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.
Listed By
Agency Name: HALLMARK LUXURY REAL ESTATE
Agency Contact: (512) 750-9737
Shown By
Agent Name: Megan Jarrard Bradshaw
Agent Phone: (512) 608-2882
Agency Title: Realty Capital City
Estimated Payment
$ 4,487.54 per month $3,104.67 Principal & Interest $976.00 Property Tax $406.88 Homeowner's Insurance
11151 State Highway 71 | MLS# 9247371
This home located at 11151 State Highway 71, Spicewood, TX 78669 is currently listed for sale with an asking price of $1,395,000. This property was built in 1984 and has 5 bedrooms and 5 full baths with 4605 sq. ft. State Highway 71 is located in the A1868 - (SMFA) SOUTH OF MF ACREAGE subdivision within the Marble Falls ISD school district. Search A1868 - (SMFA) SOUTH OF MF ACREAGE real estate on mjarrardbradshaw.rmcapitalcity.com today.