Spicewood Point
97.2± Acres
- Price
- $5,250,000
- Deeded Acres
- 97.2±
- County
- Travis
- Location
- Spicewood, Texas
Spicewood Point is situated on Paleface Ranch Road, just 2 miles north of Highway 71, in a rapidly growing area of the Texas Hill Country. Nearby developments include the new Thomas Ranch development and Loraloma golf course, Travis Club on Lake Travis, and the new Canyon Ranch wellness resort. Other established nearby golf courses include the famous Austin Golf Club, Lakecliff on Lake Travis, and Barton Creek Lakeside.
The 97.2± acre property includes 13 platted residential lots of approximately 5 acres each, plus unrestricted acreage, and frontage on three separate paved county roads. This combination of extensive county road frontage, existing platted lots, and unrestricted acreage provides multiple avenues for investment.
With convenient access to Highway 71 and significant development nearby, Spicewood Point is well positioned as a transitional land investment. Its existing configuration offers opportunities to capture value in the near term while maintaining long-term flexibility as the surrounding area continues to grow.
Property Highlights:
- 97+/- acres on Paleface Ranch Road
- 2 miles north of Highway 71
- Over 4100 feet of paved county road frontage
- Platted as 13 residential 5-acre lots and 31.5+/- acres of unrestricted land
- Existing water well and electric on-site
- Groundwater feasibility study and soil-samples completed, see agent for details.
Location
Spicewood Point is located on Paleface Ranch Road, approximately 2 miles north of Highway 71 and 30 miles from downtown Austin. The property offers convenient access to Bee Cave, Lakeway and the Hill Country Galleria to the east, as well as Marble Falls and Horseshoe Bay Resort to the west.
The property features approximately 4,100 feet of frontage along three paved county roads: 1,575 feet on Paleface Ranch Road, 2,000 feet on Paleface Shore Drive and 525 feet on Paleface Point Drive.
Spicewood Point is within the Marble Falls Independent School District and is zoned to Spicewood Elementary, Marble Falls Middle School and Marble Falls High School.
Topography, Rangeland & Habitat
The property features generally level terrain with a gentle slope to the southeast, with elevations ranging from approximately 820 to 780 feet. Views of the surrounding Hill Country and Pedernales River Valley extend from nearly every portion of the property.
The land consists primarily of open pasture dotted with mature hardwoods. Wilson Hollow, a wet-weather tributary of the Pedernales River, follows the southwestern boundary, providing a natural buffer from the neighboring property and adding privacy and scenic character.
Improvements
The property is fully fenced along the perimeter boundary lines, including a newly constructed wooden equestrian-style fence along the county road frontage which makes up a majority of the perimeter boundaries. The primary access point is through a gated entrance at 314 Paleface Point Drive and there is an old pad site where a residence once stood. Beyond this, the property is unimproved.
Utilities
An existing water well, overhead electric lines, and an interior gravel road lead to the center of the property where a residence once stood. The concrete foundation of the previous residence remains, along with a small sports-court and various underground electric lines for the former arena and landscape lighting. Pedernales Electric Coop lines run along the county road frontage, ensuring easy access to electric service from any portion of the property.
Additionally, the seller has conducted a groundwater feasibility study by drilling two test wells on the property and has performed an on-site septic system suitability report, which included taking several soil samples at various locations throughout the property. These studies have been accepted by Travis County and confirmed the site’s suitability for individual water wells and on-site septic systems for each of the 13 residential 5-acre lots.
Area History
Straddling the western Travis County and southeastern Burnet County line, Spicewood is home to Krause Springs, Lake Travis, Willie Nelson’s famed Luck Ranch, multiple vineyards and wineries, extensive public park and recreation land, and several golf courses.
In recent years, there has been a surge in activity in Spicewood, prompted by a shortage of available inventory in the nearby Lakeway and Bee Cave areas, thereby propelling development further west into Spicewood. Additionally, Marble Falls, just 20 minutes west of Spicewood, serves as the retail, wholesale, trade and service center for a region of over 75,000 people. This area has also seen a surge in activity with the opening of the Baylor Scott & White Medical Facility in Marble Falls, and other recent employment gains attracting new full-time residents to an area historically known to be a weekend vacation destination. Additionally, with an increasing number of professionals capable of remote work and drawn to areas combining essential amenities and access to nature – such as the Hill Country surrounding the Highland Lakes west of Austin –
Spicewood stands as a focal point for future land ventures for savvy investors.
Key Features
Co-listed with Republic Commercial Land & Brokerage, LLC
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The information contained herein has been gathered from sources deemed reliable; however, Republic Ranches, LLC and its principals, members, officers, associates, agents and employees cannot guarantee the accuracy of such information. The information contained herein is subject to changes, errors, omissions, prior sale, withdrawal of property from the market without prior notice, and approval of purchase by owner. Prospective buyers should verify all information to their satisfaction. No representation is made as to the possible value of this investment or type of use, and prospective buyers are urged to consult with their tax and legal advisors before making a final determination.
Real Estate buyers are hereby notified that real properties and its rights and amenities in the States of Texas; Oklahoma; Colorado; Louisiana; Arkansas; and New Mexico are subject to many forces and impacts whether natural, those caused by man, or otherwise; including, but not limited to, drought or other weather related events, disease (e.g. Oak Wilt, Anthrax, Chronic Wasting Disease), invasive species, illegal trespassing, previous owner actions, neighbor actions and government actions. Prospective buyers of Texas real estate, New Mexico real estate, Colorado real estate, Oklahoma real estate, Arkansas Real Estate, or Louisiana real estate should investigate any concerns regarding a specific real property to their satisfaction.
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