ActiveResidential · sale

24807 Martin

Spicewood, TX 78669

$369,000

  • 2 beds
  • 1 baths
  • 1,362 sq ft
  • 0.49 acres
  • Built 1978

Listed by Compass RE Texas, LLC · MLS #ACT2760197

A FEW THINGS TO NOTICE

What stands out.

Living spaces

Step inside to find an open concept kitchen and dining area flowing into large living room capped with a tall wood-clad ceiling.

Details worth a look

Fully fenced, front and back, with ample room to expand the house, or grow a sizeable garden.

Year built

Built in 1978.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Say howdy to country living at this 2-bedroom, 1-bath ranch-style retreat atop a peaceful 0.48-acre lot in beautiful Spicewood, TX—just down the road from Willie Nelson’s iconic Luck Ranch! The property stretches from Martin LN to Andrew DR, front to back, and is adjacent to a vacant lot. Surrounded by mature trees and native Texas wildlife, this property offers a tranquil, extremely private setting ideal for bird watching and good old fashioned relaxation. Take in the silence with a cup of coffee on the back porch, and marvel at the stars from a hammock under a dark night sky. Fully fenced, front and back, with ample room to expand the house, or grow a sizeable garden. The well and septic are already in place! The front facade includes all new hardiplank siding and the exterior was completely painted in 2022. Step inside to find an open concept kitchen and dining area flowing into large living room capped with a tall wood-clad ceiling. Imagine the bonus flex space, off the laundry room, as a home office or extra dining room! Renovations include: Custom 21' x 20' steel carport welded on site with Galvalume roof, 30 AMP plug at carport, replaced front and bedrooms windows, replaced front door and trim, Kohler kitchen sink & faucet and more! Dedicated RV/boat parking under a 2nd carport. The newer LG refrigerator and LG washer and dryer convey making this home move-in-ready. Every detail of this home captures the charm of rural Texas living—relaxed, scenic, and full of character. A true Hill Country hideaway with easy access to local music, culture, and the laid-back Spicewood lifestyle. Close by find El Gaucho Winery and Frontyard and 5 Soul Breweries!

THE NEIGHBORHOOD

Explore the location.

24807 Martin, Spicewood, TX 78669

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1978
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Central Air, Wall/Window Unit(s)
Heating
Central
Appliances
Dishwasher, Disposal, Dryer, Electric Range, Exhaust Fan, Microwave, Electric Oven, Refrigerator, Stainless Steel Appliance(s), Washer, Electric Water Heater
Flooring
Laminate, Tile
Fencing
Back Yard, Fenced, Front Yard, Gate, Privacy, Wood
Accessibility
None
Pool features
None
Subdivision
Old Ferry Sec 02
Parcel
05620904090000
Elementary school
West Cypress Hills
Middle school
Lake Travis
High school
Lake Travis
Annual property tax
$4,520.15

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,537.50
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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24807 Martin, Spicewood, TX 78669 · MLS #ACT2760197

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Listing information

MLS #ACT2760197 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Ryan Gamble

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.