— bed, — bath on 74.60 acres in Spicewood. Spicewood, TX 78669. $5,199,620.
About This Home
Rare Natural Water Grotto, Pond, Wet Weather Creeks, Expansive Hill Country Views, Mature Oaks, Ag-Exempt, Unrestricted, 404 Frontage and Borders 276+/- Acres of Parkland with Equestrian, Hike & Bike Trails to Lake Travis - in a thriving corridor near the future Loraloma/Thomas Ranch and CanyonRanch Wellness Resort. Whether you're seeking a picturesque Gentlemans Ranch (hunt/fish), a state-of-the-art equestrian facility (with trails to Lake Travis), or planning a retreat, resort, music or wedding venue, or custom development, this property offers an extraordinary canvas in one of the Hill Countrys most exciting regions. Located approximately 35 miles from Austin and 95 miles from San Antonio, and just minutes from boating, a private airport, Barton Creek Lakeside, Lakecliff Golf Club, Krause Springs, Austin Country Club, and several award-winning wineries and distilleries. Before recent market changes, this ranch received a LOI at $100K/acre, and is now offered $72K/acre ($5,371,200) - over $2 million less. This rare hidden gem & investment features a 1940's Cabin, two wells, electricity onsite, and potential water/sewer services may be available (inquire for details). If a buyer desires additional acreage, contact the listing agent for potential contiguous tracts up to 452.97+/- acres. Owned by the same family since the 1940s, this is a rare opportunity to acquire a breathtaking piece of the Texas Hill Country - offering natural beauty, heritage, and long-term growth potential. Schedule your private UTV tour today. Not all land is created equal, and this property is a perfect example of why. Buyer to independently verify all information, including but not limited to taxes, restrictions, schools, square footage, lot size, etc.
At about $72,000 per acre, 9939 County Road 404 stands out as a 74.6-acre commercial sale ranch in Spicewood, TX 78669 with rare natural water features, Hill Country views, and direct frontage in one of Burnet County’s most active growth corridors. 9939 County Road 404 borders roughly 276 acres of parkland with equestrian, hike, and bike trails leading toward Lake Travis, which gives this tract a level of access and long-range usability that is hard to replicate.
This is not a small luxury ranchette. It is a large-format land holding priced at $5.37 million with ag exemption in place, unrestricted use, and 281 days on market. The listing does not provide bedroom count, bathroom count, interior square footage, year built, school district, or school assignments, so those specifics should be verified independently. Because no building size is listed, there is no meaningful price per square foot to calculate from the source data. What is clear is land value. At 74.6 acres, the offering is positioned as a ranch, retreat, equestrian facility, event venue, or future development play in a part of Spicewood seeing real momentum.
The land itself is the story here. A natural water grotto, pond, wet weather creeks, mature oaks, and broad Hill Country views create a setting that works for recreation as much as investment. The property also includes a 1940s cabin, two wells, and electricity on site, with possible water and sewer service availability noted in the listing. That combination matters in this part of Burnet County, where utility access and usable terrain often determine what a buyer can realistically build and operate.
From 9939 County Road 404, you are minutes from Lake Travis boating, Barton Creek Lakeside, Lakecliff Golf Club, Krause Springs, and several wineries and distilleries that define the Spicewood lifestyle. The site also sits near the future Loraloma at Thomas Ranch and Canyon Ranch Wellness Resort, two names that signal where capital and attention are moving in the western Austin luxury corridor. County Road 404 frontage improves visibility and access, while proximity to a private airport adds another layer of convenience for buyers thinking beyond a traditional ranch use.
For a buyer looking at long-term value in Spicewood, this Burnet County commercial ranch offers scale, water, access, and flexibility in a location where lifestyle demand and land scarcity should keep shaping the upside.
The numbers behind this insight
- Offered at
- $5,199,620
- Listed
- April 1, 2025
- Price changes
- Reduced, down 3.2% from $5,371,200
Keenan Luxury Market Index: $5M-$10M single-family homes across the Austin area sold at a median $990 per sq ft over the trailing 12 months (44 sales), as of November 4, 2026.
- Property Type
- Commercial Sale
- Lot Size
- 74.60 acres
Listing information last updated October 1, 2026.
Listed by Christies Intl Real Estate Lone Star
MLS# 7795715 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 74.60 Acres
Financial
- Original List Price
- $5,371,200
Utilities
- Electricity Available
- Electricity Connected
- Phone Available
- Water Available
- Water Source
- Well
Transaction History
4 records on file
Every recorded listing, sale, and lease at 9939 County Road 404, whoever represented it.
- ActiveListed 2025Current price: $5,199,620Original list: $5,371,200MLS 9139969
- Price changed · October 1, 2026$5,199,620
- ActiveListed 2025Current price: $5,199,620Original list: $5,371,200MLS 7795715
- Price changed · October 1, 2026$5,199,620
- ActiveListed 2025Current price: $5,199,620Original list: $5,371,200MLS 7103703
- Price changed · October 1, 2026$5,199,620
- ActiveListed 2025Current price: $5,199,620Original list: $5,371,200MLS 6393135
- Price changed · October 1, 2026$5,199,620
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $5,199,620
- Original list
- $5,371,200
- Price movement
- $171.6K reduction
- Listed / DOM
- Apr 1, 2025 · 582 days
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District Schools Nearby
Lake Travis High School
Bee Cave Middle School
Hudson Bend Middle School
Lake Pointe Elementary
Lakeway Elementary
Bee Cave Elementary
District context schools are shown because address-level assigned school fields are not available for this property. 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.
Illustrative down payment
20% ($1.0M)
Adjustable assumption - not a lending recommendation.
Home price
$5,199,620
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$5,199,620
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
582 days
Original to current
$171.6K reduction
$5.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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