Active Listing  ·  13 days on market

100 & 200 CONTRAILS Way

Spicewood, TX 78669
$1,100,000
8.24 acres Waterfront Pilots Landing

ABSOLUTELY BREATHTAKING! 8.24 ACRES OF LAKE TRAVIS WATERFRONT PARADISE! Spectacular panoramic lake and Hill Country views, two expansive waterfront lots, a picturesque grotto, seasonal waterfall, private marina access, and incredible privacy—all within an exclusive gated community of just eight homesites! This extraordinary property is a rare opportunity to own a truly spectacular piece of the Texas Hill Country!

Located in the heart of Spicewood within the boutique gated community of Pilot's Landing, this remarkable 8.24-acre property offers the perfect combination of natural beauty, privacy, and lakefront living. Residents enjoy access to Lake Travis via a private tram leading to the community marina.

The views are simply STUNNING! Cleared and leveled to the bluff, this exceptional building site showcases miles of breathtaking panoramic views of Lake Travis and the surrounding Texas Hill Country. Magnificent trees, abundant wildlife, a picturesque grotto, and a seasonal waterfall create an unforgettable setting unlike anything else!

Featuring two expansive adjacent waterfront lots that can be purchased together or separately, this property offers incredible flexibility to create your dream Hill Country estate. Bring your own builder and design a home that takes full advantage of the spectacular surroundings!

Conveniently located just five minutes from Spicewood Airport, this property is ideal for aviation enthusiasts. Golf lovers will appreciate several nearby courses, while wineries, breweries, restaurants, and entertainment are all just minutes away.

Who says you can't have it all? Breathtaking views, Lake Travis access, extraordinary natural beauty, exceptional privacy, and an exclusive gated setting. Opportunities like this are few and far between!

Come experience this extraordinary Lake Travis paradise for yourself. Pictures simply cannot capture the beauty of this one-of-a-kind property!

Location

100 & 200 CONTRAILS Way, Spicewood, TX 78669

Property Details

Price $1,100,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 8.24 acres (358,934.4 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · Multiple Lots (Adjacent)
Subdivision Pilots Landing
County Burnet
Zip Code 78669
$/sqft ,
Days on Market ,
HOA $600/Annually
Annual Tax Est. $10,291.46
Pool ,
Waterfront Yes
New Construction ,
MLS # ACT249517379
List Date October 11, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
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
$5,280/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
$220,000
20% conventional investment loan

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

Estimated Gross Rent+$5,280
Principal + Interest−$6,003
Property Tax (~2.1% TX avg)−$1,925
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,106

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 11, 2026.

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