— bed, — bath on 1.33 acres in Spicewood. Spicewood, TX 78669. $1,350,000. Marble Falls ISD.
About This Home
THE STUNNING 2928 Cliff Overlook is a 1.328-acre waterfront property on Lake Travis, offering stunning panoramic views of the main channel and surrounding Hill Country. Located in the prestigious Lakecliff on Lake Travis community, this lot features a level building site and unobstructed lake vistas. With deep water access and a peaceful inlet setting, it’s ideal for boating and water recreation. The gated community also offers upscale amenities including a championship Arnold Palmer–designed golf course, racquet club, clubhouse, and restaurant.
Waterfront acreage with a level building site is the defining advantage at 2928 Cliff Overlook in Spicewood. This is 1.328 acres of unimproved land in Spicewood, Travis County, positioned on Lake Travis with water frontage and the kind of site fundamentals serious buyers look for first: usable ground, direct relationship to the water, and clear orientation to the broader landscape. The lot is described with panoramic views across the main channel and surrounding Hill Country, along with unobstructed lake vistas that preserve the value of the setting once a home is built. For buyers planning around education from the start, the property sits in Marble Falls ISD, with Spicewood Elementary, Marble Falls Middle, and Marble Falls High serving the area.
What gives this parcel more weight than a typical vacant lot is the combination of privacy and utility. The setting is in a peaceful inlet with deep water access, which matters on Lake Travis because not every waterfront site delivers the same recreational function or long-term usability. That makes the property relevant not just as a homesite, but as a waterfront position with practical boating access built into the equation. The gated Lakecliff community adds another layer of value through established amenities that are hard to replicate independently, including an Arnold Palmer-designed golf course, racquet club, clubhouse, and restaurant. Those features do not replace the importance of the land itself, but they do strengthen the daily living profile and the resale narrative.
At $1.50M, this offering asks buyers to evaluate scarcity the right way. It is not about square footage or finish selections because there is no existing structure to price around. It is about whether 1.328 waterfront acres in a gated Lake Travis community, with a level build site, deep water access, and main-channel Hill Country views, lines up with the kind of property that stays hard to replace over time. After 216 days on market, the opportunity remains straightforward: secure a rare waterfront position in Spicewood and build with a clear eye toward use, water access, and long-term value.
The numbers behind this insight
- Offered at
- $1,350,000
- Listed
- August 12, 2025
- Price changes
- Reduced, down 10% from $1,500,000
- Property Type
- Land
- Lot Size
- 1.33 acres
- HOA
- $1,740/year
Listing information last updated August 24, 2026.
Listed by Story Real Estate LLC
MLS# 8917730 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Level
- Near Golf Course
- Trees-Moderate
- Views
- Lot Size
- 1.33 Acres
- Lake Front
- Waterfront
Financial
- HOA Fee
- $1,740 / year
- Original List Price
- $1,500,000
Utilities
- Electricity Available
- Sewer Available
- Water Available
- Water Source
- Private
- Sewer
- Private Sewer
Transaction History
3 records on file
Every recorded listing, sale, and lease at 2928 Cliff Overlook, whoever represented it.
- ActiveListed 2025Current price: $1,350,000Original list: $1,500,000MLS 8917730
- Price changed · August 24, 2026$1,350,000
- SoldAugust 8, 2005Listed at: $550,000MLS 8559963
- ExpiredListed date not recordedCurrent price: $795,000Original list: $795,000MLS 5318922
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
- $1,350,000
- Original list
- $1,500,000
- Price movement
- $150K reduction
- Listed / DOM
- Aug 12, 2025 · 430 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $386,100
- Assessment Year
- 2025
- Parcel ID
- 000000431360
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+42.9% | — | $386,100 | $386,100 | — |
2021 | — | $270,270 | $386,100 | — |
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Zoned Schools & District Context
Marble Falls
Bee Cave Middle School
Spicewood
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T22:07:35.145+00:00; normalized from annual dues.
20% ($270K)
Adjustable assumption - not a lending recommendation.
$1,350,000
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Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$1,350,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
430 days
Original to current
$150K reduction
$1.5M 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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