Active Listing  ·  7 days on market

23801 Oscar Rd

Spicewood, TX 78669
$1,600,000
4 Bed 3 Bath 2,406 sqft $665/sqft Built 2022 10.92 acres 2-Car Garage Pool Waterfront Paleface Ranch Sec 03

Welcome to an 11-Acre Architectural Masterpiece: Your Private Spicewood Sanctuary. Experience a rare class of Texas Hill Country living with this exceptional 11-acre gated estate located in the highly coveted Paleface Ranch community. Offering an unmatched blend of high-end architectural craftsmanship and true rugged freedom, this property features a custom-built, 2,406-square-foot home that serves as a private, self-contained sanctuary blending modern luxury with complete Hill Country seclusion. Built with meticulous attention to detail, the home is a masterclass in organic, premium materials. Further elevating the property's self-contained design is a cutting-edge, sustainable power system featuring 40 commercial-grade solar panels, providing incredible energy efficiency and long-term utility savings. The residence also showcases exquisite, structural Douglas fir wood detailing inside and out that bring a warm, lodge-like sophistication to the modern design. Flooded with natural light, the home is wrapped in elite top-tier Marvin windows and doors engineered perfectly to frame the panoramic Hill Country views while offering superior energy efficiency and seamless indoor-outdoor flow. What truly elevates this property above all others in the area is the sheer scale of its private, rolling wildlife habitat. Encompassing nearly 11 pristine acres entirely to yourself, this expansive acreage offers an unmatched sense of seclusion and natural beauty that is incredibly rare to find in today's market. Situated off Highway 71 in Spicewood, 23801 Oscar Rd offers total rural isolation and sporting freedom without sacrificing luxury or convenience. You are minutes from Lake Travis boat launches, renowned golf courses, and local wineries, all while remaining within the top-tier Lake Travis ISD boundaries and a direct drive into Austin. Please see attachments for full list of upgrades

At $665/sqft, this home is priced 25% above the Spicewood active market average of $534/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

23801 Oscar Rd, Spicewood, TX 78669

Property Details

Price $1,600,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,406 sqft
Lot Size 10.92 acres (475,675.2 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paleface Ranch Sec 03
County Travis
Zip Code 78669
$/sqft $665/sqft
Days on Market ,
HOA $800/Annually
Annual Tax Est. $16,856.94
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT250171420
List Date October 17, 2026
Elementary School West Cypress Hills
Middle School Lake Travis
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Spicewood and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$7,680/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$320,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$7,680
Principal + Interest−$8,732
Property Tax (~2.1% TX avg)−$2,800
Insurance (~0.5%)−$667
Est. Monthly Cash Flow $-4,519

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Spicewood, TX

Spicewood sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 22, 2026.

📞 (254) 718-2567 [email protected] More about Luke →