— bed, — bath on 40.05 acres in Spicewood. Spicewood, TX 78669. $2,495,000. Lake Travis ISD.
About This Home
40 Acres Near Lake Travis with Endless Possibilities
Smaller acreage options available. Potential for additional 25 acres, inquire with broker.
Welcome to 40 beautiful acres of open land surrounded by majestic oak trees and peaceful pastures. This property offers plenty of space and privacy, with great road frontage and the option to divide the land into two tracts (no smaller than 10 acres each). Low taxes with a wildlife exemption in place. Smaller option also available, see Agent for more information.
The land is very usable and has light restrictions, giving you the freedom to use it in many ways. Whether that’s building your dream home, setting up an equestrian property, or building for commercial use.
Just 5 minutes away is Pace Bend Park, a 1,368-acre park on Lake Travis with 9 boat ramps and over 15 miles of horseback riding trails. It’s perfect for boating, swimming, fishing, and riding through scenic Hill Country.
The property is located in the highly rated Lake Travis ISD, offering great schools while keeping a quiet, country feel. Nearby, you’ll also find Briarcliff Marina (5 minutes), a golf course, and easy access to Lake Travis for endless outdoor adventures.
This location is also close to some of the area’s best destinations. Austin Golf Club is just 10 minutes away, and the property sits 10 minutes from Loraloma Private Club and Estates, a luxury community known for its world-class design and lifestyle-focused amenities. 15 minutes to Hill Country Galleria, Lakeway, and Bee Caves. 35 minutes to Downtown Austin.
You’re also surrounded by renowned vineyards, Lake Travis (5 minutes), and the future sites of Canyon Ranch, a luxury spa resort, and Thomas Ranch, a planned high-end community with shopping, dining, cultural experiences, and commercial spaces.
With open pastures, shady trees, and flexible land use, this is a rare find for anyone who loves nature, space, and freedom.
Buyer to verify property usage
The 40.05-acre estate at Old Ferry Road in Spicewood presents one of the most versatile development opportunities in the Lake Travis area, with direct access to some of Hill Country's most coveted amenities. The property's gated entry announces arrival into private territory that spans open pastures anchored by mature oak trees, creating a landscape that balances raw acreage with deliberate land stewardship. The driveway approach crosses land configured for multiple uses, from equestrian operations to agricultural ventures to residential development.
The grounds themselves define this holding as genuine country estate land rather than raw acreage. Manicured pastures flow between groves of native oaks that provide both aesthetic value and screening from neighboring properties. The lot's approximately 40 acres sit within Travis County's lighter zoning restrictions, permitting flexibility in land use that few properties in this price range offer. The property can be subdivided into two tracts of no smaller than 10 acres each, making it suitable for family compounds, multi-generational planning, or development scenarios that would require significant land mass in a primary residence scenario.
Location anchors this property within the Lake Travis ISD, whose high school and middle school both serve students from Spicewood and surrounding Lakeway communities. West Cypress Hills Elementary feeds into the Lake Travis schools, positioning families in a district consistently ranked among the strongest in Central Texas. Five minutes south lies Pace Bend Park, the 1,368-acre Lake Travis recreation area offering 9 boat ramps, 15 miles of equestrian trails, and direct water access for boating and fishing. Briarcliff Marina operates just minutes away along the same corridor.
The property's proximity to Lake Travis Golf Club, Loraloma Private Club and Estates, and the emerging Canyon Ranch spa resort development establishes this land within a luxury resort-adjacent geography rather than standard suburban Hill Country. Hill Country Galleria and Lakeway's shopping and dining core sit 15 minutes east. Downtown Austin accessibility at 35 minutes positions the property as genuinely rural while maintaining practical access to major employment centers and urban amenities.
The combination of subdivision potential, mature landscaping, Lake Travis ISD enrollment, and proximity to both private clubs and public recreation creates an estate platform that accommodates expansion without requiring major land acquisition later.
The numbers behind this insight
- Offered at
- $2,495,000
- Listed
- April 13, 2026
- Price changes
- Reduced, down 10.9% from $2,800,000
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $595 per sq ft over the trailing 12 months (384 sales), as of November 4, 2026.
- Property Type
- Farm
- Lot Size
- 40.05 acres
Listing information last updated August 31, 2026.
Listed by Keller Williams Realty
MLS# 1858995 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Interior Lot
- Split Possible
- Many Trees
- Views
- Lot Size
- 40.05 Acres
- Pond
Financial
- Original List Price
- $2,800,000
Utilities
- Electricity Available
- Sewer
- Septic Needed
Transaction History
1 record on file
Every recorded listing, sale, and lease at 0000 Old Ferry RD, whoever represented it.
- ActiveListed 2026Current price: $2,495,000Original list: $2,800,000MLS 1858995
- Listed · April 13, 2026$2,800,000
- Price changed · June 18, 2026$2,799,500
- Price changed · August 27, 2026$2,495,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $2,495,000
- Original list
- $2,800,000
- Price movement
- $305K reduction
- Listed / DOM
- Apr 13, 2026 · 205 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $4,645
- Assessment Year
- 2025
- Parcel ID
- 000000903201
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-99.5% | — | $4,645 | — | — |
2021 | — | $867,414 | $867,414 | — |
Virtual Tour

Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
West Cypress Hills
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($499K)
Adjustable assumption - not a lending recommendation.
Home price
$2,495,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$2,495,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
205 days
Original to current
$305K reduction
$2.8M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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78669 ZIP Guide
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Lake Travis ISD Schools
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