
Privately gated and fully fenced, this exceptional Hill Country property presents a rare opportunity to own a three-unit mixed-use compound in the heart of Spicewood. Situated on 2.5 serene acres, the property offers panoramic Hill Country views, complete privacy, and remarkable flexibility—ideal for owner-users, live/work operations, short-term rental income, boutique office, or a strategic investment.
Designed for versatility, the property features three distinct units, each with its own layout and outdoor space to maximize usability and appeal. A long private drive provides ample on-site parking, in addition to a two-car garage and detached carport. Mixed zoning allows for both residential and commercial use, offering a unique opportunity for a variety of business or income-producing applications in this highly desirable Hill Country location.
All three units were rebuilt from the studs in 2025, blending high-end finishes with a refined modern farmhouse aesthetic. Interiors feature quartz countertops, custom cabinetry, new appliances, luxury vinyl plank flooring, energy-efficient windows, upgraded insulation, and new HVAC systems throughout.
The first unit offers approximately 1,784 SF with flexible office or living space and a private deck overlooking a courtyard. The second unit offers approximately 1,440 SF with additional workspace potential and private outdoor areas. The third unit, located above the garage, offers approximately 1,381 SF with elevated Hill Country views and open-concept flexibility.
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 compelling combination of acreage, mixed-use zoning, income potential, and accessibility. No HOA, low tax rate, and short-term rentals allowed, including Airbnb and VRBO.
Property Type
Commercial Sale
Year Built
1984
Lot Size
2.50 acres
Garage
15 spaces
Listed by HALLMARK LUXURY REAL ESTATE
Verified property facts
11151 State Highway 71 is listed at $1,395,000 with 0 bedrooms, 2.50-acre lot. This places it above the 78669 median of $875,000.
11151 State Highway 71 is a Commercial Sale built in 1984 featuring 0 bedrooms, 2.50-acre lot.
11151 State Highway 71 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($279,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 11151 State Highway 71 is around $9,796 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Flooring
Construction
Foundation
Parking
Listing timeline with current price, original ask, and market time.
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($279K)
$1,395,000
Luxury property intelligence
A sourced read on A1868 - (SMFA) SOUTH OF MF ACREAGE pricing, timing, and property scale. No automated valuation claim.
List price
$1,395,000
Price per sqft
Not available
Vs. A1868 - (SMFA) SOUTH OF MF ACREAGE median
Not available
Days on market
88 days
Original to current
No verified reduction
$1.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 15, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $1,395,000, 11151 State Highway 71 is in the A1868 - (SMFA) SOUTH OF MF ACREAGE market where there are currently 258 active listings in 78669. The Keenan Group has completed 9 transactions in 78669 as part of 1,000+ career sales totaling $1B+ across Austin.
11151 State Highway 71 was built in 1984 (42 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Best Match
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