Austin Area MLS Listings

11151 State Highway 71, Spicewood, TX 78669 (MLS # 9247371)

Price $1,395,000
Status Active
Beds 5
Baths 5 Baths
Home size 4,605 sqft
Lot Size 2.50 ac
Privately gated and fully fenced, this exceptional Hill Country estate presents a rare opportunity to own a three-residence compound in the heart of Spicewood. Situated on 2.5 serene acres, the property offers panoramic Hill Country views, complete privacy, and remarkable flexibility, making it ideal for a family compound, multigenerational living, live-work estate, equestrian retreat, or strategic investment. Designed for privacy, the property features three distinct residences, each with its own layout and outdoor space designed to capture the surrounding natural beauty. A long private drive provides ample parking, plus a two-car garage and detached carport. Mixed zoning allows residential and commercial use, a rare find in this desirable Hill Country location. Horses are allowed, and the property benefits from a very low tax rate with no HOA. All three residences were rebuilt from the studs in 2025, blending high-end finishes with a refined modern farmhouse aesthetic. Kitchens feature quartz countertops, custom cabinetry, and new appliances, while updates include luxury vinyl plank flooring, energy-efficient windows, upgraded insulation, and new HVAC systems. The first residence offers 1,784 SF with 2 bedrooms, 2 baths, and a flexible office or dining space with a private deck overlooking a courtyard. The middle residence offers 1,440 SF with 2 bedrooms, 2 baths, an office, and a private courtyard and deck. The third residence, above the garage, offers 1,381 SF with elevated Hill Country views, open living areas, and a spacious bedroom and bath. Conveniently located just off Highway 71 with easy access to Bee Cave, Marble Falls, and Lake Travis, this one-of-a-kind property offers a rare combination of acreage, mixed zoning, income potential, and Hill Country lifestyle in one exceptional setting. No restrictions and short-term rentals allowed, including Airbnb and VRBO.
Property Type(s): Single Family
Last Updated 3/14/2026 Tract A1868 - (SMFA) SOUTH OF MF ACREAGE
Year Built 1984 Community A1868 - (SMFA) SOUTH OF MF ACREAGE
Garage Spaces 2.0 County Burnet

SCHOOLS

Elementary School Spicewood (Marble Falls ISD)
Jr. High School Marble Falls
High School Marble Falls

Additional Details

AIR Ceiling Fan(s), Central Air, Electric, Zoned
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Electric Range, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer, Washer/Dryer, Washer/Dryer Stacked, Water Softener
AREA LW
CONSTRUCTION HardiPlank Type, Stone
GARAGE Yes
HEAT Central, Electric, Hot Water, Propane
INTERIOR Breakfast Bar, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Kitchen Island, Master Downstairs, Open Floorplan, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
LOT 2.5 acre(s)
LOT DESCRIPTION Back Yard, Front Yard, Greenbelt, Landscaped, Many Trees, Views
LOT DIMENSIONS 300 x 377
PARKING Additional Parking, Assigned, Carport, Common, Covered, Detached Carport, Driveway, Electric Gate, Garage, Garage Faces Front, Gated, Private, Shared Driveway, Varies by Unit
POOL DESCRIPTION None
SEWER Septic Tank
STORIES 2
STYLE 1st Floor Entry, End Unit, Middle Unit, Multi-level Floor Plan, See Remarks
SUBDIVISION A1868 - (SMFA) SOUTH OF MF ACREAGE
TAXES 11712
UTILITIES Electricity Available, Electricity Connected, Propane, Water Available
VIEW Yes
VIEW DESCRIPTION Panoramic, Park/Greenbelt, Trees/Woods
WATER Private, Well

Location

 

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Property listed by Stacy Hallmark, HALLMARK LUXURY REAL ESTATE
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 3/15/26 8:11 AM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This IDX solution is (c) Diverse Solutions 2026.

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