Active Listing  ·  50 days on market

711 N Paleface Ranch Rd #5

Spicewood, TX 78669
$809,890
3 Bed 4 Bath 2,830 sqft $286/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Brahmans Draw

Welcome to Brahmans Draw by Keystone Homes, a premier new home community in the heart of Spicewood. This thoughtfully designed enclave offers modern luxury homes in the Texas Hill Country just minutes from Lake Travis, surrounded by 5 established golf courses, and Austin’s vibrant energy. Homes feature open floor plans with sophisticated finishes, soaring ceilings, and seamless indoor-outdoor living — perfect for everyday comfort and elevated entertaining. Set against a backdrop of wide-open skies and natural landscapes, Brahmans Draw offers more than just beautiful homes — it creates space to grow, gather, and unwind. With generous homesites, the privacy of a gated setting, and a welcoming sense of community, this is Hill Country living reimagined for today.

At $286/sqft, this home is 47% below the Spicewood active market average of $540/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

711 N Paleface Ranch Rd #5, Spicewood, TX 78669

Property Details

Price $809,890
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,830 sqft
Lot Size 0.12 acres (5,227.2 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Brahmans Draw
County Travis
Zip Code 78669
$/sqft $286/sqft
Days on Market ,
HOA $140/Monthly
Annual Tax Est. $5,200.45
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247454375
List Date September 23, 2026
Elementary School Marble Falls
Middle School Marble Falls
High School Marble Falls
School District Marble Falls ISD

Marble Falls ISD

Marble Falls · Marble Falls · Marble Falls

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 23, 2026 $809,990
Current ask $809,890
▼ Reduced $100 (-0.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
711 N Paleface Ranch Rd #4
Brahmans Draw
$789,990 $297 3 bd / 4 ba 2,660 sqft , 2026-08-09
1837 Art Adams Way
The Enclave at Barton Creek Lakeside
$833,999 $342 3 bd / 3 ba 2,439 sqft , 2026-02-02
126 County Road 420 Rd
Shady Creek Ranches
$680,000 $224 3 bd / 3 ba 3,029 sqft , 2026-04-16
711 N Paleface Ranch #9 Rd #9
Brahmans Draw
$589,990 $251 4 bd / 4 ba 2,349 sqft , 2026-10-22

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
$3,887/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
$161,978
20% conventional investment loan

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

Estimated Gross Rent+$3,887
Principal + Interest−$4,420
Property Tax (assumed ~2.1%)−$1,417
Insurance (assumed ~0.5%)−$337
Est. Monthly Cash Flow $-2,287

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 · 41 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. The written content was last updated on October 15, 2026.

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

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