5.75 acres. No HOA. Horses allowed. A custom home, pool and rooftop deck with sweeping Hill Country and water views. 312 Paleface Point offers the kind of space, privacy and freedom that is increasingly hard to find in Spicewood-without giving up access to Lake Travis, golf and some of the area's best outdoor recreation. The 3,060-square-foot home features 4 bedrooms and 3.5 baths with a flexible layout that includes two bedrooms on the main level, two upstairs, and a dedicated office/flex space overlooking the pool and grounds. The kitchen opens to the main living area with granite counters, stainless appliances, a Thermador 5-burner propane cooktop, double ovens, cherry cabinetry and a center island. A dramatic two-story stone fireplace anchors the living space. The primary suite includes double vanities, separate walk-in closets, a garden tub and sealed steam shower with dual shower heads. The oversized garage is insulated, heated and cooled, creating valuable additional space for a workshop, gym, studio or hobbies. Outside, the property really separates itself: a pool with fountains, stand-alone hot tub, 20x20 outbuilding and usable acreage with room for horses, a future barn or stables, recreation or simply more breathing room. Head up to the rooftop observation deck for happy hour and take in expansive Hill Country views toward the Pedernales River. A private well with 2,500 gallons of water storage, septic system, water softener and underground propane are already in place. Spend the day boating on Lake Travis, hiking or biking at Muleshoe Bend, exploring Pace Bend Park, or enjoying nearby golf, wineries and distilleries. The planned Thomas Ranch development is also nearby. For buyers wanting even more land, the home is also offered with two adjoining parcels for approximately 10.87 total acres; see MLS #8116473. Some properties are best understood from the photos. This one is best understood when you step onto the land.