborhood with winding ranch roads and limestone bluffs. The neighborhood’s character concentrates around the Spur 191 and TX-71 junction, where roadside barbecue, a general-store feel, and live-music patios set the pace. Community pillars include Opie’s Barbecue, Spicewood Vineyards, and Krause Springs. Architecture leans to ranch-style homes, modern Hill Country builds, and lake-area retreats with big porches and metal roofs. Days revolve around water access, scenic drives, and trail time in the Balcones Canyonlands. Evenings track toward tasting rooms and low-key outdoor gathering spots.
Provided by Walk Score and Local Logic
Market insights
3607 Crawford · $399,000
DAYS ON MARKET
54 days
The average home goes pending in 70 days.
SALE-TO-LIST
97.3%
Most homes are selling 3% below list price.
LIST PRICE
$399,000
Median list price in this area is $507,436. (27% higher than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Living
Interior features
3 total rooms
Bedrooms
Bedroom (First floor) — 10x10
Bedroom (First floor) — 15x10
Primary bedroom (First floor) — 15x12
Bathrooms
2 full bathrooms
Exterior features
Corner lot
Wooded lot
Home design
Residential property
Built in 1975
Parking
Additional parking
Driveway
Construction
Stucco and wood siding exterior
Metal roof
Pillar/post/pier foundation
Utilities
Well water
Electricity and solar
View estimated energy costs and solar savings for this home
Investor Opportunity–Unlock the potential of this rare 2.59-acre investment opportunity in the sought-after Spicewood area, just east of Austin.The land has already been cleared of brush and includes three existing structures—a main home, a casita, and a third building. Renovate the existing improvements to create multiple income-producing units and maximize cash flow, or remove the structures and start fresh with a custom luxury estate or redevelopment project.Whether your strategy is fix-and-hold, short-term rentals, long-term rentals, multi-generational living, or new construction,this property offers the flexibility to tailor the investment to your goals. This property presents an incredible opportunity to build equity in a highly desirable location with endless possibilities.BANK-OWNED being sold AS-IS, with no seller disclosures available. Buyers are encouraged to perform their own due diligence regarding the property’s condition, zoning, utilities, and intended use.
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 107° expected this year, 20 days in 30 years
6/10 Wind Factor
70% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Spicewood, TX • 78669
Average low and high temperatures (°F)
59
37
69
45
80
56
81
62
86
65
92
74
91
73
95
73
91
68
88
63
76
53
68
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in Spicewood. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
7.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3607 Crawford
$386,241
$13K under list price of $399K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $340K to $599K.