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$1,895,000

Beds
4
Baths
3.0
sq ft
2,699

800 Spur 191, Spicewood, TX 78669

800 Spur 191

Spicewood, TX 78669

  • 38 days on market
Welcome to Double Creek Farm, a private 24-acre unrestricted gated property currently operating as an Airbnb and offering an array of possibilities. Featuring two scenic creeks, a 4/3 home with a wet weather pond, and a guest house this property can be developed into a homesteader's paradise, a glamping facility, or a commercial venture. By owning both sides of Little Cypress and Sycamore creeks, you have access to use both creeks to their fullest potential. The property is also home to TerraPurezza's agricultural regeneration, enhancing its value with sustainable practices. As experts who also manage Willie Nelson’s Luck Ranch, TerraPurezza brings a unique edge, allowing for the opportunity of continued agricultural use or a potential partnership. Enjoy the three irrigated fields and expansive orchards featuring peaches, pears, plums, figs and apples which is complemented by lush landscaping and plenty of room for your farm animals to graze. Whether you're looking to expand its Airbnb success, add commercial opportunities, or keep it as a personal sanctuary, Double Creek Farm offers unparalleled potential. Located minutes from Krause Springs, this property blends natural beauty with endless opportunities. Seller Financing Available.

Details

Property type

Single Family Residence

Est. home value

$2,146,067

Lot size

24.768 acres

Price per sq ft

$703

Year built

2001

Annual property taxes

$7,436.02

HOA

No

Price History

11/14/2024
Austin

Austin #2059769

Listed
$1,895,000
03/19/2024
Austin

Austin #3356338

Removed
05/09/2023
Austin

Austin #3356338

Listed
$1,995,000

Schools & Community

Elementary school: 

Spicewood (Marble Falls ISD)

Middle school: 

Marble Falls

High school: 

Marble Falls

Community features: 

None

High school district: 

Marble Falls ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$589,821
Asking price
$1,895,000
Closing costs (~8% of asking)
-$151,600
Est. remaining loan balance
-$1,153,579
Cash to seller
$589,821

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2021

Original loan amount

$1,232,000

Est. remaining balance

$1,153,579

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Stephen Hallock and Vanessa Prager

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 7:10 PM

Listing updated: 12/21/2024 at 9:08 AM

Listed by: Stacey Deville, Townes LLC Phone #: (512) 650-6364

MLS: Austin #2059769

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