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$15,000,000
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Property Description
Private 24-Acre Riverfront Estate with Development Potential on the Pedernales River - This exceptional 24-acre property offers an extraordinary opportunity for both developers and families seeking a serene, private compound. Nestled along the scenic Pedernales River, the estate is comprised of 12 subdivided lots, providing flexibility for future development or a legacy retreat shared among family and friends. At the heart of the property lies a spacious main residence, complemented by two fully equipped guest houses, ideal for hosting extended family or accommodating short-term rentals. Property Highlights: 24 acres with ample open space, mature trees, and native landscaping Over 12 legal lots - suitable for future subdivision or custom home builds Expansive waterfront with gently sloping terrain for easy river access Two private boat docks, perfect for boating, kayaking, and swimming Main house + 2 guest homes - move-in ready or income-producing Peaceful, secluded setting with the convenience of nearby amenities Whether you're a visionary developer or someone seeking to build a multigenerational riverside retreat, this property offers the rare combination of space, access, and potential in one of Texas Hill Country's most desirable locations.
Full Property Details
Full Property Details for 123 Vicinity Trail
General
- Price: $15,000,000
- HOA FEE: $6/month
- HOA FEE FREQ.: Annually
- Taxes: $16,962 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3136269
- Updated: 8/20/2025
- Added to Site: 166 day(s) ago
Interior
- Interior Features: High Ceilings, Main Level Primary, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Wood Burning
- Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Oven, Water Softener Owned, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 1
Other Rooms
- Laundry: Main Level
Additional Information
- Shared Amenities: None
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Covered, Deck, Wrap Around
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Total Spaces: 10
- Parking Features: Detached, Garage Faces Front, Open, RV Garage
Location
- Area: LS
- County: Travis
- Subdivision: Pedernales 02
- Driving Directions: To reach 123 Vicinity Trail in Spicewood, Texas, from downtown Austin, follow these directions: 1. **Start on TX-1 Loop (Mopac Expressway) South** Head south on Mopac Expressway from downtown Austin. 2. **Merge onto US-290 West** Take the exit for US-290 West toward Johnson City. 3. **Continue onto TX-71 West** US-290 will merge with TX-71; continue west on TX-71. 4. **Turn right onto Pace Bend Road South (FM 2322)** After passing through the town of Spicewood, turn right onto Pace Bend Road South. 5. **Turn left onto Old Ferry Road** Drive approximately 2.4 miles on Pace Bend Road, then turn left onto Old Ferry Road. 6. **Proceed to the end of Old Ferry Road** Continue for about 2.3 miles until Old Ferry Road ends. 7. **Turn right at the dead end** At the end of Old Ferry Road, turn right. 8. **Arrive at 123 Vicinity Trail** The property will be on your right shortly after the turn. The total drive is approximately 35 miles and typically takes around 50 minutes, depending on traffic c
- Direction Faces: West
School Information
- Elem School District: Lake Travis ISD
- Midd School District: Lake Travis ISD
- High School District: Lake Travis ISD
- Elementary School: West Cypress Hills
- Middle School: Lake Travis
- High School: Lake Travis
Community
- Association: Yes
- Assoc. Name: Pedernales Bend
- Assoc. Fees Include: See Remarks
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Shared Septic
- Water: Well
- Well: Yes
- Utility Description: Above Ground Utilities, Electricity Connected, Propane, Underground Utilities
Structural Information
- Detached/Attached: Detached
- Construction: Masonry, Stone Veneer
- Roof: Metal
- Windows: Window Treatments
- Stories/Levels: 2
- Square Feet: 2,376
- Sq. Ft. Source: Public Records
- Living Area: 2,376 Sq. Ft.
- Year Built: 2017
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Guest House, Workshop
Lot Features
- Property View: Lake, Trees/Woods
- Lot Size (Acres): 24
- Lot Size (Sq. Ft.): 1,045,440
- Fence: Yes
- Lot Features: Moderate Trees, Rolling Slope, Trees Large Size, Trees Medium Size
- Fencing (Description): Partial
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: See Remarks
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Travis
- Water Front Desc.: Waterfront
Financial Considerations
- Association Fee: $75
- Assoc Fee Freq.: Annually
- Assessment Amount: $843,381
- Tax Amount: $16,962.22
- Tax Year: 2025
- Terms: Cash, Conventional, Owner May Carry
Disclosures and Reports
- Special Conditions: Standard
- Multiple Parcels: Yes
- Legal Description: LOT 7 PEDERNALES SUBD NO 2
- Disclosures/Reports: Seller Disclosure
- Property ID: 5640902220000
- Lot Number: 7
Listed by ListingSpark
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Schools
Schools serving 123 Vicinity Trail
School District:Lake Travis Independent School District
| Name | Grades | Distance |
|---|---|---|
West Cypress Hills Elementary School 6112 Cypress Ranch Boulevard, Spicewood, TX 78669 | K-5 | 5.6 mi |
Lake Travis Middle School 4932 Bee Creek Road, Spicewood, TX 78669 | 6-8 | 7.3 mi |
Lake Travis High School 3324 Ranch Road 620 South, Austin, TX 78738 | 9-12 | 10.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 Vicinity Trail
Date
Details
Price
Change
Source
8/05/2025
Listed
$15,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 123 Vicinity Trail
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,135
—
$1,012,057
20%
2024
$14,135
-47%
$843,381
-47%
2022
$26,705
—
$1,606,336
7%
2022
$26,705
118%
$1,498,600
131%
2021
$12,240
12%
$649,600
19%
2020
$10,932
-4%
$547,000
-2%
2020
$11,440
5%
$555,900
30%
2019
$10,935
178%
$426,046
115%
2017
$3,939
-1%
$198,583
—
2017
$3,975
5%
$198,583
7%
2015
$3,800
-2%
$186,100
—
2014
$3,889
-37%
$186,100
-36%
2013
$6,191
—
$290,555
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 Vicinity Trail
123 Vicinity Trail, Spicewood, TX 78669 (MLS# 3136269) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 123 Vicinity Trail is currently listed for $15,000,000 and was received on August 05, 2025. Want to learn more about 123 Vicinity Trail? Do you have questions about finding other Single Family real estate for sale in Spicewood? You can browse all Spicewood real estate or contact a Coldwell Banker agent to request more information.
