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Description

Privately gated and fully fenced, this exceptional Hill Country estate presents a rare opportunity to own a three-residence compound in the heart of Spicewood. Situated on 2.5 serene acres, the property offers panoramic Hill Country views, complete privacy, and remarkable flexibility, making it ideal for a family compound, multigenerational living, live-work estate, equestrian retreat, or strategic investment. Designed for privacy, the property features three distinct residences, each with its own layout and outdoor space designed to capture the surrounding natural beauty. A long private drive provides ample parking, plus a two-car garage and detached carport. Mixed zoning allows residential and commercial use, a rare find in this desirable Hill Country location. Horses are allowed, and the property benefits from a very low tax rate with no HOA. All three residences were rebuilt from the studs in 2025, blending high-end finishes with a refined modern farmhouse aesthetic. Kitchens feature quartz countertops, custom cabinetry, and new appliances, while updates include luxury vinyl plank flooring, energy-efficient windows, upgraded insulation, and new HVAC systems. The first residence offers 1,784 SF with 2 bedrooms, 2 baths, and a flexible office or dining space with a private deck overlooking a courtyard. The middle residence offers 1,440 SF with 2 bedrooms, 2 baths, an office, and a private courtyard and deck. The third residence, above the garage, offers 1,381 SF with elevated Hill Country views, open living areas, and a spacious bedroom and bath. Conveniently located just off Highway 71 with easy access to Bee Cave, Marble Falls, and Lake Travis, this one-of-a-kind property offers a rare combination of acreage, mixed zoning, income potential, and Hill Country lifestyle in one exceptional setting. No restrictions and short-term rentals allowed, including Airbnb and VRBO.

Contact Agent

Col Realty

(512) 699-3810

📞 Call 💬 Text ✉️ Email

Property Details

Status	Active
MLS #	ACT222548878
Type	Residential
Year Built	1984
Lot Size	2.50 AC / 108,900 SF
County	Burnet
Subdivision	A1868 - (SMFA) SOUTH OF MF ACREAGE
Garage Spaces	2

Property Information

Interior

Breakfast BarCeiling Fan(s)Ceiling-HighCeiling-VaultedQuartz CountersDouble VanityEat-in KitchenInterior StepsKitchen IslandMultiple Dining AreasMultiple Living AreasOpen FloorplanPrimary Bedroom on MainRecessed LightingSoaking TubStackable W/D ConnectionsWalk-In Closet(s)

Appliances

DishwasherDisposalDryerElectric RangeMicrowaveRangeRefrigeratorStainless Steel Appliance(s)WasherWasher/DryerWasher/Dryer StackedTankless Water HeaterWater Softener

Community

CourtyardDog ParkGarage ParkingGated

Parking

Additional ParkingAssignedCarportCommonCoveredDetached CarportDrivewayElectric GateGarageGarage Faces FrontGatedPrivateShared DrivewayVaries by Unit

Utilities & Construction

Heat: Central, Electric, Hot Water, PropaneAC: Ceiling Fan(s), Central Air, Electric, ZonedNo Carpet, Tile, Vinyl, WoodRoof: Composition, ShingleFoundation: Pillar/Post/Pier, Slab

🏊 Pool

Directions: *From Austin: Head west on TX-71, passing through Bee Cave and continuing toward Spicewood. Stay on TX-71 West for approximately 25 miles. The property at 11151 E State Highway 71 will be just past Paleface Ranch Road on the right. At the fork in the road, stay to the right. *From Marble Falls: From US-281, turn onto TX-71 East. Continue for approximately 11 miles. Turn right, then stay to the right at the fork, and the property will be located on the right.