Fixer Upper Opportunity on 5.27 Acres in Paleface Ranch – Spicewood, TX. Tucked away in the sought-after Paleface Ranch subdivision and within the highly acclaimed Lake Travis ISD, this 5.27-acre property offers endless potential for the right buyer, and access to Pedernales River/Lake Travis with community park and boat ramp. The 2,949 square foot home features 3 bedrooms, 2 bathrooms, and a closed-in garage that serves as a versatile flex space—perfect for a game room, office, or guest suite. The home is ready for your vision and updates, with solid bones, a durable metal roof, and a layout ideal for customization. Surrounded by mature trees and natural landscape, the property offers exceptional privacy and a serene hill country setting. Whether you’re looking to renovate your dream home or invest in a high-potential property in a prestigious neighborhood, this is your chance to own a slice of peaceful Texas Hill Country just minutes from Lake Travis and all the amenities of Bee Cave, Lakeway and Austin. Bring your imagination and make it your own—opportunities like this in Paleface Ranch don’t come around often!