Active Listing  ·  40 days on market

3114 Pace Bend Rd S

Spicewood, TX 78669
$1,540,000
5 Bed 4 Bath 3,451 sqft $446/sqft Built 1997 3.44 acres Pool Waterfront Paleface Park

Experience Hill Country living at its finest along the Pedernales River, where sweeping views, modern design, and resort-style outdoor living come together. This beautifully updated 5-bedroom, 3.5-bath home offers exceptional indoor-outdoor living on a spacious, gated lot framed by mature oak trees. A sparkling in-ground pool sits beside a generous cabana with a native stone fireplace, creating an inviting setting for relaxing and entertaining.

Inside, an open-concept floor plan seamlessly connects the sleek kitchen, dining area, and living room, while abundant windows fill the home with natural light and showcase breathtaking Hill Country and lake views from numerous rooms. The kitchen features crisp white European-style cabinetry, quartz countertops, and a large center island with breakfast bar, making it both stylish and functional. A deck off the living area extends the entertaining space and captures the spectacular scenery.

The main level offers a spacious primary suite plus an additional bedroom, while three more bedrooms are located upstairs. The primary suite is a serene retreat with a deep soaking tub and separate walk-in shower featuring a rainfall showerhead. All additional bathrooms have been thoughtfully remodeled with high-end finishes. Upstairs, a second living area and beautifully appointed rec room provide flexible space for gatherings, recreation, or relaxation, both enhanced by gorgeous views.

Delightfully designed with modern finishes and thoughtful upgrades throughout, the home also has great curb appeal with a covered porch accented by native stone planter beds, a distinctive stone façade, and durable metal roof. A spacious yard with mature oaks and a playscape offers room to enjoy the outdoors, while gated access adds privacy and convenience. Whether you're looking for a Hill Country retreat, or a lucrative STR opportunity, this Spicewood property offers all the possibilities of relaxed Texas Hill Country living.

At $446/sqft, this home is 16% below the Spicewood active market average of $534/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3114 Pace Bend Rd S, Spicewood, TX 78669

Property Details

Price $1,540,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,451 sqft
Lot Size 3.44 acres (149,846.4 sqft)
Year Built 1997
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Paleface Park
County Travis
Zip Code 78669
$/sqft $446/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $20,224.62
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT246776692
List Date September 14, 2026
Elementary School Bee Cave
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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Similar Homes on the Market in Spicewood

Comparable Listings Right Now

Homes currently for sale in Spicewood with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
23801 Oscar Rd
Paleface Ranch Sec 03
$1,600,000 $665 4 bd / 3 ba 2,406 sqft , 2026-10-17
1805 Performer Rd
Paleface Ranch Sec 01
$1,749,000 $413 4 bd / 4 ba 4,236 sqft , 2026-04-24
23802 Oscar Rd
Paleface Ranch
$1,250,000 $316 5 bd / 5 ba 3,954 sqft , 2026-10-12
2203 Improver Rd
Paleface Ranch Sec 01
$1,875,000 $515 5 bd / 4 ba 3,641 sqft , 2026-07-01

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

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
$7,392/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
$308,000
20% conventional investment loan

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

Estimated Gross Rent+$7,392
Principal + Interest−$8,404
Property Tax (~2.1% TX avg)−$2,695
Insurance (~0.5%)−$642
Est. Monthly Cash Flow $-4,349

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 18, 2026.

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