Improved Mixed-Use Land for Sale in Spicewood, Texas

Privately gated and fully fenced, this rare 2.5-acre Hill Country compound in Spicewood offers three rebuilt units with mixed-use flexibility. Ideal for owner-users, live/work, short-term rental income, boutique office, or investment, the property combines privacy, panoramic views, and strong income potential. Each unit features its own layout and outdoor space, with high-end modern farmhouse finishes including quartz countertops, custom cabinetry, new appliances, luxury vinyl plank flooring, energy-efficient windows, upgraded insulation, and new HVAC systems. Rebuilt from the studs in 2025, the property is turnkey and designed for versatility. The main residence offers approximately 1,784 SF with flexible living or office space and a private deck overlooking the courtyard. The second unit spans approximately 1,440 SF with additional workspace potential and private outdoor areas. The third unit, approximately 1,381 SF above the garage, captures elevated Hill Country views with open-concept flexibility. A long private drive provides ample parking, along with a two-car garage and detached carport. Mixed zoning allows both residential and commercial use, creating a rare opportunity for multiple income streams. Conveniently located just off Highway 71 with easy access to Bee Cave, Marble Falls, and Lake Travis. No HOA, low tax rate, and short-term rentals allowed, including Airbnb and VRBO. A rare blend of lifestyle, flexibility, and income potential in one of the Hill Country's most desirable settings.