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Spicewood · Milam Ranch

$1,450,000 84 days on market

23705 Old Ferry Rd #15, Spicewood, TX 78669

  • 4bedrooms
  • 2.5bathrooms
  • 2,837sqft
  • 4.6acres
  • 1998year built

About this home

Perched on approximately 4.5 private acres atop a high bluff with 400 feet of waterfront on the Pedernales River arm of Lake Travis, this award-winning custom home is a rare expression of architecture, landscape, and sustainability. Designed in 1998 by Kevin Alter and David Heymann, the residence received the AIA Austin Honor Award and was featured in Texas Architect magazine.

The home is organized into north and south wings connected by a dramatic 96-foot covered deck facing west—ideal for cool morning breakfasts, Hill Country sunsets, and near-constant breezes. Floor-to-ceiling windows, clerestory ventilation, fully insulated 6” exterior walls, and ceiling fans throughout support a thoughtfully engineered, energy-efficient design that encourages natural cross-ventilation and minimal HVAC use.

The north wing offers an open living, dining, and kitchen space with granite counters, custom cabinetry, limestone fireplace, and expansive glazing for abundant natural light. The primary suite features granite finishes and a large walk-in shower. The south wing includes three bedrooms, a full bath, laundry, and a two-car garage, separated by a breezeway that channels prevailing southerly winds.

Notable upgrades include solar panels (2020), rainwater collection providing the sole water source since 2010, two new Trane HVAC systems (2024), updated septic pump, and a private dock with boat slip. Cat5 ethernet outlets throughout support modern connectivity and home automation.

This is a distinctive, architecturally significant waterfront retreat offering privacy, sustainability, and timeless design—ready for its next steward.

Property

Type
Single Family Residence
Levels
Two
Year built
1998
Lot size
4.55 acres
Subdivision
Milam Ranch
MLS #
ACT8959253

Inside

Bedrooms
4
Bathrooms
2.5
Living area
2,837 sqft
Fireplaces
1

Outside / parking

Garage spaces
2
Waterfront
Yes

Schools

Elementary
West Cypress Hills
High school
Lake Travis
District
Lake Travis ISD

Costs

Est. annual taxes
$9,064 (2025)

Listing

First listed
Feb 13, 2026
Days listed
84
Status
Active

Listed by Chad Mahagan, Moreland Properties · [email protected] · MLS# ACT8959253 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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