3301 R O Dr, Spicewood, TX, 78669
About This Home
Breathtaking 14.98-Acre Hill Country Retreat in Spicewood, Texas. Discover an extraordinary opportunity to own a spectacular acreage property in the heart of the Texas Hill Country, perfectly situated on scenic R O Drive and within the highly sought-after Lake Travis School District. With sweeping panoramic views that stretch for miles, this rare gem offers peace, privacy, and natural beauty in every direction. The land features a seasonal creek that adds to its charm and provides a serene backdrop for wildlife watching and quiet relaxation. Whether you envision building your dream estate, creating a private weekend retreat, or investing in a multi-parcel opportunity, this property offers unmatched flexibility. A small rustic cabin is already in place—ideal as a cozy getaway while you design your future home. The property also includes a private water well, ensuring self-sufficiency and convenience. With lightly rolling terrain, mature trees, and multiple potential building sites, you’ll have endless options to take advantage of the views and natural landscape. This property is also being offered as a full 25-acre tract for additional pricing, or as two separate parcels—one measuring just over 10 acres of raw land and the other just over 14 acres with the residence—giving buyers the option to choose the size that best fits their vision. Each tract offers the same exceptional views and Hill Country character. Located just minutes from Lake Travis, award-winning wineries, and charming local restaurants, this property blends the tranquility of country living with the convenience of nearby amenities. Whether you’re seeking a secluded escape, a family homestead, or a smart investment, this Spicewood treasure delivers the rare combination of location, acreage, and stunning scenery.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Property condition: Resale
- Year built: 1977
Materials
- Foundation: Slab
- Roof: Composition, Shingle
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: See Remarks
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Features
- See Remarks
- Window features: None
- Flooring: See Remarks
- Number of fireplaces: 1
- Fireplace features: See Remarks
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 800 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 01429606020000
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Front Porch
- Exterior features: None
- Fencing: Barbed Wire
- Has view: Yes
- View description: Hill Country,Lake,Panoramic,Trees/Woods,Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Creek,Dry/Seasonal
Lot
- Lot size: 14.98 Acres
- Features: Native Plants,Private,Trees-Medium (20 Ft - 40 Ft),Trees-Moderate,Views
Parking
- Parking features: Additional Parking
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Inland Flooding
- Tornado
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,604 | $139,248 |
| Home Insurance * | $1,193 | $14,316 |
| Property Taxes | $2,505 | $30,060 |
| Electricity | $238 | $2,859 |
| Total | $15,540 | $186,480 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-27 | Price change | $1,455,000 |
| 2025-10-27 | Price change | $2,295,000 |
| 2025-10-27 | Listed for sale | $3,750,000 |
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