
$1,950,000
1223 Paleface Ranch RD, Spicewood, TX, 78669
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About this property
Located just 45 minutes from downtown Austin, 20 minutes from Hill Country Galleria/Bee Cave, and 30 minutes from Horseshoe Bay Resort and Marble Falls - home to a 6,000 ft airstrip - this property offers a private Hill Country setting with convenient access to Austin's vibrant amenities. *Multiple acreage options available to fit your unique vision. The gated approximately 22-acre property sits next to the prestigious Austin Golf Club and enjoys a prime location adjacent to Thomas Ranch - a thoughtfully planned high-end community featuring premium retailers, dining, cultural experiences, and commercial spaces, and Loraloma - an Areté Collective development celebrated for its world-class design, sustainability, and lifestyle-driven amenities. This exceptional area is also home to renowned vineyards, Lake Travis, the upcoming Canyon Ranch luxury spa resort, and Travis Club, Austin's Newest lake community. Located less than a mile from Highway 71, the property combines a secluded, natural feel with easy access to some of Central Texas's most exciting current and future destinations. The land is level, usable, buildable, and entirely out of the floodplain. Acreage options include: Ranch Home and Venue on approximately 30 acres, Ranch Home and Venue on approximately 10 acres, 22 acres with land only, or the entire 104-acre estate. See Agent for more details.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Spicewood
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