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Property Description
Exceptional waterfront homesite in Fall Creek Estates offering beautiful views of the Pedernales River and surrounding Texas Hill Country. This well-shaped lot features Pedernales River frontage along with a desirable, buildable homesite-an increasingly rare combination in the Spicewood area. The property's elevated setting provides impressive long-range views while maintaining direct frontage along the river below. Mature trees and natural Hill Country terrain create a beautiful setting for a custom home, weekend retreat, or full-time residence. Enjoy privacy, water access, and classic Hill Country scenery while remaining convenient to Bee Cave, Lakeway, and the greater Austin area. A unique opportunity to build your vision on one of the area's special waterfront properties.
Full Property Details
Full Property Details for MLS# 7432438
General
- Price: $1,000,000
- HOA FEE: $100/month
- HOA FEE FREQ.: Annually
- Taxes: $6,474 (2026)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 7432438
- Updated: 10/7/2026
- Added to Site: 6 day(s) ago
Additional Information
- Shared Amenities: Barbecue, Community Mailbox, Fishing, Gated, Park
Location
- Area: LW
- County: Travis
- Subdivision: Paleface Homesteads
- Driving Directions: From Bee Cave, Take Hwy 71 West, then turn onto Fall Creek Estates Drive. Follow Fall Creek Estates Drive to 3224 Fall Creek Estates Dr. Property will be on the right at the end of the culdesac.
School Information
- Elem School District: Marble Falls ISD
- Midd School District: Marble Falls ISD
- High School District: Marble Falls ISD
- Elementary School: Spicewood (Marble Falls ISD)
- Middle School: Marble Falls
- High School: Marble Falls
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Estate Above Fall Creek
- Assoc. Fees Include: Common Area Maintenance
Utilities
- Sewer: Septic Needed
- Water: Well
- Well: Yes
- Cable Available: Yes
- Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: None
Lot Features
- Property View: Hills, River
- Lot Size (Acres): 6.175
- Lot Size (Sq. Ft.): 268,983
- Lot Features: Bluff, Cul-De-Sac, Moderate Trees
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Pedernales River
- Water Front Desc.: River Front, Waterfront
Financial Considerations
- Association Fee: $1,200
- Assoc Fee Freq.: Annually
- Assessment Amount: $417,739
- Tax Amount: $6,474.47
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Legal Description: LOT 20 PALEFACE HOMESTEADS RESUB OF LOTS 8&9
- Disclosures/Reports: See Remarks
- Property ID: 5541701010000
- Lot Number: 20
Listed by Atxpg
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Schools
Schools serving MLS# 7432438
School District:Marble Falls Independent School District
| Name | Grades | Distance |
|---|---|---|
Spicewood Elementary School, Spicewood, TX 1005 Spur 191, Spicewood, TX 78669 | PK-5 | 5.3 mi |
Marble Falls Middle School 1511 Pony Drive, Marble Falls, TX 78654 | 6-8 | 16 mi |
Marble Falls High School 2101 Mustang Drive, Marble Falls, TX 78654 | 9-12 | 15 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# 7432438
Date
Details
Price
Change
Source
10/07/2026
Listed
$1,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 7432438
MLS# 7432438, Spicewood, TX 78669 (MLS# 7432438) is a Lots/Land property with a lot size of 6.175 acres. MLS# 7432438 is currently listed for $1,000,000 and was received on October 07, 2026. Want to learn more about MLS# 7432438? Do you have questions about finding other Lots/Land real estate for sale in Spicewood? You can browse all Spicewood real estate or contact a Coldwell Banker agent to request more information.

