Spicewood, a small unincorporated community in central Texas, has experienced a significant population growth in recent years, with the population increasing from 110 in 1990 to 11,230 today. This growth is largely attributed to spillover from Austin’s tech and development industries, as well as the city’s overall population growth. Located just 45 minutes outside of Austin, Spicewood has become a popular destination for those seeking a more rural lifestyle while still being close to the amenities of a major city.
To accommodate the influx of new residents, Spicewood has seen a wave of development, with master-planned communities and retail spaces popping up along Highway 71. The real estate market in Spicewood has also seen a significant uptick, with the average asking price currently sitting at $1,036,050. Luxury properties in the $2-3 million range are common, with premier listings exceeding $8 million. Spicewood’s hillside views of Lake Travis set it apart from other Austin suburbs, making it an attractive destination for buyers seeking luxury properties with scenic views.
Despite the increase in development and luxury properties, Spicewood has managed to maintain its rural charm. The town still offers rough acreage, small hole-in-the-wall bars, and a laid-back culture that appeals to residents seeking space and privacy. Popular spots for barbecue and live music, such as Opie’s Barbeque and Poodie’s Roadhouse, add to the town’s unique character. Outdoor recreation opportunities, including hiking, boating, and fishing, are plentiful in Spicewood, with local favorites like Krause Springs offering campgrounds and swimming holes for residents to enjoy.
While Spicewood’s growth shows no signs of slowing down, the town’s rural feel and eclectic mix of home styles continue to attract buyers looking for a unique and luxurious living experience. With new construction properties arriving on the market regularly and plans for massive subdivisions in the works, Spicewood is positioning itself as a luxury destination for those seeking a blend of rural charm and modern amenities. As development continues, the town’s close proximity to Austin and its natural beauty make it an attractive option for homebuyers in search of space and privacy outside of the city.