Improved Residential Land for Sale in Spicewood, Texas

Welcome to 4607 R O Dr, Spicewood, TX 78669 - a rare, income-producing Hill Country estate on 10 unrestricted acres that blends luxury, scale, and flexibility. Built in 2001, this sprawling compound features 6,137 sq ft across three distinct structures, combining 7 bedrooms and 5.5 bathrooms. Currently operated as a high-end short-term rental and event venue, the property generates proven returns while also functioning seamlessly as a private family compound or legacy retreat. Each building is designed for independent living, yet the ensemble creates a unified experience surrounded by panoramic views, resort-style outdoor amenities, multiple gathering spaces, and utility outbuildings. With no HOA, no deed restrictions, gated access, and proximity to Highway 71 and the Austin metro, this offering presents an unmatched opportunity for commercial, hospitality, or boutique retreat investors.