Selected for the Terner Labs Housing Venture Lab

8460 Spicewood Springs Road, Waco, TX 76633

Active
Listed 55 days ago
Owner-Occupant Eligible
$1,299,900

About $8,597 a month to live here, after the rent from the other home.

House + ADU6,594 sqft6 beds7 bathsListed Sep 18, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$8,597a month

The second home on the lot rents for $1,221. We hold back $183 of that for repairs and an empty month, and the rest goes toward a $9,635 monthly payment.

Income to qualify: about $258,000 a year

With how much down?

At 20% down ($259,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $170,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$38,997 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Some properties give you a home; this one gives you two. Tucked into The Preserve in China Spring, 8460 Spicewood Springs is a rare offering: two complete residences on a single lot, with all the Tuscan-inspired character and flexibility that come with them. The nearly 5,000-square-foot main house lives large and easy, with four bedrooms and four baths. At its heart is a chef's kitchen that begs to be cooked in; a full Wolf suite runs the show, from the induction cooktop to the built-in wall oven and microwave. New Samsung refrigeration and dishwashers keep everything moving, and whole-home filtration with reverse osmosis sends filtered, softened water to every tap. It is a kitchen built as much for a quiet weeknight in as for a full house on a holiday; the kind of room where everyone ends up, cooking or not. The whole property answers to a single touch. A Control4 system puts lighting, climate, sound, and the pool a tap away, from the next room or across the country; upgraded speakers and Dolby surround carry sound from the living room and theater out to the patio and casita, and every television and stereo system stays with the home. At the center of it all, a resort-style pool and spa, rebuilt end to end on a new Pentair saltwater chlorinator system, anchor a covered patio built for long evenings outdoors. Just steps away sits a casita, a 1,600-square-foot second home that has never been lived in, with its own kitchen, living space, and two bedrooms with en-suite baths featuring seamless transition shower floors. Imagine your favorite people living close enough to share the pool every afternoon, and still coming home to a place entirely your own; the possibilities are yours to define. For the collector and the maker alike, the garages are rare: nine covered spaces in all, anchored by a six-car bay that conceals an insulated, AC-ready workshop. Room for the collection, the builds, and the projects that never fit anywhere else.

House + ADU

Property Type

32,931 sqft

Lot Size

2011

Year Built

Listing Date: 09/18/2026

Listed by: Trevor Caswell

Listing office: Keller Williams Realty, Waco

Source: NTREIS #21381979

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,299,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,299,900
Your Down Payment$259,980
Financed$1,039,920
Estimated Monthly Payment$9,635

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($259,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$9,635/month
Principal + Interest
$6,235
Property Taxes
$2,459
Home Insurance
$941
Rental Income (1 Unit)
$1,221/month

From the listing description.

Rental Expenses
-$183
Cost to live here
$8,597/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21381979 · Listing office: Keller Williams Realty, Waco

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.