3 bed, 2 bath, 2,768 sqft on 2.03 acres in Spicewood. Spicewood, TX 78669. $1,445,000. Lake Travis ISD.
About This Home
Welcome to The Way to Live — A Hill Country Retreat Above Lake Travis Perched on 2+ private acres in coveted Siesta Shores, this custom three-story Mediterranean home delivers what most buyers only search for: panoramic Hill Country views, lake community access, a climate-controlled 4-car garage, and the kind of quiet that's genuinely hard to find at this price point on Lake Travis. Two blocks from two private lakefront parks and steps from the Siesta Shores Marina, the lifestyle here is built-in. $70/year HOA. No known STR restrictions. The Home: 2,768 SF across three stories — concrete floors and open living on the main level, soaring hickory hardwoods and open-concept kitchen/dining on the second, and a top-floor view room opening through floor-to-ceiling glass onto a panoramic deck where Lake Travis and the Hill Country stretch as far as you can see. Multiple decks, a stone fountain, and mature live oaks frame a property that lives like something far more expensive. The Infrastructure: New first-floor HVAC (Dec 2024), second system serviced (Jan 2025), tankless propane water heater, standing seam metal roof, and an 11,500-gallon rainwater harvesting system with full filtration. Radiant heated floors downstairs. Double-pane casement windows throughout. The Extras: Detached western red cedar sauna. 1,132 SF insulated, air-conditioned garage — finished and climate-controlled. Room to add a pool, guest house, or rental unit (buyer to verify). The Community: Adjacent to the emerging Travis Club luxury development. Lake Travis ISD. This is a one-of-a-kind property for a buyer who values privacy, views, sustainability, and lifestyle — and knows those four things rarely come together on Lake Travis.
Twenty acres may feel like isolation, but 20111 Colby Hill Drive in Spicewood delivers that sanctuary feeling on just over two acres in Siesta Shores Section 02, with Lake Travis spreading across the horizon and the Hill Country holding the view in every direction. This 2,768-square-foot Mediterranean home sits at $1.45M ($522 per square foot), a meaningful price point for what most buyers chase but rarely find on this side of the lake - genuine privacy without the remote feeling.
The property spans three stories and settles into its landscape like it was built for this specific ridge. Concrete flooring and open living anchor the main level. Hickory hardwood opens across the second floor where the kitchen and dining spaces flow without walls. The third floor is deliberate - a view room with floor-to-ceiling glass that frames the lake and Hill Country as your constant backdrop. Multiple decks and terraces multiply the outdoor living; mature live oaks and native plantings weren't forced but grew into the design. A detached western red cedar sauna sits separate from the main house, concrete-backed and intentional.
Infrastructure speaks to someone who built for keeps. The HVAC system was replaced in December 2024. A second climate system was serviced in January 2025. The tankless propane water heater feeds radiant heated floors on the lower level. Standing seam metal roof. Double-pane casement windows. An 11,500-gallon rainwater harvesting system with full filtration runs the property's water independence. The garage isn't an afterthought - 1,132 square feet, climate-controlled, finished, four-car capacity.
West Cypress Hills Elementary, Lake Travis Middle, and Lake Travis High School serve the Lake Travis ISD attendance zone. The community sits two blocks from two private lakefront parks and steps from Siesta Shores Marina. The HOA runs $70 annually. The 2.029-acre lot slopes gently and carries enough cleared space to add a pool, guest house, or secondary structure if the owner chooses to expand.
This property trades the distant commute for something less tangible - the feeling that work happens somewhere else entirely. Someone built this for people who understand that views and quiet and privacy compound in value over time.
The numbers behind this insight
- Offered at
- $1,445,000
- Listed
- May 5, 2026
- Asking price per sq ft
- $522
- Property Type
- Residential
- Year Built
- 2005
- Lot Size
- 2.03 acres
- Price / Sq Ft
- $522
- HOA
- $70/year
- Garage
- 4 spaces
Listing information last updated June 17, 2026.
Listed by Lumena Realty
MLS# 8690937 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- High Speed Internet
- In-Law Floorplan
- Recessed Lighting
- Pantry
- Sauna
- Smart Thermostat
- Storage
- Track Lighting
- Interior Steps
- Two Primary Suties
- Two Primary Baths
- Multiple Living Areas
- Study
- Home Office
- Dishwasher
- Disposal
- Gas Range
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Tankless Water Heater
- Water Purifier Owned
- Concrete
- Wood
- Heating
- Electric,Propane,Radiant Floor
- Cooling
- Central Air,Electric
Exterior & Lot
- Balcony
- Garden
- Gutters Full
- Private Entrance
- Concrete
- Frame
- Stucco
- Cleared
- Few Trees
- Garden
- Gentle Sloping
- Landscaped
- Level
- Native Plants
- Trees-Moderate
- Views
- Xeriscape
- Fenced
- Perimeter
- Slab
- Covered
- Deck
- Patio
- Porch
- Terrace
- Roof
- Metal
- Lot Size
- 2.03 Acres
- Additional Parking
- Attached
- Attached Carport
- Concrete
- Deck
- Detached
- Garage
- Garage Door Opener
- Gated
- Golf Cart Garage
- Gravel
- Guest
- Heated Garage
- RV Access
- Parking
- Garage Spaces
- 4
Financial
- HOA Fee
- $70 / year
- Original List Price
- $1,445,000
- Price per Sq Ft
- $522
Utilities
- Cable Available
- Electricity Connected
- High Speed Internet
- Natural Gas Not Available
- Phone Available
- Propane
- Sewer Not Available
- Water Available
- Water Source
- Well,See Remarks
- Sewer
- Septic Tank
Transaction History
2 records on file
Every recorded listing, sale, and lease at 20111 Colby Hill DR, whoever represented it.
- ActiveListed 2026Current price: $1,445,000Original list: $1,445,000MLS 8690937
- Listed · May 5, 2026$1,445,000
- ExpiredListed 2025Current price: $1,495,000Original list: $1,675,000MLS 6767731
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
Listed with current price, original ask, and market time.
- Current list
- $1,445,000
- Original list
- $1,445,000
- Price movement
- No verified reduction
- Listed / DOM
- May 5, 2026 · 169 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,019,128
- Assessment Year
- 2025
- Year Built
- 2005
- Parcel ID
- 000000151105
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+6.3% | — | $1,019,128 | — | — |
2024-0.3% | — | $958,429 | $487,500 | $571,162 |
2023+18.9% | — | $961,788 | $243,750 | $714,679 |
2022+40.9% | — | $809,102 | $243,750 | $718,038 |
2021 | — | $574,300 | $97,500 | $711,602 |
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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.
20% ($289K)
Adjustable assumption - not a lending recommendation.
$1,445,000
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$1,445,000
Price per sqft
$522/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
169 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 Oct 15, 2026.
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