312 Paleface Point offers a rare opportunity to own the entire Deerhaven subdivision—three parcels totaling approximately 10.87 acres in Spicewood—with Hill Country scenery, water views, and long-term flexibility. The offering includes a 5.75-acre homesite plus 2 additional parcels (approx. 2.49 and 2.63 acres), creating a unified tract with privacy, scale, and future potential. The property is used as a single homesite and taxed with a homestead exemption across the combined parcels. The 4-bedroom, 3.5-bath home features a flexible layout with 2 bedrooms on the main level and 2 upstairs, along with a dedicated office/flex space overlooking the pool and grounds. The kitchen opens to the living area and is equipped with granite countertops, stainless appliances, Thermador 5-burner propane cooktop, Thermador double ovens, and cherry cabinetry. The living space is anchored by a striking two-story stone fireplace, creating a natural gathering point within the home. The primary suite includes double vanities, walk-in closets, a garden tub, and a spa-inspired sealed steam shower with dual shower heads. Insulated, heated/cooled garage offers ideal space for workshop, hobbies, or studio use. Outdoor features include a pool with fountains, stand-alone hot tub, rooftop observation deck with panoramic Hill Country and Pedernales River views, a 20x20 outbuilding, additional storage and an arched metal roof. Utilities include a well with 2,500-gallon storage and booster pump, septic system, water softener, underground propane tank, and much of the gutterwork completed for a potential rainwater collection system. Located in Spicewood with a favorable tax rate of 1.54% and positioned in a high-growth corridor with practical access to Austin. Nearby amenities include Lake Travis access at Pace Bend Park and Muleshoe Bend, Grelle Recreation Area, and multiple golf options including Barton Creek Lakeside and Lakecliff, along with wineries, distilleries, and Hill Country recreation.
Active
Price cut: $80K (7/2)
$1,495,000
312 Paleface Point Dr, Spicewood, TX 78669
4beds
3,060sqft
Single Family Residence
Built in 2004
10.87 Acres Lot
$-- Zestimate®
$489/sqft
$-- HOA
What's special
Striking two-story stone fireplaceStand-alone hot tubStainless appliancesGranite countertopsFlexible layoutWater viewsHill country scenery
- 128 days
- 291
- 10
Zillow last checked:
Listing updated:
Listed by:
Alan Gabriel (512) 879-7638,
Keller Williams Realty (512) 448-4111,
Kathie Gabriel (512) 413-5119,
Keller Williams Realty
Source: Unlock MLS,MLS#: 8116473
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Office
- Level: Main
Heating
- Central, Fireplace(s), Propane
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal, Freezer, Microwave, Electric Oven, Double Oven, Propane Cooktop, Gas Water Heater, WaterSoftener
Features
- Ceiling Fan(s), High Ceilings, Granite Counters, Double Vanity, Electric Dryer Hookup, Entrance Foyer, Kitchen Island, Pantry, Study/Home Office, Walk-In Closet(s), Washer Hookup
- Flooring: Carpet, Tile
- Windows: Window Treatments
- Number of fireplaces: 1
- Fireplace features: Insert, Living Room, Propane
Interior area
- Total interior livable area: 3,060 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Attached, Door-Single, Garage, Garage Door Opener, Garage Faces Side, Gravel, Heated Garage, Kitchen Level
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: See Remarks
- Exterior features: Gutters Partial
- Has private pool: Yes
- Pool features: Gunite, In Ground
- Spa features: Above Ground, Hot Tub
- Fencing: Partial, Perimeter, Split Rail
- Has view: Yes
- View description: Hill Country, Lake, Panoramic, Pool, River, Water
- Has water view: Yes
- Water view: Lake,River,Water
- Waterfront features: None
Lot
- Size: 10.87 Acres
- Features: Back Yard, Level, Native Plants, Private, Many Trees, Views
Details
- Additional structures: Outbuilding, Storage
- Has additional parcels: Yes
- Parcel number: 772679, 772678, 772677
- Special conditions: Standard
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Above Ground, Electricity Connected, Other, Propane, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Deer Haven
HOA
- Has HOA: No
Location
- Region: Spicewood
Financial & listing details
- Price per square foot: $489/sqft
- Tax assessed value: $1,178,765
- Annual tax amount: $13,145
- Date on market: 4/30/2026
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $1,495,000-5.1%$489/sqft |
Source:  Unlock MLS #8116473 Report a problem | ||
| 4/30/2026 | Listed for sale | $1,575,000+186.7%$515/sqft |
Source: Unlock MLS #8116473 Report a problem | ||
| 8/21/2017 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 8/9/2017 | Price change | $549,421-14.1%$180/sqft |
Source: Coldwell Banker United, Realtors - Northwest Austin #3553921 Report a problem | ||
| 7/7/2017 | Price change | $639,421+16.4%$209/sqft |
Source: Coldwell Banker United, Realtors - Northwest Austin #3553921 Report a problem | ||
| 7/7/2017 | Pending sale | $549,421-14.1%$180/sqft |
Source: Coldwell Banker United, Realtors - Northwest Austin #3553921 Report a problem | ||
| 7/2/2017 | Price change | $639,421+16.4%$209/sqft |
Source: Coldwell Banker United, Realtors - Northwest Austin #3553921 Report a problem | ||
| 7/1/2017 | Price change | $549,421-3.4%$180/sqft |
Source: Coldwell Banker United, Realtors - Northwest Austin #3553921 Report a problem | ||
| 2/8/2017 | Listed for sale | $569,000$186/sqft |
Source: Coldwell Banker United, Realtors - Northwest Austin #3553921 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,797 +21.7% | $848,192 +11.8% |
| 2024 | $3,943 +29.5% | $758,457 +10% |
| 2023 | $3,044 +2.7% | $689,506 +13.2% |
| 2022 | $2,964 | $609,248 +10% |
| 2021 | -- | $553,862 +10% |
| 2020 | $2,909 +1.4% | $503,511 |
| 2019 | $2,869 +121.8% | $503,511 -2.8% |
| 2018 | $1,294 | $517,928 +92.5% |
| 2017 | $1,294 -17.3% | $268,986 -0.9% |
| 2016 | $1,564 | $271,418 -0.9% |
| 2015 | $1,564 | $273,849 -0.9% |
| 2014 | $1,564 | $276,280 -0.4% |
| 2013 | -- | $277,268 -0.9% |
| 2012 | -- | $279,657 -2.2% |
| 2011 | -- | $285,829 -2.5% |
| 2010 | -- | $293,065 -27.7% |
| 2009 | -- | $405,348 -11.5% |
| 2008 | -- | $457,848 +6.4% |
| 2007 | -- | $430,348 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78669
Nearby schools
Schools provided by the listing agent
- Elementary: Spicewood (Marble Falls ISD)
- Middle: Marble Falls
- High: Marble Falls
- District: Marble Falls ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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