1517 Likeness RD, Spicewood, TX 78669

2 contiguous Pedernales river front lots in the gated community of Paleface Ranch! Own a part of the Paleface Ranch with this one of a kind, approx. 3.362 ac. Waterfront lot with, like new, boat dock with swing and jet ski lift, along with locked storage room. The flatwork that has been done on these 2 lots combined into one, is nothing short of amazing. Drive right down a concrete driveway to a parking area below and just a few stone steps to the water's edge. Beach like by the water and plenty of area to entertain. Rock outcroppings from the cliff side is really spectacular! Possibly fossils millions of years old! VERY FEW LOTS WITH ALL THIS FLATWORK! Everything is in place to take it to the next level of finishes. Approx. 259 ft of waterfront on the beautiful Pedernales River, which once offered some of the best water skiing around the Hill Country. Build your dream home or make it the perfect lake house. Pale Ranch offers a 11.24 ac. home owners park with a boat ramp. Absolutely Incredible Property!

Water frontage is the defining advantage here, and 1517 Likeness Rd puts that rarity into a gated setting in Spicewood. This offering combines multiple adjacent lots into a single 3.362 acre waterfront homesite in Spicewood, priced at $1.39M, with about 259 feet of frontage along the Pedernales River in Travis County. For buyers who understand Texas waterfront land, that mix of scale, access, and usable edge is what separates a speculative lot from one with real long term leverage. The location also lands in Lake Travis ISD, with Bee Cave Elementary, Bee Cave Middle School, and Lake Travis High School in the school path.

What stands out beyond the raw frontage is how much groundwork has already been handled at the site. The two lots have been combined, and substantial flatwork is already in place, which matters on waterfront parcels where slope, access, and build preparation often drive cost and complexity. Here, a concrete driveway carries down to a lower parking area, followed by just a short set of stone steps to the water. That is a meaningful usability advantage over many Hill Country waterfront tracts that offer shoreline on paper but little practical day to day access. The site also includes a like new boat dock with swing and jet ski lift, plus a locked storage room, giving the property immediate function before any future home construction begins.

The shoreline itself appears positioned for more than just scenic value. There is beach-like area near the water, broad room to gather and entertain, and notable rock outcroppings along the cliffside that add texture and permanence to the setting. The larger Paleface Ranch ownership story adds another layer, with an 11.24 acre homeowners park and boat ramp that strengthen recreational utility beyond the lot lines themselves. With 205 days on market, buyers have had time to measure this property against the broader land inventory, and that tends to sharpen the case for sites where the physical improvements, waterfront access, and lot configuration are already ahead of the field.

For a buyer planning a primary residence, second home, or long hold on scarce waterfront land, this is the kind of property where the value sits in what cannot be easily replicated later: acreage, frontage, access, and a site that is already positioned for the next stage of development.