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$1,199,000
last listed23621 Indian Divide Cv, Spicewood, TX 78669
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4 bed, 2 bath, 3,481 sqft on 2.24 acres in Spicewood. Spicewood, TX 78669. Last listed at $1,199,000, sold September 23, 2026. Lake Travis ISD.
About This Home
The water is back! Lake Travis and the Pedernales River are once again delivering the waterfront lifestyle buyers have been waiting for.
Rare Pedernales River waterfront compound with direct boat access to Lake Travis. Situated on 2.24 private acres at the end of a quiet cul-de-sac, this exceptional Hill Country retreat offers the lifestyle buyers dream about—boating, wake surfing, wakeboarding, fishing, entertaining, and gathering with family and friends right from your own backyard.
The property's private covered double-slip boat dock features a boat lift, jet ski lift with room for, storage room, and sun deck, providing easy access to one of the most desirable stretches of the Pedernales River for recreational boating and wake surfing.
Designed for indoor-outdoor living, the grounds include a freeform stone pool and spa with water feature, multiple patios, outdoor fireplaces, a built-in wood-fired BBQ area, pergola-covered entertaining spaces, greenhouse, and raised garden beds. Mature oak trees and a long private drive create a peaceful setting with exceptional privacy.
The single-story residence offers authentic Texas Hill Country character with vaulted ceilings, exposed wood beams, decorative archways, a floor-to-ceiling stone fireplace, and abundant windows that capture the natural surroundings. The chef's kitchen features granite countertops, a large center island, custom stone accents, stainless appliances, and walk-in pantry.
A detached guest house with kitchenette and full bath provides flexible accommodations for guests, extended family, or a private office. Additional amenities include a heated and cooled 3-car garage with epoxy flooring, separate workshop garage with EV charger, RV parking with full hookups, and solar panels.
Whether you're searching for a full-time residence, waterfront getaway, or legacy property to enjoy for generations, this unique Pedernales River retreat delivers an unmatched Hill Country lifestyle.
From the moment you arrive at 23621 Indian Divide Cove in Spicewood, the panoramic views of the Pedernales River valley define everything about this property. Stone pillars frame a private drive that winds through mature oaks before opening to a single-story, 3,481-square-foot residence positioned to capture unobstructed sightlines across 2.24 acres of Hill Country landscape. The home sits at the end of a quiet cul-de-sac in Paleface Ranch, where the terrain slopes naturally downward, placing the main living spaces on the high ground with the river valley stretching out below.
The architectural layout treats the view as a primary feature, not an afterthought. Floor-to-ceiling windows in the dining area frame the vista on three sides, and selective tree management would open clear sightlines to the river from the breakfast table. The main living room anchors the home with a dramatic Hill Country stone fireplace and vaulted beamed ceilings that draw the eye upward, amplifying the sense of space and openness. Native stone and stucco exterior materials blend seamlessly with the landscape rather than competing with it. The three-bedroom, two-bath floor plan keeps the primary suite on the main level with direct access to the rear outdoor spaces, so waking and sleeping with those views becomes routine.
The design philosophy extends relentlessly outdoors. A freeform stone pool and raised spa occupy the upper level of the property, while multiple patios and pergola-covered living spaces step down the slope. A flagstone patio with built-in wood-fired BBQ pit and stone fireplace creates one gathering zone. A pergola-covered patio with stone bar opens to the river valley view from a second vantage point. These aren't afterthought decks, they're living rooms with views. A private covered boat dock with sun deck sits on the water's edge, offering direct Lake Travis access via the Pedernales River, plus boat lift and jet ski storage.
The property serves the Lake Travis ISD with West Cypress Hills Elementary, Lake Travis Middle, and Lake Travis High School. Spicewood sits roughly 30 minutes west of downtown Austin, placing the home in Hill Country quietness while maintaining reasonable proximity to employment centers and Austin-Bergstrom International Airport.
At 1.20 million dollars and priced at 344 dollars per square foot, this waterfront compound delivers the rare combination of authentic Hill Country character, unobstructed panoramic views, and functional outdoor living infrastructure that commands premium value. The property has moved quickly at 13 days on market, reflecting strong buyer interest in riverfront properties with this level of privacy and direct water access.
- Property Type
- Residential
- Year Built
- 2003
- Lot Size
- 2.24 acres
- Price / Sq Ft
- $344
- HOA
- $800/year
- Garage
- 4 spaces
- Pool
- Yes
Listing information last updated September 22, 2026.
Listed by Res and Ranch LLC
MLS# 2854424 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Beamed Ceilings
- Granite Counters
- Double Vanity
- High Speed Internet
- In-Law Floorplan
- Kitchen Island
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Soaking Tub
- Walk-In Closet(s)
- Gas Range
- Microwave
- Oven
- Refrigerator
- Tile
- Wood
- Heating
- Active Solar,Propane
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Barbecue
- Boat Dock - Private
- Boat Lift
- Boat Slip
- Electric Car Plug-in
- Garden
- Gutters Full
- RV Hookup
- Stone
- Stucco
- Cul-De-Sac
- Garden
- Landscaped
- Rolling Slope
- Sloped Down
- Sprinkler - Automatic
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Partial
- Slab
- Rear Porch
- Roof
- Composition
- Lot Size
- 2.24 Acres
- Additional Parking
- Detached
- Driveway
- Electric Vehicle Charging Station(s)
- Garage
- Parking Pad
- RV Access
- Parking
- Garage Spaces
- 4
- Pool
- Yes
- River Front
- Waterfront
Financial
- HOA Fee
- $800 / year
- Original List Price
- $1,199,000
- Price per Sq Ft
- $344
Utilities
- Electricity Connected
- Propane
- Sewer Connected
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank
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Price & Listing History
Pending with current price, original ask, and market time.
- Current list
- $1,199,000
- Original list
- $1,199,000
- Price movement
- No verified reduction
- Listed / DOM
- May 11, 2026
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,126,965
- Assessment Year
- 2025
- Year Built
- 2003
- Parcel ID
- 000000431294
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+7.5% | — | $1,126,965 | — | — |
2024-5.4% | — | $1,048,559 | $273,125 | $474,327 |
2023+61.7% | — | $1,108,040 | $76,950 | $971,609 |
2022 | — | $685,454 | $76,950 | $1,031,090 |
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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.
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% ($240K)
Adjustable assumption - not a lending recommendation.
Home price
$1,199,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$1,199,000
Price per sqft
$344/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$1.2M original
Active inventory context
Ask for current inventory
Source: Public records and Keenan Group review as of Oct 15, 2026.
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78669 ZIP Guide
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