312 Paleface Point presents a rare opportunity to own the entire Deerhaven subdivision—three parcels totaling approximately 10.87 acres—offering a level of space, control, and flexibility that is increasingly difficult to find in the Spicewood and Lake Travis area. Set within the Texas Hill Country near the Pedernales River, this property combines usable acreage, a well-appointed custom home, and a location surrounded by recreation and growth.

The main homesite spans 5.75 acres and features a 3,060 square foot residence with four bedrooms and three and a half baths, designed with a flexible layout that works well for a variety of living arrangements. Two bedrooms are located on the main level, with two additional bedrooms upstairs, including the primary suite. A dedicated office/flex space off the main living area overlooks the pool and surrounding grounds. The primary bath includes double vanities, separate walk-in closets, a garden tub, and a spa-inspired sealed steam shower featuring dual shower heads for an immersive experience.

The kitchen opens to the main living area and is outfitted with granite countertops, stainless steel appliances, a Thermador five-burner propane cooktop, Thermador double ovens, cherry cabinetry, and a center island. The living space is anchored by a striking two-story stone fireplace, creating a natural gathering point within the home. A large laundry/mud room with counter space and a sink adds functionality, while the garage has been improved with windows, insulation, plus heating and cooling, making it ideal for use as a workshop, hobby space, or studio.

Outdoor features are equally compelling. The pool with fountains and stand-alone hot tub create a private setting for relaxation, complemented by additional storage for pool equipment and recreational gear, along with a separate 20x20 outbuilding. The arched metal roof adds architectural character, while a rooftop observation deck captures panoramic Hill Country views and overlooks the Pedernales River that feeds into Lake Travis, nearby.

Two additional parcels—approximately 2.49 acres and 2.63 acres—are included in the offering, bringing the total to over 10 acres. Together, the property functions as a unified tract with room for horses, the addition of a barn or stables, or simply the ability to enjoy the natural setting with space to expand over time. The property is currently used as a single homesite and is taxed with a homestead exemption across the combined parcels.

Utilities and infrastructure are already in place, including a private well with 2,500 gallons of storage and a booster pump housed within a protected structure, a septic system, water softener, and an underground propane tank. Additionally, much of the gutter work has been completed for a potential rainwater collection system. All of this allows for immediate use without the uncertainty often associated with raw land.

Located in Spicewood, the property benefits from a favorable tax rate of approximately 1.549% and sits within an area that continues to see steady growth and demand. Nearby amenities include Lake Travis access points such as Pace Bend Park and Muleshoe Bend, offering boating, hiking, biking, and camping, along with the Grelle Recreation Area for equestrian trails and outdoor use. Several wineries, distilleries, and country club/golf options are within a 10 minute drive including Barton Creek Lakeside, Lakecliff, and Austin Golf Club.

With continued development in the broader corridor, the area is benefiting from ongoing investment that supports long-term desirability and overall market strength.

Properties offering this combination of acreage, improvements, flexibility, and location are extremely rare. 312 Paleface Point stands apart as a property that can be enjoyed immediately while still offering room to evolve, all within a “sweet spot’ that blends true Hill Country seclusion with practical access to Austin and nearby amenities, recreation, and outdoor activities.