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ActiveMLS #8959253

23705 Old Ferry RD # 15, Spicewood TX 78669

Spicewood, TX 78669 · Milam Ranch

Single Family Residence for sale in Milam Ranch

4Bedrooms
2 full / 1 halfBathrooms
2,837Square Ft
4.55Acres
2Garage
1998Year Built
1 / 37
$1,450,000

Overview

Property Description

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.

Financial Info
Price
$1,450,000
$ / Sqft
$511
HOA
None
Tax Rate
1.74%
Est. Taxes
$9,064.03
Tax Year
2025
Exemptions
Homestead, Over 65
Legal Info
Address
23705 Old Ferry RD # 15
County
Travis
City
Spicewood
State
TX
Zip
78669
Subdivision
Milam Ranch
Legal Description
LOT 18 & 19 MILAM RANCH
Parcel
05600701060000
Interior Features
Floor
Carpet, Stone, Wood
Num Living
1
Dining
1
Kitchen
Breakfast Bar, Granite Counters
Appliances
Built-In Gas Range, Built-In Oven(s), Dishwasher, RNGHD
Laundry
In Garage, Laundry Room, Outside
Master Bed
Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Fireplaces
1
Fireplace Description
Family Room, Stone, Wood Burning
Interior Features
Breakfast Bar, High Ceilings, Granite Counters, Primary Bedroom on Main, Study/Home Office, Walk-In Closet(s), See Remarks, Blinds, Double Pane Windows, Screens
General Info
Beds
4 Total / 3 Main Level / 1 Other Level
Full / Half Baths
2 / 1
Prop Type
Residential
Property Type
Single Family Residence
Stories
2
Year Built
1998 / Resale
Square Feet
2,837 / Public Records
Garages
2
Garage Desc
Detached, Door-Single, Garage, Garage Door Opener
Foundation
Slab
Roof
Metal
Construction
Metal Siding, Wood Siding
Acres
4.55
Lot Description
Rock Outcropping, Many Trees, Views
Restrictions
Deed Restrictions
Flood Plain
Partial, Yes-100 yr
View
Hill Country, River, Trees/Woods, Water
Water Access
Yes
Waterfront
Yes
Area
LS
Utility Info
Water
See Remarks
Sewer
Septic Tank
Utilities
Electricity Connected, Propane, Water Connected
Heat
Central
A C
Central Air
Exterior Features
Fence
Partial, Wire
Exterior Features
Boat Dock - Private, Boat Slip, Uncovered Courtyard, Gutters Full, Covered, Deck, Rear Porch
Pool On Property
No
Area Amenities
None

Rooms

Rooms3 rooms

Main level

  • Primary Bedroom

    Ceiling Fan(s), Sitting/Study Room, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s)

  • Primary Bathroom

    GranCnt, Dual Vanity, Walk-in Shower

  • Kitchen

    Breakfast Bar, Ceiling Fan(s), GranCnt, Eat In Kitchen, Recessed Lighting

Price history

Members only
Days on market
$1,450,000
List price
0
Price reductions
Active
Since Feb 13, 2026
Property history1 event
DateEventPriceChange
Feb 13, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
Lake Travis ISD
Elementary
West Cypress Hills
Middle
Lake Travis
High
Lake Travis

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $1,450,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$9,295 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $9,295

Principal & interest
$7,332
Property taxes
$755
Homeowners insurance
$1,208

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$1,160,000$12,966$75,018$1,147,034
2$1,147,034$13,834$74,150$1,133,200
3$1,133,200$14,760$73,223$1,118,440
4$1,118,440$15,749$72,235$1,102,691
5$1,102,691$16,804$71,180$1,085,887
6$1,085,887$17,929$70,055$1,067,958
7$1,067,958$19,130$68,854$1,048,828
8$1,048,828$20,411$67,573$1,028,417
9$1,028,417$21,778$66,206$1,006,640
10$1,006,640$23,236$64,747$983,403
  • Year 1$1,147,034
    Principal paid
    $12,966
    Interest paid
    $75,018
    Starting balance
    $1,160,000
  • Year 2$1,133,200
    Principal paid
    $13,834
    Interest paid
    $74,150
    Starting balance
    $1,147,034
  • Year 3$1,118,440
    Principal paid
    $14,760
    Interest paid
    $73,223
    Starting balance
    $1,133,200
  • Year 4$1,102,691
    Principal paid
    $15,749
    Interest paid
    $72,235
    Starting balance
    $1,118,440
  • Year 5$1,085,887
    Principal paid
    $16,804
    Interest paid
    $71,180
    Starting balance
    $1,102,691
  • Year 6$1,067,958
    Principal paid
    $17,929
    Interest paid
    $70,055
    Starting balance
    $1,085,887
  • Year 7$1,048,828
    Principal paid
    $19,130
    Interest paid
    $68,854
    Starting balance
    $1,067,958
  • Year 8$1,028,417
    Principal paid
    $20,411
    Interest paid
    $67,573
    Starting balance
    $1,048,828
  • Year 9$1,006,640
    Principal paid
    $21,778
    Interest paid
    $66,206
    Starting balance
    $1,028,417
  • Year 10$983,403
    Principal paid
    $23,236
    Interest paid
    $64,747
    Starting balance
    $1,006,640
First 10 of 30 years

Nearby

Courtesy of Moreland Properties · (512) 480-0848

Listings courtesy of ACTRIS as distributed by MLS GRID.