Sold on 11/27/23
Price Unknown
516 Bailey Lane, Spicewood, TX 78669
5beds
2,510sqft
Farm
Built in 1973
15.3 Acres Lot
$1,003,200 Zestimate®
$--/sqft
$3,069 Estimated rent
Home value
$1,003,200
$863,000 - $1.16M
$3,069/mo
Zestimate® history
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What's special
Welcome to 516 Bailey Ln, a historic family ranch nestled in the serene and picturesque Spicewood, Texas. This beautiful property & home offer a perfect combination of rustic charm, fantastic hill country/panoramic views, location, ag exemption, no restrictions & income production. As you approach the property, you'll be greeted by open, sandy loam pastures, century oaks & mature trees. The classic hill country stone exterior and charming front & back porches of the main home create a warm & inviting first impression. Step inside to discover spacious dining and living areas for entertaining. The living room's vaulted ceiling and large windows overlook the restful back porch and yard. A second living room/game room, office & laundry rooms are additional bonuses. Entertain guests under the covered outdoor pavilion & patio while enjoying the picturesque views of the surrounding hill country or take a refreshing dip in the hot tub on a chilly winter day. The backyard also offers a separate 1 bedroom/1 bath casita, spacious covered pavilion, storage barn, guest bath & more creating the ideal spot for summer barbecues or simply enjoying morning coffee in the tranquil surroundings. The updated primary bedroom in the main home is a serene oasis, offering a peaceful retreat at the end of a long day. Three additional well-proportioned bedrooms provide ample space for family and guests. Situated in Spicewood, you'll enjoy a sought-after community renowned for its breathtaking natural beauty and convenient proximity.
Zillow last checked: 8 hours ago
Listing updated: September 23, 2025 at 07:24am
Listed by:
Eileen C Depew 512-567-9915,
Keller Williams - Lake Travis
Source: HLMLS,MLS#: 165986
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Disposal, Electric Range, Refrigerator, Electric Water Heater
Features
- Flooring: Carpet, Hardwood, Laminate Floating, Tile
- Has fireplace: No
Interior area
- Total structure area: 2,510
- Total interior livable area: 2,510 sqft
Property
Features
- Fencing: Goat Fence,Wood,Partial
- Has view: Yes
- View description: Panoramic
- Waterfront features: No
Lot
- Size: 15.30 Acres
Details
- Parcel number: 056107
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Materials
- HardiPlank Type, Stone
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well, Well-Required
- Utilities for property: Electricity Available
Green energy
- Energy efficient items: Ceiling Fan(s)
Community & neighborhood
Location
- Region: Spicewood
- Subdivision: None
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/27/2023 | Sold | -- |
Source: | ||
| 10/30/2023 | Contingent | $1,299,000$518/sqft |
Source: | ||
| 10/18/2023 | Price change | $1,299,000-7.1%$518/sqft |
Source: | ||
| 9/13/2023 | Listed for sale | $1,399,000$557/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $349,664 |
| 2024 | $4,797 +61.8% | $349,664 +22.2% |
| 2023 | $2,965 -18% | $286,063 +10% |
Find assessor info on the county website
Neighborhood: 78669
Nearby schools
GreatSchools rating
- 6/10Spicewood Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10Marble Falls Middle SchoolGrades: 6-8Distance: 10 mi
- 5/10Marble Falls High SchoolGrades: 9-12Distance: 8.9 mi
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Estimated market value
$1,003,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,003,200
