3500 R O Dr, Spicewood, TX 78669

Premier income-producing commercial property in one of Spicewood’s most desirable corridors. This unrestricted 7-acre boutique rental and event center features five revenue-generating structures including: a main event venue, two guest homes, a second event center, and a stage building ready for finish-out. Designed for hospitality, retreats, weddings, and corporate events, the property offers parking for 100+ vehicles, vendor access, and gated entry. Main Event – 2,234 sq ft (potential income producing). Willie’s Place – 1,128 sq ft (currently income producing) The Cottage – 513 sq ft (currently income producing) Event Center – 1,397 sq ft (income producing building) The Stage – 731 sq ft (income producing) needs finish-out for two additional income producing bedrooms. Back three acres cleared for future income producing Geodome glamping (plans reimagined) 5 Building total – 4,606 sq ft 7 acres 100 spaces (front parking area) Additional vendor parking at Event center

3500 R O Dr puts 7 unrestricted acres, five revenue-producing buildings, and parking for more than 100 vehicles into one of the most flexible commercial setups in Spicewood. In Spicewood, 3500 R O Dr is offered at $2.19 million, which works to about $476 per square foot across roughly 4,606 square feet built in 1995.

What stands out here is utility. This is a Commercial Sale - See Remarks property, but the real story is how many business models the site can support at once. The current layout includes a main event venue, two guest houses, a second event center, and a stage building with finish-out potential for two more income-producing bedrooms. The back three acres are already cleared, which gives the next owner room to expand into glamping, retreat lodging, or another event-focused concept without starting from scratch. In a Spicewood market where many properties offer land but not infrastructure, that matters.

The address sits off Highway 71 near Bee Creek Road, with a direct route back to Downtown Austin in about 30 minutes and Austin-Bergstrom International Airport in roughly 35 to 60 minutes depending on traffic. That access is a real advantage for weddings, corporate off-sites, live music, and short-term stays. Lake Travis remains a major regional draw, and Hill Country Galleria keeps shopping, dining, and daily services within reach for guests and operators. This part of Spicewood also benefits from steady visitor traffic tied to wineries, distilleries, and weekend travel from Austin.

For buyers who still track school boundaries for long-term resale, the property is in Lake Travis Independent School District, with West Cypress Hills Elementary School, Lake Travis Middle School, and Lake Travis High School serving the area. Lake Travis Middle School and Lake Travis High School both carry 9 out of 10 GreatSchools ratings, which strengthens the broader location story even for a commercially oriented asset.

At 137 days on market, this listing has had time to be evaluated, and the value question comes down to replacement cost and optionality. Recreating gated entry, event infrastructure, multiple rentable structures, 100-plus parking spaces, and future expansion room on 7 acres in Spicewood would be expensive and slow. 3500 R O Dr gives the next owner a working platform in one of the Hill Country’s most active growth corridors, with room for the income story and the land story to keep improving over time.