Perched on approximately 4.5 private acres atop a high bluff with 400 feet of waterfront on the Pedernales River arm of Lake Travis, this award-winning custom home is a rare expression of architecture, landscape, and sustainability. Designed in 1998 by Kevin Alter and David Heymann, the residence received the AIA Austin Honor Award and was featured in Texas Architect magazine. The home is organized into north and south wings connected by a dramatic 96-foot covered deck facing west—ideal for cool morning breakfasts, Hill Country sunsets, and near-constant breezes. Floor-to-ceiling windows, clerestory ventilation, fully insulated 6” exterior walls, and ceiling fans throughout support a thoughtfully engineered, energy-efficient design that encourages natural cross-ventilation and minimal HVAC use. The north wing offers an open living, dining, and kitchen space with granite counters, custom cabinetry, limestone fireplace, and expansive glazing for abundant natural light. The primary suite features granite finishes and a large walk-in shower. The south wing includes three bedrooms, a full bath, laundry, and a two-car garage, separated by a breezeway that channels prevailing southerly winds. Notable upgrades include solar panels (2020), rainwater collection providing the sole water source since 2010, two new Trane HVAC systems (2024), updated septic pump, and a private dock with boat slip. Cat5 ethernet outlets throughout support modern connectivity and home automation. This is a distinctive, architecturally significant waterfront retreat offering privacy, sustainability, and timeless design—ready for its next steward.
Active
$1,450,000
23705 Old Ferry Rd Unit 15, Spicewood, TX 78669
4beds
2,837sqft
Single Family Residence
Built in 1998
4.55 Acres Lot
$-- Zestimate®
$511/sqft
$-- HOA
What's special
Limestone fireplaceFloor-to-ceiling windowsTwo-car garageGranite countersThree bedroomsCeiling fans throughoutLarge walk-in shower
- 133 days |
- 156 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Chad Mahagan (512) 480-0848,
Moreland Properties (512) 480-0848,
Leslie Spencer (512) 964-5708,
Moreland Properties
Source: Unlock MLS,MLS#: 8959253
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Features: Ceiling Fan(s), Sitting/Study Room, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s)
- Level: Main
Primary bathroom
- Features: Granite Counters, Double Vanity, Walk-in Shower
- Level: Main
Kitchen
- Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, Eat-in Kitchen, Recessed Lighting
- Level: Main
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Built-In Gas Range, Built-In Oven(s), Dishwasher, RNGHD
Features
- Breakfast Bar, High Ceilings, Granite Counters, Primary Bedroom on Main, Study/Home Office, Walk-In Closet(s)
- Flooring: Carpet, Stone, Wood
- Windows: Blinds, Double Pane Windows, Screens
- Number of fireplaces: 1
- Fireplace features: Family Room, Stone, Wood Burning
Interior area
- Total interior livable area: 2,837 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Door-Single, Garage, Garage Door Opener
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Rear Porch
- Exterior features: Boat Dock - Private, Boat Slip, Uncovered Courtyard, Gutters Full
- Pool features: None
- Fencing: Partial, Wire
- Has view: Yes
- View description: Hill Country, River, Trees/Woods, Water
- Has water view: Yes
- Water view: River,Water
- Waterfront features: River Front, Waterfront
- Body of water: Pedernales River
Lot
- Size: 4.55 Acres
- Features: Rock Outcropping, Many Trees, Views
Details
- Additional structures: Garage(s), Guest House
- Parcel number: 05600701060000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Septic Tank
- Water: See Remarks
- Utilities for property: Electricity Connected, Propane, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Milam Ranch
HOA
- Has HOA: No
Location
- Region: Spicewood
Financial & listing details
- Price per square foot: $511/sqft
- Tax assessed value: $2,232,370
- Annual tax amount: $25,430
- Date on market: 2/13/2026
- Listing terms: Cash,Conventional,VA Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Listed for sale | $1,450,000$511/sqft |
Source:  Unlock MLS #8959253 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,789 +0.8% | $1,492,312 +10% |
| 2024 | $9,711 +10.8% | $1,356,647 +10% |
| 2023 | $8,764 -24.8% | $1,233,315 +10% |
| 2022 | $11,654 | $1,121,195 +10% |
| 2021 | -- | $1,019,268 +10% |
| 2020 | $11,596 +4.9% | $926,607 -8.1% |
| 2019 | $11,052 +14.8% | $1,007,988 +31.6% |
| 2018 | $9,624 | $765,791 +10% |
| 2017 | $9,624 -3.6% | $696,174 +0.2% |
| 2016 | $9,984 | $694,805 +10% |
| 2015 | $9,984 | $631,641 -0.5% |
| 2014 | $9,984 | $634,986 -23.9% |
| 2013 | -- | $834,267 +2.5% |
| 2011 | -- | $813,848 -0.5% |
| 2010 | -- | $817,540 -0.5% |
| 2009 | -- | $821,238 +4.5% |
| 2008 | -- | $786,063 +10% |
| 2007 | -- | $714,603 +65.1% |
| 2006 | -- | $432,821 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 78669
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 8/10West Cypress Hills Elementary SchoolGrades: PK-5Distance: 4.7 mi
- 10/10Lake Travis Middle SchoolGrades: 6-8Distance: 6.1 mi
- 8/10Lake Travis High SchoolGrades: 9-12Distance: 8.9 mi
Schools provided by the listing agent
- Elementary: West Cypress Hills
- Middle: Lake Travis
- High: Lake Travis
- District: Lake Travis ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Travis County
- Spicewood
- 78669
- 23705 Old Ferry Rd Unit 15
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