4 bed, 3 bath, 2,048 sqft on 0.58 acres in Spicewood. Spicewood, TX 78669. $1,075,000. Lake Travis ISD.
About This Home
LAKE TRAVIS WATERFRONT STR-Active, revenue-generating short-term rental now available in an incredible location on Lake Travis. Close-in location within the Big Bee Creek area, just outside of Lakeway. Gently sloping waterfront lot on a deepwater cove of Lake Travis. This property features TWO extensively remodeled homes with covered porches, swimming pool, outdoor covered pavillion and boat dock: The main house features 3 bedrooms, 2 baths, updated throughout with plenty of parking and extended driveway to the guest house, outdoor patio/entertaining areas, and boat dock. The guest house features an open plan with high ceilings, full bath, and kitchen. Waterfront access just outside of your back door with beautiful lake views. Nice area of large homes and weekend getaways. Both homes were renovated to the studs in 2022 with brand new septic to accommodate the property. New swimming pool built in 2023. If you're looking for a revenue-generating, waterfront, turnkey lake house property, already updated, with no HOA and low tax rate, this is it. This house checks all of the boxes. Inquire for showings and additional details.
The moment you pull into 2903 Oak Ridge Drive in Spicewood, Lake Travis spreads out before you like an open invitation. This Lake Travis waterfront property sits on a gently sloping 0.5827-acre lot in the Big Bee Creek subdivision, positioned on a deepwater cove where the water runs deep enough for serious boating year-round. You're not buying a house that looks at the lake from a distance. You're buying a basecamp on the water.
The property is built for movement. Waterfront access runs directly from your back door to the boat dock. Launch your kayak for sunrise runs across the cove. Pull your wakeboard boat up to the shared dock and be on glass-smooth water in minutes. The property was completely renovated to the studs in 2022, meaning the bones are modern even though the main house dates to 1955. The guest house features an open floor plan with high ceilings and full kitchen, allowing your crew to gear up and debrief without leaving the property. Both structures have covered porches built for post-activity hangouts with lake views.
Storage for an active lifestyle is built in. The extended driveway provides plenty of parking for trailers, trucks, and the vehicles of friends joining your lake weekends. The 2023 pool adds another dimension to your water time, plus covered outdoor pavilion space for gear organization and entertaining. Stainless steel appliances and quartz counters keep the main kitchen modern. Tile flooring throughout handles the wet, sandy reality of waterfront living. Smart thermostat lets you manage climate remotely between visits.
Lake Travis ISD schools serve the area, with Rough Hollow Elementary, Lake Travis Middle, and Lake Travis High anchoring the district. The Big Bee Creek area sits just outside Lakeway's hustle, placing you 25-30 minutes from Downtown Austin and close enough to major employers while maintaining true lake-country distance. No HOA restrictions and a low tax rate mean your money stays in your pocket, not tied up in fees. At $647 per square foot for 2,048 square feet across two livable structures, this waterfront acreage priced this close to the water is increasingly rare in the Lake Travis market.
The 92-day listing window reflects a property designed for a specific buyer: someone who sees a home as the launchpad for active days on the water, not a showpiece to photograph. This is where your adventure starts.
The numbers behind this insight
- Offered at
- $1,075,000
- Listed
- February 27, 2026
- Price changes
- 1, down 18.9% from $1,325,000
- Asking price per sq ft
- $525
- Property Type
- Residential
- Year Built
- 1955
- Lot Size
- 0.58 acres
- Price / Sq Ft
- $525
- Pool
- Yes
Listing information last updated June 10, 2026.
Listed by Compass RE Texas, LLC
MLS# 7859261 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Ceiling-High
- Quartz Counters
- Multiple Living Areas
- Open Floorplan
- Smart Thermostat
- Dishwasher
- Electric Range
- Microwave
- Free-Standing Electric Range
- Stainless Steel Appliance(s)
- Tile
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Boat Dock - Shared
- Exterior Steps
- Rain Gutters
- Private Yard
- Frame
- Hardi
- Plank Type
- Level
- Sloped Down
- Trees-Sparse
- Views
- Fenced
- Pillar
- Post
- Pier
- Covered
- Rear Porch
- Roof
- Metal,Shingle
- Lot Size
- 0.58 Acres
- Boat
- Driveway
- Off Street
- Paved
- Pool
- Yes
- Lake Front
- Lake Privileges
- Waterfront
Financial
- Original List Price
- $1,325,000
- Price per Sq Ft
- $525
Utilities
- Above Ground
- Sewer Connected
- Water Available
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 2903 Oak Ridge DR, whoever represented it.
- ActiveListed 2026Current price: $1,075,000Original list: $1,325,000MLS 7859261
- Price changed · June 10, 2026$1,075,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,075,000
- Original list
- $1,325,000
- Price movement
- $250K reduction
- Listed / DOM
- Feb 27, 2026 · 231 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $807,438
- Assessment Year
- 2025
- Year Built
- 1955
- Parcel ID
- 000000140977
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-7.2% | — | $807,438 | — | — |
2024+6.1% | — | $870,507 | $485,100 | $393,542 |
2023+124.1% | — | $820,134 | $535,500 | $419,782 |
2022 | — | $365,932 | $340,000 | $480,134 |
Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Rough Hollow
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($215K)
Adjustable assumption - not a lending recommendation.
$1,075,000
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Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$1,075,000
Price per sqft
$525/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
231 days
Original to current
$250K reduction
$1.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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