Privately gated and fully fenced, this exceptional Hill Country estate presents a rare opportunity to own a three-residence compound in the heart of Spicewood. Situated on 2.5 serene acres, the property offers panoramic Hill Country views, complete privacy, and remarkable flexibility, making it ideal for a family compound, multigenerational living, live-work estate, equestrian retreat, or strategic investment. Designed for privacy, the property features three distinct residences, each with its own layout and outdoor space designed to capture the surrounding natural beauty. A long private drive provides ample parking, plus a two-car garage and detached carport. Mixed zoning allows residential and commercial use, a rare find in this desirable Hill Country location. Horses are allowed, and the property benefits from a very low tax rate with no HOA. All three residences were rebuilt from the studs in 2025, blending high-end finishes with a refined modern farmhouse aesthetic. Kitchens feature quartz countertops, custom cabinetry, and new appliances, while updates include luxury vinyl plank flooring, energy-efficient windows, upgraded insulation, and new HVAC systems. The first residence offers 1,784 SF with 2 bedrooms, 2 baths, and a flexible office or dining space with a private deck overlooking a courtyard. The middle residence offers 1,440 SF with 2 bedrooms, 2 baths, an office, and a private courtyard and deck. The third residence, above the garage, offers 1,381 SF with elevated Hill Country views, open living areas, and a spacious bedroom and bath. Conveniently located just off Highway 71 with easy access to Bee Cave, Marble Falls, and Lake Travis, this one-of-a-kind property offers a rare combination of acreage, mixed zoning, income potential, and Hill Country lifestyle in one exceptional setting. No restrictions and short-term rentals allowed, including Airbnb and VRBO.