— bed, — bath on 10.01 acres in Spicewood. Spicewood, TX 78669. $1,400,000. Lake Travis ISD.
About This Home
Now’s your chance to build your Hill Country dream home perched above the Pedernales River. This 10-acre property sits along a scenic stretch of the river where gently rolling terrain leads to a bluff with panoramic canyon and river views that will never get old. Dotted with century-old oaks, native plants, and an abundance of wildlife, it’s the perfect setting to create a home that feels completely in tune with nature, think infinity-edge pool overlooking the canyon rim and outdoor living spaces integrated into the landscape, all designed around the stunning views. The property currently carries an ag exemption with bee hives and previously supported a bird habitat, and it still shows today; more than 30 species of songbirds frequent the land, filling the air with their calls from sunrise to sunset. The mature trees provide privacy and shade, while the western exposure above the Pedernales means you’ll enjoy unforgettable sunsets year-round. Several potential build sites have been identified, including a level area near the bluff with a commanding view of the river. Electric and fiber-optic lines are already in place. Other perks include a low 1.67% tax rate, no HOA, and location within highly acclaimed Lake Travis ISD. While the setting feels peaceful and remote, you’re just minutes from local favorites like Angel’s Icehouse and Poodie’s Hilltop Roadhouse for live music and local flavor, or Krause Springs for a dip in the natural spring pools. Local wineries, craft breweries, and shopping are also only minutes away. Downtown Austin is roughly 30 miles east, an easy drive when you want city energy without giving up Hill Country peace. From sunrise birdsong to sunsets over the Pedernales, this land captures everything people love about Hill Country living, space, nature, and the kind of view you never stop noticing. Buyer to verify all info.
Waterfront land at this scale is the defining advantage here, and TBD Pedernales Canyon pairs 10.01 acres with a position above the Pedernales River in Spicewood in Spicewood. At $1.45M, this is an unimproved land offering in Travis County that gives a buyer something increasingly difficult to find in the Hill Country: meaningful acreage, direct water orientation, and multiple ways to shape a homesite around topography rather than force a plan onto a flat lot. The property is also within Lake Travis ISD, with West Cypress Hills, Lake Travis Middle, and Lake Travis High serving the area, which matters for both daily use and long-term resale strength.
What stands out on the ground is the land itself. The terrain rolls gently before rising to a bluff, creating a natural separation between approach, build area, and the river corridor below. That kind of elevation change gives a future owner options. A level area near the bluff has already been identified as a potential build site with a strong vantage point over the river, and the western exposure sets up a direct sunset orientation that is hard to replicate once the best bluff lots are gone. Mature oaks, native plantings, and existing wildlife activity add privacy and shade without requiring years of landscaping work to create character.
The utility position also matters. Electric and fiber-optic lines are already in place, which reduces a common friction point for rural and semi-rural land purchases. The property currently carries an ag exemption with bee hives and previously supported bird habitat, and the site still reflects that ecological quality, with more than 30 species of songbirds reported on the land. For a buyer evaluating more than scenery, that combination of usable infrastructure, natural cover, and tax-conscious holding strategy makes the parcel more functional than a raw acreage tract with no established framework.
Days on market at 126 suggests this is not a commodity listing and should be evaluated that way. Land like this is about patience, vision, and site planning. The value case is in the mix of acreage, waterfront setting, bluff-top orientation, Lake Travis ISD, and the ability to place a custom home in a position that takes full advantage of the Pedernales corridor. For a buyer who wants to control the build, protect privacy, and own a piece of waterfront Hill Country that can hold relevance over time, this tract is positioned for exactly that.
The numbers behind this insight
- Offered at
- $1,400,000
- Listed
- November 10, 2025
- Price changes
- Reduced, down 3.4% from $1,450,000
- Property Type
- Land
- Lot Size
- 10.01 acres
Listing information last updated June 2, 2026.
Listed by Compass RE Texas, LLC
MLS# 3841545 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Agricultural
- Bluff
- Native Plants
- Private
- Trees-Heavy
- Trees-Large (Over 40 Ft)
- Views
- Lot Size
- 10.01 Acres
- River Front
Financial
- Original List Price
- $1,450,000
Utilities
- Electricity Available
- High Speed Internet
- Sewer
- Septic Needed
Transaction History
1 record on file
Every recorded listing, sale, and lease at TBD Pedernales Canyon, whoever represented it.
- ActiveListed 2025Current price: $1,400,000Original list: $1,450,000MLS 3841545
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
- $1,400,000
- Original list
- $1,450,000
- Price movement
- $50K reduction
- Listed / DOM
- Nov 10, 2025 · 340 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $445,791
- Assessment Year
- 2025
- Parcel ID
- 000000977864
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $445,791 | $445,791 | — |
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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.
20% ($280K)
Adjustable assumption - not a lending recommendation.
$1,400,000
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Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$1,400,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
340 days
Original to current
$50K 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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