Spicewood·Spicewood, TX 78669
Updated July 27, 2026
Spicewood, TX 78669

Living in Spicewood.

Spicewood spreads across Hill Country acreage on the south shore of Lake Travis, roughly 35 miles west of Austin.

Median Sale Price
$850K
↑ +0.2% YoY
Median List Price
$899K
↑ +5.8% YoY
Typical Home Value
$712K
↑ +0.8% YoY
Days on Market
82 days
Jun 2026
— Market Snapshot · Updated Monthly

Spicewood Real Estate Market — July 2026

ZIP 78669 logged 292 sales over the trailing twelve months at a median sale price of about $850,000, with a median of roughly 82 days on market through June 2026. Median list price rose about 5.8% year over year while median sold price was essentially flat, up 0.24%. Observed prices span $89,900 to $15,950,000, so a handful of lakefront and estate transactions can move the medians in either direction.

Median Sale Price
$850K
↑ +0.2% YoY
Median List Price
$899K
↑ +5.8% YoY
Typical Home Value
$712K
↑ +0.8% YoY
Days on Market
82 days
Jun 2026
Sales, 12 Months
292
12 mo
Price-Cut Share
~35%
of listings
— Where the inventory sits
Under $500K25%
$500K–$850K25%
$850K–$1.5M25%
$1.5M–$3M15%
Over $3M10%
— Data & sources

Figures are ZIP-level (78669), not neighborhood-level: Spicewood is an unincorporated community with thin monthly transaction counts, and a few large lakefront or estate closings can swing the medians several percent in a single period. Sale price, list price, sales count, and price range from RealtyTrac 78669 market trends. Typical home value, median days on market, and price-reduced share from PropertyIQ, data through June 2026. Metrics shown with 0% change had no year-over-year comparison published at the source. No banded price-distribution source exists for this ZIP, so the distribution below is approximated from the observed $89,900 to $15,950,000 range around the roughly $850K median and should be read as an estimate.

As of July 27, 2026 · realtytrac.com · propertyiq.app
— Latest Market Report

Spicewood Market Report: Buyers Have Time in 78669

ZIP 78669 logged 292 sales over the past year at a median near $850,000, with listings sitting about 82 days. Asking prices are up roughly 5.8% year over year while sold prices are flat, and about a third of listings have taken a price cut.

Asks up, closings flat

Median list price rose about 5.8% year over year to roughly $899,000 while median sold price moved just 0.24%, to about $830,000.

Median 82 days on market

Through June 2026 the typical 78669 listing took about 82 days to move, which gives buyers real room for well, septic, and easement diligence.

About a third cut price

Roughly 35% of listings in the ZIP show a price reduction, the clearest sign that asking prices are running ahead of what buyers will pay.

One median, two markets

Prices span $89,900 to $15,950,000. With only 292 sales a year, a few large lakefront or estate closings can swing the ZIP median noticeably.

Five-acre well rule sets the floor

Travis County requires lots supplied by an individual water well to be at least five acres, which limits subdivision across much of Spicewood.

Read the full July 2026 report →
— Lifestyle

What It's Like to Live in Spicewood

Spicewood is an unincorporated community spanning primarily Burnet County plus parts of Travis and Blanco counties, sitting one mile north of State Highway 71 roughly 35 miles northwest of Austin and nine miles southeast of Marble Falls. ZIP 78669 covers the south shore of Lake Travis. The community is served by SH 71, FM 93, County Road 404, and Spur 191. Because it is unincorporated, county rules govern rather than city permitting. Individual water wells are common, and Travis County requires any lot supplied by a private well to be at least five acres. Wastewater is typically handled by on-site sewage facilities. School zoning is split between Lake Travis ISD and Marble Falls ISD depending on where a parcel falls.

Krause Springs

Krause Springs is a family-owned 115-acre property in Spicewood with 32 natural springs feeding a man-made pool and a natural swimming hole that flows toward Lake Travis. Water holds around 68°F year-round, and the season generally runs mid-February through early November with gates closing at 8 p.m.

swimmingcampingsprings

Hill Country Wineries

Spicewood Vineyards sits at 1419 County Road 409 and includes a 250-seat event center that hosts the Spicewood Arts concert series. Stone House Vineyard occupies a bluff overlooking Lake Travis and runs a monthly calendar of wine dinners, tastings, and grilling weekends.

wineriestastingslive music

Luck Ranch

Willie Nelson's Luck Ranch sits at 1100 Bee Creek Road in Spicewood, on an Old West movie set originally built for the 1985 film Red Headed Stranger. It hosts the Luck Reunion festival each March; the 2026 edition ran March 19.

musicfestivalsBee Creek Rd

Lake Travis Frontage

Spicewood runs along the south shore of Lake Travis. LCRA considers the lake full at 681 feet above sea level, with a flood pool extending to 714 feet. As of July 27, 2026 the lake read 680.99 feet and 100% of conservation storage.

lakefrontboatingLCRA

Acreage and Wells

Most Spicewood property sits outside any city limits on acreage. Travis County requires lots supplied by an individual water well to be at least five acres and regulates groundwater availability countywide. On-site sewage facilities handle wastewater on most parcels.

acreagewellsseptic

Getting Around

State Highway 71 is the main artery, running east toward Bee Cave and the Hill Country Galleria and west toward Marble Falls. Austin is about 35 miles southeast. Spur 191, FM 93, and County Road 404 handle local access.

SH 71commuteBee Cave
— Common Questions

Questions People Ask Most About Spicewood

Is Spicewood on well water or city water?

Most Spicewood properties draw from individual water wells rather than a municipal system, though some subdivisions are served by small private utilities. Travis County requires any lot supplied by an individual well to be at least five acres, and the county regulates groundwater availability through its water availability rules.

How big are lots in Spicewood?

Acreage is the norm. Travis County requires at least five acres for any lot on an individual water well, which sets a practical floor for much of the area. Parcels range from platted subdivision lots on public utilities to multi-acre estates and raw ranch land along Highway 71.

How far is Spicewood from Austin?

About 35 miles. Spicewood sits one mile north of State Highway 71 in southeastern Burnet and western Travis counties, roughly 35 miles northwest of Austin and nine miles southeast of Marble Falls. Highway 71 is the main artery east toward Bee Cave and the Hill Country Galleria.

Which school district serves Spicewood?

Both. The 78669 area is split between Lake Travis ISD and Marble Falls ISD, and the boundary runs through the community. Marble Falls ISD serves grades K-12 for much of Spicewood, while some Lake Travis ISD campuses carry Spicewood addresses. Confirm zoning parcel by parcel before you buy.

What is the Spicewood housing market doing right now?

It is slow and inventory-heavy. ZIP 78669 recorded 292 sales over the trailing twelve months at a median sale price near $850K, with median days on market around 82. Median list price rose about 5.8% year over year while sold prices stayed roughly flat.

Do Spicewood homes use septic systems?

Yes, on-site sewage facilities are standard outside the few areas with utility wastewater service. Because Spicewood is unincorporated, septic permitting runs through the county rather than a city. Lot size, soil type, and setback from wells and creeks all shape what system a parcel can support.

Is Spicewood in Travis County or Burnet County?

Both, plus a slice of Blanco County. Spicewood is an unincorporated community primarily in Burnet County that also extends into Travis and Blanco counties. County lines matter here: they determine property tax jurisdictions, septic and well permitting authority, and which groundwater rules apply to a given parcel.

Who is Jonathan Creath?

Jonathan Creath is a Real Estate Advisor with Kuper Sotheby's International Realty, part of Creath Partners, holding active TREC license #547237. He works from the Hill Country Galleria office in Austin. Creath Partners is a family business his father Garry Creath founded in 1971; it moved to Austin in 1989.

— Upcoming

What's Happening in Spicewood

free

Around the World Photography Opening Reception

Opening reception from 2-3 p.m. at the Lake Travis Community Library for the Lakeway Photography Club members show. The exhibit runs August 1-29.

free

Big Band Bash

Big band music from 7-9 p.m. at the Lakeway Activity Center. Free admission.

free

Cool Arts Show

Local arts showcase from 1-5 p.m. at the Lakeway Activity Center. Free admission.

free

Big Band Bash

September edition of the monthly big band evening, 7-9 p.m. at the Lakeway Activity Center. Free admission.

free

Friday Night Fever Outdoor Concert

Outdoor concert from 7-9 p.m. at the Hurst Creek Sculpture Garden. Free admission.

registration

The Zeppelin Project at Spicewood Vineyards

Spicewood Arts pre-season warm-up show at Spicewood Vineyards, 1419 County Road 409. Doors at 6 p.m., performance at 7 p.m. Tickets $45.

free

Masterpiece Concert

Concert at 4 p.m. at the Lakeway Activity Center. Free admission.

— Community News

What's New in Spicewood

Lake Levels

Lake Travis back to full as LCRA closes the last floodgates

Lake Travis read 680.99 feet and 100.0% of conservation storage on July 27, 2026, holding 1,117,173 acre-feet. LCRA reports floodgates at Tom Miller Dam are now closed and no floodgates are open at any LCRA dam, ending the flood operations that opened gates at Mansfield Dam earlier in the month. The lake is considered full at 681 feet, with a flood pool reaching 714 feet. Percent-full figures count conservation storage only and exclude the flood pool.

Transportation

Hwy. 71 median project wraps in Bee Cave; Spicewood widening moves toward bid

A $2.8 million federally funded safety project that added medians on Hwy. 71 from Bee Creek Road to Bee Cave Parkway was completed in January 2026. Farther west, TxDOT has a roughly $16 million plan to rebuild about five miles of Texas 71 between Double Horn Creek and Spur 191 near the Spicewood General Store, widening travel lanes to 12 feet and adding a 14-foot continuous center turn lane plus 10-foot shoulders. Bidding was scheduled for April 2026 with no published completion date.

Schools

Lake Travis ISD narrows its deficit in the 2026-27 budget

Lake Travis ISD proposed a $152.7 million general operating budget for FY 2026-27, $1.8 million above the prior year, with the projected deficit narrowing to $1.2 million from the current $4.5 million. The district projects 10,667 students and 94.4% average daily attendance. A public hearing on the budget and tax rate was set for June 17, 2026, with tax rate adoption in August. Trustees also approved a 1% midpoint pay increase and a $1,000 staff retention incentive.

— Begin a Conversation

Talk to Someone Who Knows Spicewood

Jonathan Creath

Jonathan Creath

Real Estate Advisor · Kuper Sotheby's International Realty

Creath Partners was founded by Garry Creath and remains a family business to this day — begun in Colorado Springs in 1971, grown in Lubbock, and brought to Austin in 1989.

(512) 406-1086jonathan.creath@sothebysrealty.com
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