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Luxury Homesites and Ranchettes for Sale near Lakeway and Bee Cave
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Buying land to build on is a different job than buying a house. With a house, most of the hard questions have already been answered. With a homesite, you're the one who has to find out where the water comes from, whether the soil will take a septic system, what the deed restrictions allow, how the lot is taxed and what it'll really cost to build.
I've lived in the Lake Travis area since 1990, sold real estate here since 2004 and spent 15 years before that as a bank COO. I'm also Chair of the City of Bee Cave Planning and Zoning Commission, so plats, zoning and development rules are part of my week. This guide covers luxury homesites, ranchettes and acreage around Lakeway, Bee Cave, Hamilton Pool Road and Spicewood: where they are, what they cost and what to check before you buy.
Homesites and acreage for sale right now: about 115 lots and tracts of an acre or more, priced at $400,000 and up, are for sale in the Lakeway, Bee Cave and Spicewood ZIP codes, from about $400,000 to $6.9 million (MLS, October 2026). See every listing, updated throughout the day from the MLS.
Homesites and Acreage at a Glance
| Where | Lakeway and Bee Cave (ZIP codes 78734 and 78738), the Hamilton Pool Road corridor west of Bee Cave, and Spicewood (78669) |
|---|---|
| On the market | About 115 lots and tracts of 1 acre or more at $400,000 and up. About 45 are priced at $1 million or more. Average list price about $1.2 million (MLS, October 2026). |
| Where most of it is | Spicewood has more than half. Inside the Lakeway and Bee Cave city limits, large residential lots are rare, and several of the land listings there are commercial sites. |
| Built houses on acreage | About 45 houses on 5 acres or more, from about $525,000 to $17.9 million |
| Schools | Mostly Lake Travis ISD. Part of Spicewood is in Marble Falls ISD, so check the district for any Spicewood address. |
Luxury Homesite Communities
| Community | Where | Lot sizes | For sale (Oct 2026) |
|---|---|---|---|
| Preservation Ranch | Off Hamilton Pool Road, west of Bee Cave | About 20 to 29 acres | 5 tracts, about $2.2 million to $3.1 million |
| Spring Creek Preserve | Hamilton Pool Road near Highway 71, Bee Cave | About 3 to 4 acres | 3 lots, about $1.2 million to $1.8 million |
| The Peninsula at Rough Hollow | Lakeway, on Lake Travis | Under an acre, gated | Lots from the $300,000s to over $1 million |
| Hacienda Heights at Rough Hollow | Lakeway, hilltop | 15 custom homesites plus one 18-acre site | Lots around $800,000 |
| Spicewood | Lakehurst, Paleface Homesteads, Barton Creek Lakeside and rural tracts | 1 acre to large ranch tracts | About 65 listings, about $400,000 to $6.9 million |
Counts and prices are from the MLS in October 2026 and change daily. Rough Hollow lots are mostly under an acre, so they don't appear in the 1-acre-and-up listings at the bottom of this page. Ask me and I'll send what's available.
Preservation Ranch
Preservation Ranch is the closest thing to a true ranchette community near Bee Cave. It sits off Hamilton Pool Road, past Belvedere and Madrone Ranch, and its tracts run roughly 20 to 29 acres. Wildlife management is the primary land use under the deed restrictions, and the tracts carry a wildlife management tax valuation, with hiking trail and open space easements and creeks running through the property. The restrictions also call for a house of at least 3,500 square feet, design review of your builder and plans, fire sprinklers, and horses with committee approval. Drinking water comes from the West Travis County Public Utility Agency, and each tract uses its own septic system. It's in Lake Travis ISD.
If you're buying here, keep the wildlife valuation in place. If the land stops qualifying, the owner owes rollback taxes, and that's a real number on a 20-acre tract.
Spring Creek Preserve
Spring Creek Preserve is a small gated enclave of 17 homesites about half a mile down Hamilton Pool Road from Highway 71, which puts it minutes from the Hill Country Galleria and Bee Cave's shops and schools. Lots run about 3 to 4 acres, and some back to Little Barton Creek. Current listings show no required builder and no deadline to build, which is unusual at this price. It's in Lake Travis ISD.
Rough Hollow: The Peninsula and Hacienda Heights
Rough Hollow is the master-planned community along Lake Travis in Lakeway, with its own yacht club and marina. The Peninsula at Rough Hollow is a gated neighborhood with lake views and access to more than three miles of shoreline. Homesites there have ranged from the $300,000s to over $1 million, and you build with one of the community's approved custom builders. Hacienda Heights is a hilltop section of 15 custom homesites plus one 18-acre site with a private drive. When it opened in 2022, homesites sold for about $1 million to $1.5 million, and total costs with the house were expected to top $3 million. Rough Hollow lots are smaller than the ranchette tracts, but you get the marina, the amenities and a Lakeway address. For more on Rough Hollow, see my Lakeway real estate guide.
Spicewood
Spicewood has most of the acreage for sale near Lake Travis, from 1-acre lots to large ranch tracts. You'll find lake-area homesites in places like Lakehurst and Barton Creek Lakeside, Hill Country acreage in Paleface Homesteads and along Bee Creek Road, and a few very large estate tracts near the lake. Spicewood is unincorporated and rural, so plan on septic, a well or a small water provider, and county rather than city rules. Part of Spicewood is in Marble Falls ISD.
What to Check Before You Buy a Homesite
- Water. Find out whether the lot is served by a public utility like the West Travis County Public Utility Agency, a small provider or a well. If it's a well, ask about depth, output and any permits the local groundwater district requires. Some communities allow wells only for irrigation.
- Septic. Most homesites outside the cities use septic. In unincorporated Travis County, the county's Transportation and Natural Resources department permits septic systems, and the process starts with a soil evaluation and a site plan. Slopes, rock and creeks can limit where the system and the house can go.
- Deed restrictions and HOA rules. Read them before you're under contract. Look for minimum house size, approved builder lists, design review, height limits, deadlines to build, animal rules and HOA dues.
- Tax valuation. Many larger tracts carry an agricultural or wildlife management valuation that keeps taxes low. If the land stops qualifying, you can owe rollback taxes plus interest. Ask for the current valuation and what it takes to keep it.
- Jurisdiction. A lot can be inside a city, in a city's extraterritorial jurisdiction or in the county. Each has different rules for building, septic and lot size. I check this on every lot.
- Survey, access and easements. Get a current survey. Check the road access, any shared or private drives, utility easements and conservation easements, and the FEMA flood map for anything near a creek.
- Financing and the total budget. Land loans usually need a bigger down payment than a house loan, and build costs add up quickly on rural lots once you include the driveway, utilities and septic. I spent 15 years on the lending side, so I start those conversations early.
Homesites and Acreage Market Snapshot, October 2026
- About 115 lots and tracts of 1 acre or more, priced at $400,000 and up, in the Lakeway, Bee Cave and Spicewood ZIP codes
- Prices from about $400,000 to $6.9 million, with an average around $1.2 million
- About 45 are priced at $1 million or more
- About 65 are in Spicewood, and only a handful are inside the Lakeway and Bee Cave city limits
- About 45 built houses on 5 acres or more, from about $525,000 to $17.9 million
From the MLS on October 28, 2026. Some land listings are commercial sites or include an older house, so read each listing or ask me.
Looking for land to build on? Call or text me at 512-657-4455. Tell me the size, setting and budget you have in mind, and I'll send you what fits, including lots that haven't hit the MLS yet.
Selling a Homesite or Acreage
Land buyers want answers before they'll make an offer: water, septic, restrictions, tax valuation and access. I put those facts together before we go live, along with a current survey and the information a builder will ask for. That keeps buyers from walking away over questions we could have answered up front, and it helps a lot hold its price.
Homesite and Ranchette FAQs
How much do luxury homesites cost near Lakeway and Bee Cave?
As of October 2026, lots and tracts of an acre or more range from about $400,000 to $6.9 million in the Lakeway, Bee Cave and Spicewood ZIP codes, averaging about $1.2 million. Gated Rough Hollow lots under an acre run from the $300,000s to over $1 million, Spring Creek Preserve lots about $1.2 million to $1.8 million, and Preservation Ranch tracts about $2.2 million to $3.1 million.
Where can I find ranchettes near Bee Cave?
The Hamilton Pool Road corridor west of Bee Cave has most of them. Preservation Ranch offers tracts of roughly 20 to 29 acres under wildlife management, and Spring Creek Preserve has gated lots of about 3 to 4 acres. Spicewood has more acreage, from 1-acre lots to large ranch tracts.
Are there large homesites inside Lakeway?
Very few. Lakeway is mostly built out, and most land listings inside the city are small infill lots or commercial sites. Rough Hollow is the main place to buy a homesite to build on in Lakeway, and those lots are mostly under an acre.
Can I bring my own builder?
It depends on the community. The Peninsula at Rough Hollow and Hacienda Heights use approved custom builder lists. Preservation Ranch requires design review of your builder and plans. Spring Creek Preserve listings show no required builder. Always read the deed restrictions before you buy.
Do homesites near Bee Cave have city water and sewer?
Some do and many don't. Preservation Ranch gets drinking water from the West Travis County Public Utility Agency, but each tract uses its own septic system. Many Spicewood and Hamilton Pool Road lots rely on wells or small water providers and septic. Check the water source and septic plan for every lot.
What is a wildlife management valuation?
It's a Texas property tax valuation that lets qualifying land be taxed on its wildlife management use instead of its market value, which can keep taxes much lower. The owner has to keep up an approved wildlife management plan. If the land stops qualifying, rollback taxes plus interest can be due.
Which school district serves these homesites?
Most homesites around Lakeway, Bee Cave and Hamilton Pool Road are in Lake Travis ISD, including Preservation Ranch, Spring Creek Preserve and Rough Hollow. Part of Spicewood is in Marble Falls ISD.
Can I get a loan to buy a homesite?
Yes, but land loans usually need a bigger down payment and shorter terms than a house loan. Some buyers use a lot loan now and a construction loan later, and others combine the two. Talk to a lender who makes land loans before you write an offer.
More from Lori
- All homesites and acreage for sale
- Lake Travis waterfront homes guide
- Lake Austin waterfront homes guide
- Lakeway real estate guide
- Bee Cave real estate guide
- Falconhead homes for sale
- Austin luxury homes
- How Lori sells a property
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Written by Lori Wakefield, REALTOR, Keller Williams Lake Travis. In the Lake Travis area since 1990, licensed in Texas since 2004, former bank COO, Chair of the City of Bee Cave Planning and Zoning Commission. More about Lori or call 512-657-4455.
Updated October 2026. Market figures come from the MLS and change daily. Community details come from public deed restrictions, developer materials and current listings. Verify restrictions, dues and utilities for any specific lot. Sources: Legend Communities, Community Impact, Travis County septic permits.
Every homesite and tract of 1 acre or more, $400,000 and up, in the Lakeway, Bee Cave and Spicewood ZIP codes, straight from the MLS:
Homesites and Acreage of 1 Acre or More, $400,000 and Up
FINAL RELEASE | ONLY FOUR ESTATE LOTS REMAIN The final four estate lots at Overlook at Pedernales have been released, offering a rare opportunity to own expansive acreage...
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This 25 acres provides a unique opportunity to own a Hill-Country getaway with significant Lake Travis frontage and expansive views overlooking the lake and the surroundi...
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Bring your vision to Hudson Bend, one of the most sought-after pockets of the Lake Travis area. This 1.03 +/- vacant parcel, located next to 5731 Pool Canyon Cv on a quie...
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SELLER SAYS BRING OFFERS Reduced Lake Travis Waterfront Lot. Priced to sell. Do not hesitate to show !! Approx 1.3 acres with easy access to approx 141 feet of Lake Travi...
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ABSOLUTELY BREATHTAKING! 8.24 ACRES OF LAKE TRAVIS WATERFRONT PARADISE! Spectacular panoramic lake and Hill Country views, two expansive waterfront lots, a picturesque gr...
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Beautiful Hill Country homesite in the established Fall Creek Estates community of Spicewood. This well-shaped lot offers a desirable buildable site with frontage along s...
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Lot 33 | Madrone Canyon Exceptional cul-de-sac homesite in Madrone Canyon offering beautiful canyon views and a peaceful Hill Country setting. An ideal opportunity to cre...
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- 78738 Zip Code
Behind the gates of Preservation Ranch, The Dreamer presents an extraordinary opportunity to own 21.83 acres of Texas Hill Country. Offered three ways: 23.4 acres with th...
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An expansive 7.37-acre parcel of land inside Barton Creek Lakeside offers a serene setting to design your own custom retreat. This prime location is the largest plotted l...
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Rare Opportunity: Your Private Hill Country Sanctuary with Unlimited Potential. Discover the ultimate "blank canvas" for a high-end residential compound or a luxury colle...
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Rare 4.3-acre dockable waterfront homesite on Lake Travis with breathtaking lake and Hill Country views. Enjoy direct water access without the steep cliffs found on many ...
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Quiet mornings on a still cove and sunsets over the water set the pace here. This approximately 1.6-acre waterfront homesite sits on a secluded, deep-water cove of Lake T...
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A rare opportunity to create an extraordinary private estate awaits within the prestigious, gated and guarded community of The Peninsula at Rough Hollow. This remarkable ...
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This property is in the process of being subdivided. The survey provided has been prepared by Cuplin & Associates and is awaiting approval from the County. This property ...
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Take advantage of this increasingly rare, seller-finance lot ($600k) OR to-be-built custom home option with Builder/Owner on this picturesque 1.35 acre lot that backs to ...
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Nearly ZERO PROPERTY TAXES, SELLER FINANCING & JV OPPORTUNITY available to qualified buyers. Explore all 32 acres, discover the build site, and envision the possibilities...
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A rare opportunity to own approximately 28 picturesque acres with sweeping views of Lake Travis and the Texas Hill Country, all within highly regarded Lake Travis ISD. C...
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Rare opportunity in the gated McCormick Mountain community! This offering includes two adjacent lots totaling 1.2+ acres, providing exceptional space and flexibility for ...
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The natural beauty of the Texas hill country defines this expansive commercial property acreage. Mature native trees and rolling hills create a serene setting while offer...
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Welcome to 20 beautiful acres of open land surrounded by majestic oak trees and peaceful pastures. This property offers plenty of space and privacy, with great road front...
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Located in the prestigious Belvedere private gated community, this corner lot provides the perfect setting to build your Texas Hill Country retreat. Lot has exceptional o...
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Discover an exceptional Lake Travis waterfront property offering privacy, scale, and rare deep-water access. Set on 4.4 serene acres with approximately 500 feet of lake f...
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Build Your Hill Country Dream Above Lake Travis! Set within the prestigious gated enclave of Bella Montagna in Lakeway, this exceptional 1.15-acre homesite offers an extr...
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Here is a rare opportunity to own and build on a beautiful waterfront lot in the deep waters of Bee Creek Cove. Five lots have been combined to create an expansive build ...
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Discover a rare waterfront homesite opportunity in Spicewood, Texas. Lot 3 & 4 are two adjoining lots that equal nearly 2 acres of land with 126 feet of waterfront along ...
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A rare opportunity to create an extraordinary waterfront estate lot - 2.668 acres with approx 218' of water frontage on Lake Travis. This remarkable Lakeway homesite...
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2409 Pace Bend Road South sits directly in the path of the growth taking place between Bee Cave and Spicewood along the Highway 71 corridor. With approximately 2 acres an...
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Seize the opportunity to own one or both of the last two premium 1-acre commercial lots ( 8 & 9)on Lakeway Center Drive in the heart of Lakeway, Texas. These prime lots, ...
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Set within a peaceful pocket of Lakeway, this 3.16 acre homesite offers mature trees, privacy, and beautiful canyon views. Its elevated setting provides an exceptional op...
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Set within a peaceful pocket of Lakeway, this 1.5255 acre homesite offers mature trees, privacy, and beautiful canyon views. Its elevated setting provides an exceptional ...
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Tucked away in a peaceful pocket of Lakeway, this 1.6409 acre homesite offers exceptional privacy, mature trees, and gorgeous canyon views. The elevated setting creates a...
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Nearly 2 acres of Lake Travis waterfront living. Existing guest house for immediate enjoyment or interim living. Build-ready pad with utilities in place for a future main...
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Secure your legacy within the exclusive gates of Lakecliff on Lake Travis with this 1.15-acre waterfront homesite, offering a rare combination of premium golf course visi...
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Of the dozens of homesites, only one sits at the top. The Crest of Preservation Ranch occupies the highest bench in Austin's most protected conservation enclave, the...
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Discover an exceptional lakeside sanctuary where breathtaking water views and luxurious living converge on a sprawling 2 acre lot. With direct lake frontage and dock, eve...
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Nestled in the heart of the Texas Hill Country, this beautiful homesite offers level terrain, majestic mature trees, & an exceptional setting to build your dream home * I...
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The Enclave at Barton Creek Lakeside is a small intimate 10-acre patio-home community designed for a lock-n-leave environment, 30 miles west of downtown Austin. Nestled i...
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3 lots – 8 (.6473 acres,) 9 (.7531 acres,) 10 (.6906 acres) 2.091 acres total. Hidden Hills neighborhood Access to Crosswind Property Owners Association - James Hughes ...
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Discover an exceptional opportunity to create your custom dream home on a pristine 1.33-acre homesite in the exclusive North Lakeway community of San Crisciano. Thoughtfu...
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This expansive 3.41-acre lot offers endless possibilities. Easily buildable site ideally located less than a minute from Hudson Bend Rd, combining serene natural surround...
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Build your custom Lake Travis-area estate on this elevated 1.07-acre homesite in gated Bella Montagna Estates. Positioned in the Lakeway / Austin 78734 area, 106 Piazza V...
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Welcome to The Twenty-Four, an exclusive luxury homesite community tucked among the rolling hills of Lakeway just off Serene Hills Drive. This boutique enclave offers a r...
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A Once-in-a-Lifetime Opportunity: 19-Acre Legacy Retreat on Lake Travis. For nearly a century, this extraordinary land has remained in the same family, its story woven in...
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Offering a rare opportunity to own 10 pristine acres in the highly desirable Spicewood area, this fully fenced tract serves as the perfect foundation for a custom luxury ...
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Private Lake Travis Waterfront property featuring 11.18 acres and 327 feet of lake front. Multiple optimal building sites with sweeping, elevated lake views. Bring your ...
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- 78669 Zip Code
WOW! THIS IS A FANTASTIC 1.93 ACRE RIVER FRONT LOT WITH AN AMAZING ROCK PATIO AREA FOR PARKING DOWN BY THE RIVER AND ABSOLUTELY BREATHTAKING ROCK OUTCROPPINGS AND ADDITIO...
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Gold Tier Real Estate is pleased to present a 2.041-acre, high-density residential development pad located within The Square at Lakeway, a 63 acre mixed use development i...
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- 78738 Zip Code
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Situated in the sought-after Belvedere gated community, 8708 Bellancia Drive presents a rare opportunity to build your dream home on an expansive 1.36-acre homesite. This...
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