
312 Paleface Point offers a rare opportunity to own the entire Deerhaven subdivision—three parcels totaling approximately 10.87 acres in Spicewood—with Hill Country scenery, water views, and long-term flexibility. The offering includes a 5.75-acre homesite plus 2 additional parcels (approx. 2.49 and 2.63 acres), creating a unified tract with privacy, scale, and future potential. The property is used as a single homesite and taxed with a homestead exemption across the combined parcels. The 4-bedroom, 3.5-bath home features a flexible layout with 2 bedrooms on the main level and 2 upstairs, along with a dedicated office/flex space overlooking the pool and grounds. The kitchen opens to the living area and is equipped with granite countertops, stainless appliances, Thermador 5-burner propane cooktop, Thermador double ovens, and cherry cabinetry. The living space is anchored by a striking two-story stone fireplace, creating a natural gathering point within the home. The primary suite includes double vanities, walk-in closets, a garden tub, and a spa-inspired sealed steam shower with dual shower heads. Insulated, heated/cooled garage offers ideal space for workshop, hobbies, or studio use. Outdoor features include a pool with fountains, stand-alone hot tub, rooftop observation deck with panoramic Hill Country and Pedernales River views, a 20x20 outbuilding, additional storage and an arched metal roof. Utilities include a well with 2,500-gallon storage and booster pump, septic system, water softener, underground propane tank, and much of the gutterwork completed for a potential rainwater collection system. Located in Spicewood with a favorable tax rate of 1.54% and positioned in a high-growth corridor with practical access to Austin. Nearby amenities include Lake Travis access at Pace Bend Park and Muleshoe Bend, Grelle Recreation Area, and multiple golf options including Barton Creek Lakeside and Lakecliff, along with wineries, distilleries, and Hill Country recreation.
Property Type
Residential
Year Built
2004
Lot Size
10.87 acres
$/Sq Ft
$515
Garage
5 spaces
Pool
Yes
Listed by Keller Williams Realty
Verified property facts
312 Paleface Point DR is listed at $1,575,000 with 4 bedrooms, 3 full, 1 half bathrooms, 3,060 square feet, 10.87-acre lot. This places it above the 78669 median of $875,000.
312 Paleface Point DR is zoned for Marble Falls ISD with assigned schools: Spicewood (Marble Falls ISD) (elementary), Marble Falls (middle), Marble Falls (high). School assignments should be verified directly with the district.
312 Paleface Point DR is a Residential built in 2004 featuring 4 bedrooms, 3 full, 1 half bathrooms, 3,060 square feet, 10.87-acre lot.
312 Paleface Point DR 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.
The most recent annual property tax for 312 Paleface Point DR is $13,146. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#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
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listed with current price, original ask, and market time.

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. Ratings from GreatSchools.org.
20% ($315K)
$1,575,000
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List price
$1,575,000
Price per sqft
$515/sqft
Vs. Deer Haven median
Not available
Days on market
47 days
Original to current
No verified reduction
$1.6M 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
With 20% down ($315,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 312 Paleface Point DR is around $9,268 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,575,000, 312 Paleface Point DR is in the Deer Haven market where there are currently 259 active listings in 78669. The Keenan Group has completed 9 transactions in 78669 as part of 1,000+ career sales totaling $1B+ across Austin.
312 Paleface Point DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$1,575,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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