Discover a rare opportunity to own a multi-generational gentlemen’s ranch and thriving investment property on 10 acres of unrestricted Texas Hill Country land. Currently operating as a short-term rental and event venue, this estate is equally suited as a private family compound or income-generating retreat. Behind the gated entrance, three distinct residences create endless versatility for hosting, entertaining, or private living. Together, they offer 7 bedrooms, 6 full baths, multiple kitchens and dining areas, and expansive gathering spaces. The Main Ranch House blends Hill Country charm with modern comfort, featuring 4 main-level bedrooms (including 2 suites), a loft, and 3 bathrooms. A two-story Guest House provides a separate kitchenette, dining area, and upstairs suite with bedroom, bath, and sitting area. The third residence serves as an entertainment lodge, complete with a two-room game house and bar on the main level and a full upstairs suite with kitchen, dining, and living space. Outdoors, enjoy resort-style amenities including a heated pool with cascading water features, a gazebo, fenced garden, and ample outdoor living areas framed by rolling terrain and panoramic Hill Country views. Additional outbuildings provide storage, workshop space, and flexible utility. With proven income from Airbnb/VRBO and event rentals, plus no HOA or deed restrictions, this property stands out as both a legacy estate and a premier investment in the heart of Lake Travis ISD. Just minutes from Highway 71 and an easy drive to Austin, it’s a one-of-a-kind lifestyle opportunity in Spicewood.
Single-familyProperty Type
2001Year Built
10 acresLot Size
$403Price/Sq.Ft.
10 spacesParking
Listed by Megan Mrazek• Keller Williams - Lake Travis
Listed by Alice Duffy• Keller Williams - Lake Travis
Spicewood, located between Lake Travis and the Pedernales River, is a Hill Country and lakeside Marble Falls neighborhood with winding ranch roads and limestone bluffs. The neighborhood’s character concentrates around the Spur 191 and TX-71 junction, where roadside barbecue, a general-store feel, and live-music patios set the pace. Community pillars include Opie’s Barbecue, Spicewood Vineyards, and Krause Springs. Architecture leans to ranch-style homes, modern Hill Country builds, and lake-area retreats with big porches and metal roofs. Days revolve around water access, scenic drives, and trail time in the Balcones Canyonlands. Evenings track toward tasting rooms and low-key outdoor gathering spots.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Breakfast bar
Ceiling fans
Chandelier
Separate/formal dining room
Double vanity
Entrance foyer
Eat-in kitchen
Granite counters
High ceilings
In-law floorplan
Interior steps
Kitchen island
Multiple living areas
Multiple dining areas
Main level primary suite
Multiple primary suites
Multiple closets
Open floorplan
Pantry
Recessed lighting
Storage
Blinds and other window coverings
Has fireplace in the living room
Bedrooms
Four main-level bedrooms
Bathrooms
Five full bathrooms
One half bathroom
Double vanities
Kitchen
Built-in oven
Gas cooktop
Gas oven
Microwave
Dishwasher
Disposal
Water purifier (owned)
Stainless steel appliances
Kitchen island
Granite countertops
Vented exhaust fan
Eat-in kitchen and breakfast bar
Laundry & utility
Main level laundry room
Washer hookup
Electric dryer hookup
Tankless water heater
Flooring
Carpet
Tile
Wood
Heating & cooling
Central heating
Central air conditioning
Energy-efficient HVAC
Exterior features
Private, landscaped grounds with large and medium trees
Rolling slope and views
Automatic sprinklers
Garden and exterior lighting
Exterior steps
Rear covered porch, front porch and additional patios
Patio and porch areas
Private yard
Guest house / second residence with living quarters
Shed(s), storage and workshop
Fenced with wood, livestock-capable fencing, gate and barbed wire
Home design
Two-story property
Northwest-facing
Resale condition
Slab foundation
Parking
Detached garage with workshop space
Additional parking (total of 10 parking spaces)
Security
Gated fencing
Construction
HardiPlank exterior
Metal roof
Year built reported by owner
Utilities
Electricity connected
Propane available
Well water
Septic tank
Solar panels with photovoltaic power production
Pool and spa
Gunite in-ground outdoor pool with waterfall — heated
Spa / hot tub (above ground)
Other
Energy-efficient appliances and solar generation
Electricity and solar
View estimated energy costs and solar savings for this home