
Discover a rare waterfront homesite opportunity at 509 Nomad Drive in Spicewood. Situated within the exclusive Paleface Lake Country Estates community, this approximately 1.95-acre waterfront property offers exceptional privacy, mature oak trees, panoramic Hill Country views, and approximately 150 feet of frontage along the Pedernales River arm of Lake Travis at normal lake levels.
The property's elevated bluff provides an outstanding building site for a custom lakefront estate designed to capture breathtaking sunrise views across the water and surrounding Hill Country. The pie-shaped configuration creates a unique sense of seclusion while maximizing both view corridors and usable space. A private easement road provides access to the lower portion of the property for direct enjoyment of the waterfront.
Ownership extends to the center of the Pedernales River, offering enhanced privacy and control of your waterfront experience. The property includes a new 200-amp electrical panel, community water availability, and ample room for a private well. With no builder restrictions and no timeline to build, owners have the flexibility to create their dream retreat at their own pace.
Located in a boutique waterfront community of only 58 homesites, residents enjoy access to a private boat launch and are just minutes from area golf courses, wineries, restaurants, and popular Hill Country destinations, including Krause Springs. Whether you're seeking a future custom home site, weekend getaway, or long-term investment, 509 Nomad Drive presents a rare opportunity to own premier waterfront acreage on Lake Travis.
Property Type
Land
Lot Size
1.95 acres
Listed by AustinRealEstate.com
Property Details
Features
Lot Features
Waterfront
Verified property facts
509 Nomad 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.
509 Nomad 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 509 Nomad DR is $8,927. 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.
With 20% down ($57,980) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 509 Nomad DR is around $2,248 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline 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% ($58K)
$289,900
Luxury property intelligence
A sourced read on Paleface Lake Country Estates pricing, timing, and property scale. No automated valuation claim.
List price
$289,900
Price per sqft
Not available
Vs. Paleface Lake Country Estates median
Not available
Days on market
7 days
Original to current
No verified reduction
$289.9K 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
At $289,900, 509 Nomad DR is in the Paleface Lake Country Estates market where there are currently 258 active listings in 78669. The Keenan Group has completed 9 transactions in 78669 as part of 1,000+ career sales totaling $1B+ across Austin.
509 Nomad DR includes verified waterfront access: River Front,Waterfront,See Remarks. 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.
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